Zeneca PLC is a global pharmaceutical and biologics company headquartered in London, United Kingdom. It is the world’s seventh-largest pharmaceutical company measured by revenues and has operations in over 100 countries. It has a portfolio of products for major disease areas including cancer, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation. Zeneca PLC has a significant presence, identifying the company’s local impact in terms of spending, jobs and economic prosperity. During 2009, the company’s total contribution to wealth creation was £4.1 billion, and it supported 30,000 jobs, including the employment of 11,000 staff directly which accounts for 15% of the jobs in the UK pharmaceutical industry. The company investment in R&D was £1.1 billion, a 49% increase in 2004. The direct exports were £5 billion representing about 2.2% of the UK total exports of goods. The company recruits every year research fellows and associates from all over the country on contract basis. During this appointment, the staff get more training opportunities to develop as Research and Development Specialists. The company usually invests a lot to develop the young professionals in the area of research and development. After the selection, the young research fellows have to undergo training in the specialized field sand thereafter, they are exposed to the real work environment. It is the belief of the company that the staff members of Zeneca should have high confidence levels in their work contribution before they are exposed to the real work environment. The senior scientist’s support to the junior level is well observed in the company in their empowerment. The work culture of Zeneca Company is well appreciated by the world in their attrition rate and better HR best practices. Ms. Rusina was one of the top performers in Applied Chemistry in one of the leading Science and Technology Universities in Bangladesh. Her intellect and approach to applied chemistry was well appreciated by her Professors in her University. She applied to Zeneca PLC, and got a job as a Research Fellow for a period of two years extendable up to four years in their scientific research centre, London. This centre particularly concentrated on medicine and new product development. The research centre has many areas of specialization in medicine to fight diseases on several therapeutic areas. Ms. Rusina was appointed in such a research centre that was developing medicine to cure some types of killer diseases, like cancer. Though the company was not a paymaster, it gave a reasonably good salary to the staff members. For Ms. Rusina, as a new graduate, the research centre offered $3500 as salary. The salary was enough for Ms. Rusina to manage her expenses and get more experience in the area of research and development. The company put a pond of two years for Ms. Rusina, so that it might get a better return of investment on her recruitment. Considering, the bond aspect, less salary and compulsion to work for two years Ms. Rusina decided not to accept the job offer. 1. Is Ms. Rusina’s decision correct? Give your support.
Zeneca PLC is a global pharmaceutical and biologics company headquartered in London, United
Kingdom. It is the world’s seventh-largest pharmaceutical company measured by revenues and
has operations in over 100 countries. It has a portfolio of products for major disease areas including
cancer, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation.
Zeneca PLC has a significant presence, identifying the company’s local impact in terms of
spending, jobs and economic prosperity. During 2009, the company’s total contribution to wealth
creation was £4.1 billion, and it supported 30,000 jobs, including the employment of 11,000 staff
directly which accounts for 15% of the jobs in the UK pharmaceutical industry. The company
investment in R&D was £1.1 billion, a 49% increase in 2004. The direct exports were £5 billion
representing about 2.2% of the UK total exports of goods.
The company recruits every year research fellows and associates from all over the country on
contract basis. During this appointment, the staff get more training opportunities to develop as
Research and Development Specialists. The company usually invests a lot to develop the young
professionals in the area of research and development. After the selection, the young research
fellows have to undergo training in the specialized field sand thereafter, they are exposed to the
real work environment. It is the belief of the company that the staff members of Zeneca should
have high confidence levels in their work contribution before they are exposed to the real work
environment. The senior scientist’s support to the junior level is well observed in the company in
their empowerment. The work culture of Zeneca Company is well appreciated by the world in their
attrition rate and better HR best practices.
Ms. Rusina was one of the top performers in Applied Chemistry in one of the leading Science and
Technology Universities in Bangladesh. Her intellect and approach to applied chemistry was well
appreciated by her Professors in her University. She applied to Zeneca PLC, and got a job as a
Research Fellow for a period of two years extendable up to four years in their scientific research
centre, London. This centre particularly concentrated on medicine and new product development.
The research centre has many areas of specialization in medicine to fight diseases on several
therapeutic areas. Ms. Rusina was appointed in such a research centre that was developing
medicine to cure some types of killer diseases, like cancer. Though the company was not a
paymaster, it gave a reasonably good salary to the staff members.
For Ms. Rusina, as a new graduate, the research centre offered $3500 as salary. The salary was
enough for Ms. Rusina to manage her expenses and get more experience in the area of research
and development. The company put a pond of two years for Ms. Rusina, so that it might get a
better return of investment on her recruitment. Considering, the bond aspect, less salary and
compulsion to work for two years Ms. Rusina decided not to accept the job offer.
1. Is Ms. Rusina’s decision correct? Give your support.
2. What is your opinion about the rewards management systems influence the motivation of young graduates based on the above situation?
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