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Workforce Trends: Life Sciences

Expertise in Life Sciences
Across many organizations in life sciences today, the skill sets needed to integrate new knowledge is requiring an evolution of traditional job roles. With more than 65 years of experience in deploying the right talent at the right time—Kelly leverages a deep expertise in this vertical to access the sector’s top talent.Consider the insights presented in this quick infographic when evaluating your ... Read More
LS 5 factors engage talent_504x504_150217
Qualified and experienced talent is hard to come by in the life sciences industry—yet it’s the kind of talent employers need to keep operations running. However, recent surveys suggest a large segment of life sciences talent is on the move. According to the 2014 Kelly Global Workforce Index, an overwhelming 63 percent of life sciences workers across the globe intend to look for another job with a ... Read More
LS workforce considerations startups_504x504_150217
The life sciences industry remains one of the fastest growing in the world. With an aging population and a rise in chronic diseases in developed countries, increased access to healthcare in emerging economies, and worldwide concerns over highly dangerous viruses such as Ebola, there’s an unprecedented demand for new, effective drugs and therapies across the globe. Moreover, personalized medicine a ... Read More
LS promote diversity_504x504_150217
Fostering a diverse workplace has many benefits for a company, from creating innovative strategies and products thanks to multicultural input to earning a reputation of being an equal opportunity employer in the job market. However, even when companies adhere to equal opportunity guidelines, it still doesn’t mean that the candidates they attract are representative of a diverse society. Now, in an ... Read More
LS hybrid talent new norm_504x504_150107
In today’s competitive marketplace, life science companies require talent who are skilled in more than one discipline and who possess a variety of specific attributes. In fact, the CSBI’s “Life Sciences Workforce Trends 2014” highlights the need for so-called “professional hybrids,” or professionals who not only possess scientific knowledge, but also the business or soft skills necessary to help a ... Read More
LS outsourcing expertise_504x504_150107
Increasingly, both large and small biopharmaceutical companies are engaging with specialized service providers as partners to their R&D goals. According to Contract Pharma’s “2014 Annual Outsourcing Survey,” this continued rise in consulting and “outsourcing” is due to the sponsor companies’ decisions to focus more on their core strengths. In general, service providers concentrate on one or more s ... Read More
LS wearable tech_504x504_150107
In a recent article titled “Preparing for the digital health revolution,” The Guardian discusses how the convergence of technology and life science will greatly influence the future of public health and healthcare. It highlights how the life science industry has for years sought for a method to personalize medicine to better meet the individual needs of patients; a method that now appears to have ... Read More
LS thought leader attract talent_504x504_150035
According to the 2014 Kelly Global Workforce Index™, 39 percent of life sciences workers consider corporate reputation an important factor when deciding between two jobs. Moreover, 51 percent of global life sciences talent take the opportunity to work with knowledgeable colleagues into account when considering job offers. Clearly, top candidates are attracted to companies they perceive as possessi ... Read More
LS work life retain talent_504x504_150035
Statistics from the 2014 Kelly Global Workforce Index™ show that 69 percent of life sciences talent consider work-life balance an important factor when choosing between two jobs. That’s five percent higher than the global average across all industries. Moreover, the number of life sciences workers taking work-life balance into account when considering a job offer has increased dramatically in rece ... Read More
LS recruit using social_504x504_150035
For new talent, breaking into the life sciences industry can be difficult. For employers—who can’t afford subpar performance—locating top talent entering the field can be equally difficult. As a result, on one end of the talent pipeline there’s new talent searching for ways into the industry while on the other end, there are employers who generally prefer to work with established, proven candidate ... Read More
LS talent formula academic_250x250_A0005
In the United States, Europe and Asia, academic patents—when not licensed to large corporations—form the foundation for many new start-ups based on patented inventions and discoveries that originated at universities and other academic research institutions. The funding for these start-ups differ per region. Asia and the United States have a well-established venture capital tradition. In fact, in 2 ... Read More
LS changing international regulations_250x250_A0005
In August 2104, the Canadian Minister of Health Rona Ambrose announced a pilot project aimed at gathering patient input to assist with the assessment of orphan drugs. However, since Canada’s regulatory framework specifically geared to orphan drugs is still in the making, other life sciences companies must wait on gathering patient feedback on treatments for rare diseases until the so-called Orphan ... Read More
LS challenging talent_250x250_A0005
Especially in the life sciences industry where the costs of bringing a new drug to market are increasing, it’s key to engage and retain good talent in order to reduce expensive turnover. And when a company’s assembled a good workforce made up of qualified individuals, it’s simply good business to foster a work environment that offers them job satisfaction. After all, happy workers are more likely ... Read More
LS holistic approach 250x250
Recent studies suggest that as much as 80 percent of most life sciences organizations’ assets are intangible. Moreover, they’re based on human capital.Of course, this is only logical in an industry where every aspect of developing new treatments, from research and development to testing and compliance, is impacted by the contributions of the professionals responsible for operations. To put it simp ... Read More
LS broader focus 250x250
