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The global clinical trials market size was valued at USD 80.7 billion in 2023 and is projected to grow at a CAGR of 6.49% from 2024 to 2030. Despite this anticipated growth, the clinical research industry has faced huge challenges over the past year, largely driven by political and economic turbulence.
In this guide, we explore the essential steps and considerations for you to keep in mind when searching for and selecting candidates for the role of pharmaceutical account manager.
In the rapidly evolving world of pharmaceutical sales, finding the right candidate to excel as a sales representative can be challenging.
The global biotechnology market was estimated at $1.37 trillion in 2022, with an expected compound annual growth rate of 13.96% between 2023 and 2030. As the industry continues to evolve at an unprecedented rate, talent acquisition professionals within the life science industry face unique challenges when it comes to attracting and retaining the top talent needed to propel this growth.
Strengthening your employer brand through thought leadership is valuable for several reasons. Firstly, it will allow your organisation to establish itself as a trusted authority in the life science industry. You can position your company as a go-to source for industry knowledge and expertise by consistently sharing valuable insights, research findings, and thought-provoking content. This enhances your reputation and builds credibility and trust amongst potential candidates, employees, patients, and other stakeholders.
As a recruiter or hiring manager in the life science industry, it’s crucial to remain objective and impartial during the hiring process to build a diverse and inclusive workforce that brings together a wide range of perspectives and experiences. Biases in the hiring process, whether conscious or not, all too often lead to talented candidates being overlooked, and missing out on opportunities that should be equal for all.
83% of employees feel that recognition affects their motivation to succeed at work, and 77.9% feel they would be more productive if they were recognised more frequently. As well as improving overall productivity, employee recognition plays a crucial role in fostering a positive work culture, boosting employee morale, and creating a supportive work environment.
As a life science recruiter or hiring manager, posting your jobs at the right time is crucial for several reasons. First and foremost, it increases the visibility of your job postings. By strategically timing your posts, you can ensure that they appear at the top of search results when candidates are actively searching for new opportunities.
Artificial Intelligence (AI) has proven to be a game-changer for life science recruitment, opening up access to a wide range of tools designed to streamline and enhance the hiring process.
In today’s competitive job market, traditional hiring methods often struggle to keep pace with the evolving needs of the life science industry. Faced with an ever-increasing talent shortage, now is the time to explore new approaches to talent acquisition that will help to expand your talent pool, streamline your recruitment process, and improve employee engagement and retention.
