Impact of Employee Participation in Productivity Effectiveness in Pharmaceutical Industries and Clinical Research Organizations

Abstract

Pharmaceutical Industries and Clinical Research Organizationsare among the leading uplifters of the world’s economy.Though the concept of employee participation gained its significance only around a couple of decades ago,its contribution to the pharma industryis enormous. Many pharma and Clinical Research Organizationsindustrialists across the globe have fathomed the intangible coherence between employee participation and success.Employee engagement is one of thekey drivers that acceleratesthe organization’s productivity and efficiency.Itdirectly influences the worker’s performance and his association with other employees and the organization. Organizational identification is another vital element of employee participation that measuresthe degree to which an employee identifies himself with his organization. Based on many research results, many employees who have better identified their association with their organization have showed outstanding performance toward their work. This study is aimed to illuminate the various factors that emphasize on the importance of employee participation in pharma and Clinical Research Organization domains. The key elements scrutinized in this study help in identifying the entities that will enhance employer-employee bonding to achieve commercial goals in the global pharmaceutical landscape.