managing talent at lupin
TRANSCRIPT
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.
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”.
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.