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An Exploratory Study of Sanofis Strategy on Employee Retention

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

Summary

To attract and retain valuable employees in Sanofi, the Human Resources Department of Sanofi has been committed in taking care of their valuable assets. In line with this, the company is providing their staff with a rewarding work environment and offering them with competitive remuneration packages and benefits on top of extending equal opportunities for further training and career development…

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An Exploratory Study of Sanofis Strategy on Employee Retention

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Subject: Management
Type: Essay
Level: Masters
Pages: 45 (11250 words)
Downloads: 4
Author: lebsacknoemy

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The baby boomers, generation X and generation Y employees are most likely to stay loyal to the company provided that they are happy and satisfied with their current job. To improve the existing employee retention strategies of Sanofi, this study highly recommends the need to explore the advantages of work-and-life balance. By offering work flexibility arrangements such as work from home, flexitime, and job sharing, the company can have more power in attracting more highly promising and highly competitive employees from generation Y.

Sanofi is 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 (Sanofi 2012a, b, c, d).

Since 1999, Sanofi managed to establish offices in almost 110 countries around the world (Sanofi 2012g). 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 (Sanofi 2012d, g). 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 (Sanofi 2012e, f).

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