Compensation and Benefits Package for a Secretary
A pharmaceutical company has recently hired a new director for its human resource department as part of its initiatives to enhance productivity and organizational success. The company is also seeking to hire a new secretary for the HR department and develop an employee compensation and benefits package for this position. This package will be utilized for the position of secretary for the HR department once a suitable candidate is hired. Generally, pharmaceutical companies hire educated and highly talented individuals because of the nature of their operations, which requires high academic qualifications. In essence, the need for high academic qualifications for this industry is fueled by the fact that these professionals deal with patients whose needs are constantly evolving. The development of a suitable compensation and benefits package for a HR secretary in this pharmaceutical company requires examining compensation and benefits packages in the pharmaceutical industry.
Outlook of the Pharmaceutical Industry
One of the most important steps in designing an employee compensation and benefits package for the new position in this pharmaceutical company is conducting an industry outlook with regards to employee compensation and benefits. The pharmaceutical industry basically employs pharmacists whose main role is to dispense prescription medications to patients and provide expertise with regards to use of these prescriptions safely. Moreover, these professionals offer advice on living a healthy lifestyle, provide immunizations, perform health and wellness screenings, and supervise medications provided to patients (Bureau of Labor Statistics, 2014). In addition to working in a pharmaceutical company, pharmacists can also work in retail pharmacies, hospitals, and clinics.
The Bureau Labor of Statistics projects that employment in this industry will grow by 14% by 2022, which is relatively...
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