Not too long ago, top life sciences talent were expected to possess in-depth knowledge of their specific areas within the industry. Biologists, chemists, and other scientists were experts who spent their careers probing deeper and deeper into their respective fields of expertise. But with changing demands in the industry, today’s life sciences workers are required to have a broader focus.According ... Read More
LS innovation attract retain 250x250
In August 2014, BBC News reported that the Michael J. Fox Foundation had entered into a partnership with Intel to equip patients suffering from Parkinson’s Disease with wearable recorders that collect data for use in research. In the current phase of the study, the objective is to analyze the collected data and use it to develop processes that automatically measure movement and sleep patterns for ... Read More
LS SWP mergers acquisitions 250x250
In February 2014, Thermo Fisher Scientific completed its acquisition of Life Technologies Corporation. A month later, in March, Mallinckrodt announced it had acquired Cadence Pharmaceuticals. And in June, Medtronic merged with Covidien, shortly after Covidien acquired Reverse Medical Corp.Mergers and acquisitions are a reality of the life science industry. Of course, these restructurings make good ... Read More
LS engage right talent_250x250
The life science sector continues to grow. In 2012, the total number of people working in the industry was approximately 1.62 million, and the Bureau of Labor Statistics projects an employment growth of 20.4 percent for the life science field by 2020. Moreover, with a relatively high number of patents being approved and the global market’s increased activity, the sector is in dire need of a steady ... Read More
LS opps SF Bay area 250x250
With a projected employment growth of over 20 percent between 2010 and 2020, the life science market place is outpacing other industries. This is great news for the Boston, San Diego, and San Francisco metropolitan areas, the top three life science epicenters in the nation.Interestingly, though the San Francisco Bay Area ranks third on the list, it was the number one hiring location for life scien ... Read More
LS smarter than STEM graduate 250x250
“Are you smarter than a recent STEM graduate?”If you were to ask this question of your employees, most would probably answer affirmatively—and rightly so, if “smarter” in this context means more knowledgeable and experienced in the life sciences field. But if you were to ask those same employees if they felt they needed additional training, you might be surprised by how many responded affirmativel ... Read More
LS 12 years 250x250
Stuffy nose, runny eyes, burning throat. The symptoms are all there: you’re suffering from a bad bout of hay fever. You purchase an over-the-counter decongestant at your local drug store and take the recommended dose. Within the hour, your symptoms have cleared up. Better yet: the treatment only cost you a total $6.49!But do you have any idea how much it cost to develop this decongestant?Recently, ... Read More
LS footsteps in corridors 250x250
It’s not just Boston that’s feeling strong these days. Capturing headlines was the recent news of Boston’s joint venture with four other nearby municipalities (Braintree, Cambridge, Quincy and Somerville) to form a “Life Sciences Corridor.”  This local partnership aims to more robustly attract and foster pharmaceutical, biotechnology and associated life sciences industries to the region through ne ... Read More
LS preventative care IT 250x250
Increasing data transfer and storage availability of in-house innovations that allow for longer or more precise data collection, especially as R&D processes expand their capabilities.Collecting and analyzing primary data directly from research subjects, patients and healthy volunteers by means of ERM, Social Content and eCRF in cloud-based real time apps.Meeting new IT storage and speed requiremen ... Read More
LS IP protection strategy 250x250
A billion dollars. Slightly over, to be precise.That’s what it was worth to Medtronic to keep producing and selling its CoreValve device: a well-received product that—unfortunately for Medtronics—was found to infringe on Edwards Lifesciences’ transcatheter aortic valve replacement patent.Astounding though the sum might seem, when considered in the context of eight years of projected revenue, it su ... Read More
LS orphan drugs 250x250
Achondroplasia. CHARGE syndrome. Multiple Myeloma.A decade ago, if you’d have asked the average person on the street what these diseases were, chances are they would have drawn a blank. But today, the odds are pretty good that people at least know you’re talking about rare diseases.An incredible rise in philanthropic interest, as well as the influence of reality TV and medical dramas, have caused ... Read More
LS FSP pharma 250x250
With the global pharmaceutical industry setting cautious steps on the path to recovery after the financial crisis of 2008-2009, companies face the challenge of finding the right talent to remain competitive without committing financially to an expensive contracted workforce. Though there are other industries where workforce demands are flexible, the pharmaceutical industry is unique because first, ... Read More
LS junior employees HCI 250x250
It’s no news that the global pharmaceutical industry is still recovering from the recent recession. And with the Big Pharma Recession Report 2013 revealing that confidence in the industry is still shaky, it’s only logical that graduates who have just earned their Ph.D.s in the science field and need to pay off student loans are reluctant to commit to insecure career paths.Yet at the same time, pha ... Read More
LS bridge gap pharma 250x250
The first decade of this millennium was rough on the pharmaceutical industry. Governments worldwide allocated less funding to research, existing patents expired, and private companies invested less in research, development and production of new drugs. As a result, many experienced workers lost their jobs and younger workers poised to enter the field opted for different, more secure career paths in ... Read More

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Need help finding the best solution to your workforce challenges in the life sciences industry?
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Need help finding the best solution to your workforce challenges in the life sciences industry?
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