When it’s time to add talent to their teams, today’s labor market creates a lot of headaches for life science companies. There are a number of challenges when hiring today—from identifying and accessing talent to negotiating with them and attracting them to join your team. Each of the various talent acquisition challenges that life science companies face in today’s market require time to solve.
When you are busy growing your company, time is not something you have in abundance. Consequently, the solution for most companies is to outsource the recruiting process. However, it’s important to find a search firm that understands the unique and difficult challenges your industry faces.
Here are a few of the advantages to selecting a specialized search firm that focuses exclusively in the life science industry for your next life science hire.
Access to the Best Candidates
With a historically low unemployment rate, most of the candidates you want to talk to for your life science vacancy will be employed at another company. Many of these candidates will qualify as passive candidates.
Passive candidates are professionals who are not actively seeking a new job, but are open to hearing about possibilities. Passive candidates are often the ideal candidate for your company to speak with but, as they are not actively looking for a new job, they won’t organically apply to your open position. That’s where the specialization of a search firm can be so valuable.
A search firm that is specialized in the life sciences industry has relationships with an abundant network of professionals, which can lead them to passive candidates who are high performers with the specific skills and experience you need. If these passive candidates aren’t contacted by a search firm, they would never learn about the opportunity with your company. Many hiring managers are surprised to learn that most of the prospective candidates in the industry are not even aware of their company. A specialized search firm is regularly in direct contact with passive candidates who will fit your needs and they know where to look and how to find other passive candidates that they don’t speak with regularly.
The life science industry is vast. While both medical device companies and biopharma companies exist in the life science space, there is a tremendous difference between those two types of companies. Another benefit of partnering with a search firm that works exclusively within life sciences is that their industry expertise makes them keenly aware of the unique challenges your company faces.
Specialized recruiters spend their days speaking with life science business professionals. Through these conversations, they absorb a great deal of industry knowledge. These recruiters know how to speak the language of the life science world and understand the precise career paths within each functional area of the industry. Their industry expertise enables them to present you with a more robust panel of candidates to fill your needs faster.
One of the benefits of working with Marcus & Associates is that Marcus & Associates takes specialization to the next level through functional teams. Marcus & Associates understands how different the required skill set is for a qualified product development manager versus a compliance officer. The functions within the life science industry have unique needs, and their searches deserve to be led by recruiting professionals who spend all of their time working in their function.
That’s why Marcus & Associates has structured the firm into functional areas. The team conducting your search at Marcus & Associates focuses not only on the life science industry, but also on the type of position that you are seeking to fill. Marcus & Associates has seven teams divided into the following functional areas:
- Research and Preclinical
- Clinical and Medical
- Product Development and CMC
- Regulatory Affairs, Quality, and Compliance
- Manufacturing and Technical Operations
- Human Resources and Corporate
Looking for Life Science Talent
Are you looking for life science talent? Contact Marcus & Associates today.