Managing Talent at Lupin Limited

129 The HR President and the Head of Learning and Development of Lupin, were looking with satisfaction at the latest attrition figures of the company. The annualized attrition rate for managers had been showing a steady decline, and was pegged at 12 per cent for the first quarter of 2010-11, much lower than the industry rate of 30-35 per cent1. It had been a long, arduous journey and figures were looking decent for now. However, the HR President knew that this was just the beginning. With competition intensifying in the industry, the war for talent was going to heat up further. He wondered how they were going to manage talent in an industry which was fast-growing, insular, and obsessed with domain knowledge.