CA Chirag Paleja

CFO

India’s pharmaceuticals industry is booming, giving numerous businesses the opportunity to expand and grow capabilities. However, seizing market opportunities requires a strong and dedicated workforce, which needs to be nurtured through a comprehensive employee-centric environment. Today, employment is not just about completing eight hour work days in return for a salary, rather the path to building a career that individuals strive to advance in, becoming experts and leaders in their field, while maintaining a healthy work-life balance to enjoy personal life as well.

Where on the one hand a lot of major pharmaceutical manufacturers struggle to foster an environment where workers not only feel valued, but also eager to grow and advance with the company, the Gujarat based Rosefinch Pharmaceutique, the largest and most advanced pharmaceutical formulating company in the region, with a unit designed as per US FDA standards, is setting the benchmark in employee success. Its holistic view of worker advancement has enabled the firm to be recognized as one of the top pharma startups to work at.

Employee-Centric Practices

Identifying the challenge in retaining the right talent in the right position, particularly in the pharmaceuticals industry, as a result of the complexity and technicality of the job, which demands greater time and energy, Rosefinch takes a proactive approach in designing policies and practices that are motivational for the workers, thereby enhancing retention rates significantly.

Aligned with this objective, the company strives to allocate work such that employees can finish up the assigned tasks within working hours, and do not need to put in extra time consistently. For urgent or last minute tasks that lead to overtime, the firm offers facilities like dinner, snacks, as well as drop offs to the employee’s residence. In addition to these facilities, the firm also compensates for the extra hours by adjusting the same in the employee’s future leave or holiday requirements, thereby ensuring work-life balance for all.

Valuing its employees, the company periodically rewards and recognizes top performers and individuals that go the extra mile towards achieving the organizational goals. Frequent promotions, unlike the industry standard of annual promotions, is a key practice at Rosefinch, which helps the firm ensure that people are being fairly treated at the company, being recognized for their contributions, and leveling up as they level up their performance. This robust system has helped the firm nurture a robust workforce dedicated to advancing in their careers rapidly.

“We at Rosefinch assess employee performance and encourage them for entrepreneurship and also help them propel their career as long as they are working in the organization on a very fast track. We not only develop our people but also encourage them to become future leaders, hence we encourage them to take up various inhouse as well as external training for personal development and the same can be used by them for the development of the origination”, shares CA Chirag Paleja, CFO.

A key practice that sets Rosefinch apart from other industry players is the company’s flat organizational system as opposed to a hierarchical structure. This plays a pivotal role in enhancing worker experience as it fosters open communication, and encourages employees at every level to put forward their suggestions and ideas freely. Through this system, the firm not only motivates a healthy workplace culture, but also opens rooms for tremendous innovation and out-of-the-box ideas, creating a safe space for experimentation, and helping employees unlock their full potential.

“We interact with the team very frequently and are also open for suggestions and improvements required in the work culture. We are open minded and implement any good suggestion immediately which is appreciated by the team and will put us in a better position for employment in the pharmaceutical sector”, further shares CA Chirag Paleja.

Workplace Facilities & Amenities

Beyond career advancement opportunities and a focus on fostering an empowered workforce, Rosefinch Pharmaceutique is equipped with a wide spectrum of amenities and facilities which are designed to cater to the needs of the workers. For instance, the company offers pick up and drop off services for employees as per the need, as well as a bus service which makes commuting easy and hassle-free for all. Apart from that, the company has an inhouse canteen that serves food and snacks beyond mere tea and coffee to nourish the workers and keep them nourished throughout the day.

The company is also furnished with state-of-theart infrastructure as well as all advanced tech solutions that help the teams stay up-to-date with latest industry advancements, and gain all the necessary training for using technology that drives productivity. Through these integrations, the company encourages innovation, and puts the business on the fast track to achieve its targets.

To further enhance the workplace, Rosefinch strives to create a home-like environment where colleagues feel like family members, fostering greater trust and transparency in the team. With indoor and outdoor games that can be enjoyed, the company helps in team building, which not only benefits the firm, but more importantly, supports employees in forming lifelong connections. In addition to these facilities, the company also focuses on security of workers, and as such, has integrated robust safety measures that help ensure all employees are safe at work.

With its comprehensive measures for promoting employee well-being and success, Rosefinch Pharmaceutique, despite being a startup in the field, is giving a tough competition to the biggest players.