The pharmaceutical industry is a highly regulated and complex field that requires professionals to continuously learn and evolve with the latest scientific advancements, regulatory changes, and market trends. Adopting effective learning strategies, such as attending conferences, workshops, and online courses, reading industry publications, and engaging in peer-to-peer learning, can help professionals stay up-to-date and develop the necessary skills to succeed in this ever-changing industry. According to ResearchAndMarkets.com, the pharmaceutical industry is estimated to grow to over $2.4 trillion by the end of 2029. While learning is crucial for success in this industry, it can also present various challenges.
This blog will explore six common learning challenges in the pharmaceutical industry and provide solutions for overcoming them. From staying up-to-date with rapidly changing industry trends to navigating complex regulations and collaborating with diverse teams, this blog will provide actionable insights for professionals looking to improve their learning outcomes in this dynamic industry.
Solutions to 6 Common Learning Challenges Faced in the Pharmaceutical Industry
Pharmaceutical employees are bombarded with vast amounts of information from various sources, such as scientific journals, industry reports, and regulatory guidelines. It can be overwhelming for them to manage all the information effectively.
Solution: To address this challenge, employees can use knowledge management tools such as document management systems, eLearning platforms, and online libraries to organize and manage information effectively.
Pharmaceutical employees often have busy schedules with little time for learning.
Solution: To overcome this challenge, they can leverage technology to access learning materials anytime, anywhere. Online learning platforms, podcasts, and mobile learning apps provide flexible learning options for busy schedules.
Pharmaceutical companies must adhere to strict regulatory requirements, and employees need to be aware of these requirements every time there are changes in these.
Solution: Compliance training is essential for employees to understand and comply with regulations. Employers can release training sessions from time to time as per the compliance updates by making training programs that are engaging, interactive, and relevant to the employee’s role.
Limited Access to Experts
In the pharmaceutical industry, employees need access to subject matter experts to answer questions and provide guidance. However, limited access to experts can hinder learning.
Solution: Companies can use mentoring programs, coaching, and virtual expert sessions to address this challenge to give employees access to subject matter experts.
Pharmaceutical companies are adopting novel technologies, including artificial intelligence, machine learning, and big data analytics. However, some employees may not be familiar with these technologies, hindering their ability to learn and apply them.
Solution: To address this challenge, companies can provide training on emerging technologies, offer upskilling programs, and establish a culture of continuous learning.
Lack of Motivation
Some employees may lack the motivation to learn for various reasons, such as lack of interest, relevance, or recognition.
Solution: To overcome this challenge, companies can create a learning culture that fosters continuous learning, provide recognition and rewards for learning achievements, and make learning materials relevant to the employee’s role and interests.
4 Methods to Revolutionize Learning Within the Pharmaceutical Industry
Pharmaceuticals stand out as the industry where innovation has the most profound impact on people’s lives. As business leaders in this field, supporting all employees, whether working remotely or not, is crucial, which can prove challenging.
Here are four strategies for revolutionizing learning in the pharmaceutical industry.
Adopt Modern Work Practices
Pharmaceutical companies have diverse stakeholders to support, ranging from office personnel to medical professionals and frontline workers. As a result, these companies must cultivate an environment that encourages ongoing learning and empowers learners with autonomy. As each individual learns at their own pace, aligning their learning goals with the organization’s objectives is important. The pharmaceutical teams must re-evaluate their current work practices and explore innovative methods of providing learners with on-demand resources that cater to their learning requirements.
Future-proof Learning with the Help of Data and Business Intelligence
To ensure future readiness, adopt effective learning strategies that are data and business intelligence driven. Moving away from perception-based methods and towards evidence-based approaches is essential for any transformation to succeed. Pharma organizations that embrace a data-driven approach are more likely to create a culture of learning. Unfortunately, many pharma companies need to catch up regarding data collection. Learning and Development (L&D) professionals must prioritize this task and focus on learning time, application, and preferred methods. Doing so, they can better understand what and how people are learning. Investing in data analytics tools to identify learning needs and measuring the impact of learning is crucial for success.
Enhance Performance through Self-directed Learning
The L&D teams in the pharma industry need help to keep pace with the rapidly evolving digital technologies. Due to low budgets, L&D teams must explore innovative ways to reach their learning audience. To address this issue, a self-directed and blended approach can be adopted. Self-directed learning allows individuals to take charge of their learning and development.
Shift from In-person to Online Learning
Digital transformation is an extensively discussed topic, and its significance in revolutionizing learning design and delivery must be considered. Roland Berger’s global consultancy report suggests that the pharmaceutical industry is advancing its digital transformation faster than anticipated. The report highlights that artificial intelligence (AI) may take over 20% of medical services by 2025. L&D leaders in the pharmaceutical industry are grappling with their employees’ ability to take charge of their learning, primarily because of excessive dependence on classroom training. Furthermore, there seems to be a narrow perception of what constitutes “real” learning, where managers only allocate time for training when it involves traditional classroom settings. Approximately half of L&D leaders in the pharma sector are confronting this challenge. Therefore, there is a pressing need for pharma L&D to modify their approach and transition towards a more digital-centric mode of delivery.
The pharmaceutical industry constantly evolves with new technologies and regulations. As a result, employees in the industry need to update their knowledge and skills to remain competitive continuously. However, the pharmaceutical industry faces several learning challenges that can hinder employee development and growth. Employers can overcome these challenges by leveraging technology, providing engaging and relevant training programs, creating a learning culture, and providing access to subject matter experts. By utilizing effective learning strategies to address these challenges, employees can stay competitive, improve their skills, and contribute to the company’s growth.