I've had people turn down jobs at other companies with higher salaries to work with our group because they were looking for challenging work and opportunities for growth that would help their careers.
We need exceptional talent now to stop business decline. The pharmaceutical industry is going through a tough patch. Some leaders take the pessimistic path, focusing on what they can't do because of their budgets. I see this as the time where we need creativity. We can't afford to do things the way we used to.
Employees who are engaged in their careers and whose success is aligned with that of the company will help us to reform time-wasting activities, processes or systems. They'll help us to figure out which of the things we do that are really important.
Karan Sorensen is VP and CIO at Johnson & Johnson Pharmaceutical Research & Development and a member of the CIO Executive Council.
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