An Exploratory Study of Sanofis Strategy on Employee Retention Essay

An Exploratory Study of Sanofis scheme on Employee Retention - Essay Example12 a.2 Talent Management, Succession Planning, and the Integration of Learning and instruction with Employee Relations 13 a.3 Competitive Remuneration and Reward Strategies 16 a.4 Maintaining the Goodwill of the Company 18 a.5 in force(p) Leadership and Management Style 19 a.6 Work Flexibility and Work-and-Life Balance ... 21 III. Research methodology . 24 a. Framework of the Research check out 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 fir m that is analyzed in the paper is Sanofi, a global pharmaceutical company that is attached in discovering, developing and distributing a wide-range of therapeutic products such as vaccines that could protect the immunized individuals against 20 unalike infectious diseases and medicines that could effectively solve health problems related to atrial fibrillation, atherothrombosis, cancer, cardiovascular diseases, diabetes, central nervous organization (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 exceedingly committed professional staff that aims to provide healthcare solutions to healthcare professionals and patients worldwide. To attract and retain its employees, t he company dramatize care of their valuable assets by providing their staff with a rewarding work environment, offer them with competitive recompense packages, and provide them with equal opportunities for further training and career development. Failure to satisfy the specific needs and wants of Sanofis current employees could increase the risks wherein its employees could be easily pirated by another similar company. In the long-run, having a purposeless 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 seek and development projects to its close competitors.