Steering into the Wind: Future-proofing Your Talent Strategy for the Life Sciences Industry

3 Jul 2024
by Lokesh Goyal, Soumya Bansal, Anshika Anand

The life sciences industry is transforming rapidly, with increasing focus on personalized medicine, genetic engineering, and advances in biotechnology. This transformation necessitates the creation of cross-functional roles, combining traditional fields such as biology and chemistry with computer science and engineering.

To address rising talent shortages, life sciences organizations are shifting toward skill-based hiring, collaborating with educational institutions, sourcing talent through non-traditional methods such as direct sourcing, creating impactful Employee Value Propositions (EVPs) to attract and retain top talent, and leveraging Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) providers to build a dynamic and flexible workforce.

In this viewpoint, we explore strategies that life sciences organizations can adopt to future-proof their talent acquisition and management approaches to thrive in this dynamic landscape.

Scope

  • Industry: life sciences
  • Geography: global

Contents

In this report, we explore:

  • The life science industry’s evolving talent landscape
  • Transforming talent needs
  • Emerging challenges and key trends in acquiring and managing talent
  • Approaches for future-proofing talent strategies

Membership(s)

Contingent Workforce Management

Contingent Staffing

Recruitment

Sourcing and Vendor Management

 

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