Why Pharma Sales Talent Keeps Switching Jobs
Why Pharma Sales Talent Keeps Switching Jobs The Indian pharmaceutical industry is thriving, but one challenge refuses to go away—attrition in sales and marketing teams. While overall attrition in the sector is expected to be around 17.1% in FY25, sales and marketing roles often see a staggering 25–35% turnover. This constant churn drains companies of resources, knowledge, and momentum. So, why do pharma’s frontline brand ambassadors keep switching jobs? The Salary Hike Trap Money is a strong motivator. A 20–30% pay jump from a competitor is hard to resist, especially in a market where talent is in high demand. Even though pharma companies are offering some of the highest salary increments (around 9.5% projected for FY25), aggressive poaching often wins. But focusing only on pay hikes oversimplifies the issue. The Manager Effect The real game-changer is the relationship with the immediate boss. A supportive manager who guides, motivates, and invests in their...