At a time when companies across sectors are looking to cut costs by slashing salaries, pharma companies seem to be an exception, as many of the employees here are set to receive generous bonuses and increments. The rationale cited for the same is to retain talent and encourage a culture of growth and learning. Further, given that the pharma sector is highly research oriented, attracting the right talent, atleast, in the R&D department becomes very important. For instance, while Lupin has given its employees increments in the range of 25% to 40%, Cadila Healthcare is contemplating an increase of 25%. Those companies which have been catering to the US and are basically well diversified in terms of geographies have done well and this has translated into higher salaries. Having said that, not all pharma companies have been that lucky and those who have not logged in a strong performance will be shelling out relatively lesser increments to employees
Learning from #FriendsReunion - Plan Your Bottle Episode While watching Friends: The Reunion a while back ( Yes, i am super late, been a very busy week) something struck with me which the show’s creators said about "budgeting" a term called Bottle Episode. On Friends - Its one of the most successful television sitcoms of all time. From 1994 to 2004, the show never left the list of top 10 most-watched television programs. It was also one of the most expensive television series of all time. By the last two seasons, each of the six main actors earned more than $1 million per episode. From the resources perspective, the show has more than justified that expense since then. As per some estimate Friends earns around $1 billion a year from syndication, merchandising, streaming, and other deals. During the reunion show, creator Marta Kaufman talked about how they planned “bottle episodes” each season to manage the show’s budget....
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