Our approach to executive search amidst a hiring boom in Life Sciences during COVID-19
The majority of the core market sectors we work within at G&E Partners have continued to be greatly affected by the challenges posed by the coronavirus pandemic.
Perhaps even more so than others, the Life Sciences industry has been put under significant pressure as global organisations bolster their resources to lead the way in generating a cure for COVID-19.
With medical products, therapeutics and vaccines in higher demand than ever before, businesses in life sciences, from early start-ups to big pharmas are working harder than ever before to speed up their typical processes.
Add this to the existing challenges that established biotech companies have to manoeuvre in their lifecycles, such as VC funding models, skills shortages and big data capitalisation; it is no surprise that the sector is incredibly busy.
With new challenges and programmes to consider, it is inevitable that these companies are now looking to attract and retain talented candidates at all levels of seniority to ensure continuity both now and in the long term future.
Executive search in Life Sciences during COVID-19
While expectations on the medical sector as a whole have risen exponentially this year, the limitations that businesses have faced have remained the same. Social distancing, remote working and reduced lab capacity have all proven to create obstacles.
Despite this, the life sciences sector has seen growth in the last quarter as a direct result of increased workload related to curing this worldwide disease.
Where recruitment is concerned, we are now seeing a shift in efforts as businesses of all sizes look to onboard the strongest candidates worldwide in order to play their part in research, management and testing.
Although it seems easier for businesses to openly search for qualified candidates in specific fields, careful consideration needs to be made to attract highly-skilled individuals who are the right fit for the company. It is known that organisations with superior, more robust recruiting practices outperform those with less effective programs.
The G&E Partners approach to executive search in Life Sciences
We take an active approach to our executive search campaigns in Life Sciences, focusing on talent management for both our clients and candidates.
Our tried and tested methods have given us success across VC Funded Start-ups, Pre-IPO Biotechs and established public companies in the Biotech and Pharmaceuticals industries. When it comes to an executive search campaign, we ask the following:
- As business models change, how can you ensure that new hires will fit your culture?
- As your business pivots into new innovative therapeutic areas, how will you find best-in-field specialists?
- How will your business compete locally and manage globally?
- How does your dynamic biotech or start-ups attract staff in such a competitive market?
- As a candidate, how do you choose between larger pharmaceutical companies or smaller biotechnology companies in order to best advance your career?
Working on a retained basis with our clients, we have been able to meet the increasing hiring requirements in the Life Sciences sector during the COVID-19 crisis, placing top-performing candidates with leading businesses globally.
For help sourcing top talent in the Life Sciences sector during the coronavirus pandemic, please get in touch with us today.