managing talent at lupin

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Managing Talent at Lupin

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Managing Talent at

Lupin

Lupin India Limited

• Lupin India Limited is a multinational pharmaceutical company based in Mumbai.

• It is the second-largest Indian pharmaceutical company by market capitalization.

• 14th-largest generic pharmaceutical company globally.

• Fifth-largest generic pharmaceutical company in the US by prescription-led market share.

• Fastest growing generic pharmaceutical player in the two largest pharmaceutical markets of the world –the US and Japan.

• 5th largest and the fastest growing generic pharmaceutical player in South Africa.

Managing Talent at Lupin

• HR team launched the Talent Management Project in 2006.

• Lupin practices centralised approach of management.

• Emphasis is on relationship oriented culture.

• HR team clear on their roles of attracting , retaining and developing.

• Support Excellence.

• Open to get talent from outside.

Talent Management Initiatives

• Lupin Talent Management programmes restedon participatory approach.

• Development programmes aimed atencouraging employees to take charge of theircareers with full support from Lupin.

• It believes in employees prerogative to hardwork, deliver results and get recognised.

Talent Management at Lupin

Talent Management at Lupin

Induction Programme

• Lupin Learning Centre and the Buddy Programme.

• New recruits undergo 15 days long programmecalled “UDBHAV” for smooth transition fromacademic to industry.

Buddy Programme

• Buddy programme - A new employee is connected to an existing employee (1 year + ).

• Buddy is certified by undergoing a 2 days programme.

• One Buddy for 4 new recruits.

• The work ethics, culture of the organisation and to assist in cultural orientation.

• The progress to be monitored by “Buddy Coach”.

Learning & Development Initiatives

Annual Talent Review

• Aim’s to integrate company’s plan with employee goals and organisational decisions.

• Enabled Lupin to systematically assess capability of the organisation.

• Current delivery and demonstrated potential for growth were the main factors than the past achievements.

• Performance and potential appraisal.

Lupin Manufacturing Business Leadership Programme (LMBLP)

• At Lupin plants, most with Pharma & Engineering background.

• Lack management concepts and leadership training.

• Identified talent undergo LMBLP at IIMA.

• The programme terminates with access to prestigious membership of IIMA alumni network.

Key Elements at LMBLP

• Understanding Business Concepts.

– Equip leaders with skills.

• Leadership Development.

– Overall management programme to boost confidence t

• Practical In-Lupin Experience.

– Live project in Lupin under guidance of IIMA faculty to internalise their learning.

Lupin Learning Centre , Lonavala

• A world class infrastructure and facilities for execution of various learning programme.

• The facility had auditorium, guest room,recreationcentre, library, canteen ,garden, etc

• This is a centre for excellence for Lupin where they nurture their talent.

Talent Managemnet Challenges at Lupin

• Industry characteristics leads to talent outflow.

• Lack of talent ,faster upward movement.

• Lack of resources and process to map competencies.

• Percentile system of grading people.

• Subjective assessment in manufacturing , R&D etc compared to Marketing , Sales etc.

Thank You