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This indicates that staff development should form part of your compensation and benefits package to entice candidates to work for your company. Providing employees with learning opportunities can boost employeeengagement, resulting in higher productivity and profitability while lowering employee turnover.
With the constant layoffs, corporate mergers and acquisitions in the pharmaceutical market, and rise in the compensation standards, many businesses have also adopted an outsourcing business model. There is also the challenge of a high employee attrition rate in this industry. Employee attrition is a major issue.
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