Who They Know Can Help You Land a Job in the Industry
In Deloitte’s “2016 U.S. Life Sciences Industry Outlook” released in January, Greg Reh, the firm’s U.S. and Global Life Sciences sector leader, offered a somewhat encouraging assessment of employment prospects this year: “Despite current economic, political, technological, and social challenges, life sciences companies worldwide should see enough long-term growth opportunities to feel cautiously optimistic about 2016.”
Three such opportunities were identified by recruiting firm Smith Hanley Associates earlier this year: One was candidate movement to smaller biopharmas, which the firm said leads to higher base salaries as companies scramble to offset the loss of long-term incentives given by big pharma. Mergers and acquisitions create jobs for candidates willing to relocate, whereas the growth of big data adds positions for in-house data scientists but also results in project outsourcing to vendors that creates new markets and innovations, Smith Hanley added.
All those trends should mean more work for biopharma recruiters, who match employers with job candidates in significant portions of the industry.
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| The workload of recruiters should increase this year since biotech and other life sciences employers worldwide “should see enough long-term growth opportunities to feel cautiously optimistic about 2016,” according to Deloitte Consulting. |
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