An Exploratory Study of Sanofis Strategy on Employee Retention - Essay Example

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This research is governed by the following objectives: to determine the weaknesses of Sanofi’s existing retention strategies in terms of keeping its existing employees loyal and motivated at work; and to determine the limitations of Sanofi’s employee retention strategies for baby boomers, generation X, and generation Y employees…
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An Exploratory Study of Sanofis Strategy on Employee Retention
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Download file to see previous pages 12 a.2 Talent Management, Succession Planning, and the Integration of Learning and Development with Employee Relations …………………………………………… 13 a.3 Competitive Remuneration and Reward Strategies …………… 16 a.4 Maintaining the Goodwill of the Company …………………… 18 a.5 Effective Leadership and Management Style ………………… 19 a.6 Work Flexibility and Work-and-Life Balance ………………... 21 III. Research Methodology …………………………………………………………. 24 a. Framework of the Research Survey Study Design………...……………. 24 b. Quantitative Research Survey Questionnaire Design …………………… 26 c. Research Hypothesis ................................................................................ 27 d. Site Settings, Population and Sample Size ……………………………… 28 d. Research Ethics …………………………………………………………. 29 IV. Research Findings and Discussion …………………...…………………………. 30 a. Research Findings ………………………………………………………. 30 a.1 Baby Boomers ………………………………………..……….. 30 a.2 Generation X Employees ………………….………………….. 34 a.3 Generation Y Employees ……………………………………… 37 b. Discussion ………………………………………………………………. 40 V. Conclusion and Recommendations ……………………….…………………….. 43 References ………………………………………………………………………………. 46 Appendixes...
The firm that is analyzed in the paper is Sanofi, a global pharmaceutical company that is committed in discovering, developing and distributing a wide-range of therapeutic products such as vaccines that could protect the immunized individuals against 20 different infectious diseases and medicines that could effectively solve health problems related to atrial fibrillation, atherothrombosis, cancer, cardiovascular diseases, diabetes, central nervous system (CNS) disorders, medical aesthetics, mental health disorders like schizophrenia, epilepsy and bipolar disorder, metabolic disorder, oncology, and deep vein thrombosis. Since 1999, Sanofi managed to establish offices in almost 110 countries around the world. To serve the constantly increasing demand for Sanofi products, this company is maintaining more than 100,000 highly committed professional staff that aims to provide healthcare solutions to healthcare professionals and patients worldwide. To attract and retain its employees, the company take care of their valuable assets by providing their staff with a rewarding work environment, offer them with competitive remuneration packages, and provide them with equal opportunities for further training and career development. Failure to satisfy the specific needs and wants of Sanofi’s current employees could increase the risks wherein its employees could be easily pirated by another similar company. In the long-run, having a weak and ineffective employee retention stratey could cause Sanofi to lose some of its long-term customers and top-most secrets behind its past and future research and development projects to its close competitors. ...Download file to see next pagesRead More
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