Hiring Skilled Talent For Booming Biotech Industry In China
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China Over the past several years, Asia has seen a rapid growth in the field of biotech, which China is amongst the handful of countries at the forefront of this boom.
However, amidst the massive business growth in this field, locating and hiring appropriate and experienced talent has become a tough task. While hiring the services of life sciences search firms in China have helped the recruiters in a significant manner, finding good quality candidates is still a challenge.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China Discussed below are the various factors that make finding the right candidates for the biotech industry in China such a difficult task.
1. Exponential Growth Of Biotech 2. Competition Between Biotech And Pharma
3. Changing Dynamics In Both Fields 4. Lack Of An Established Business Model
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China Exponential Growth Of Biotech : There is no denying the fact that the biotech industry within the country is growing at an extremely rapid pace. This has made it quite difficult to fulfil the massive gap between the demand and supply of skilled professionals in the field. There is a huge void of qualified employees in the numerous biotech start-ups and large pharmaceutical companies operating across the country.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China This has created an almost never-ending demand for skilled experts at every level of employment within the industry. Competition Between Biotech And Pharma : The extensive shortage of talent within the biotech industry has led the players within this field to hire the executives from big pharma companies. This has led to a significant rise in the level of competition within the two sectors, with each the business establishments within each sector focusing on attracting and retaining the best talent.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China In order to ensure the same, the organizations within both sectors are offering unheard of perks and benefits to the most talented candidates to woo them. This has further complicated the situation for the recruiters as well as the candidates. Changing Dynamics In Both Fields :
According to the experts from the international executive search firms in China, the biotech and pharma industry within China is likely to face a transition phase for the next few years.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China The biotech sector is under the constant pressure of attracting capital and attracting the right talent, capable of increasing the credibility of the startups to attract new investors.
At the same time, the pharma industry is undergoing a phase of diversification and expansion, which includes addition and acquisition of generic companies and products to their portfolio.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China This has led to making the available talent within these fields somewhat confused and insecure about shifting jobs at least until the dust has settled in both the sectors.
Lack Of An Established Business Model : Despite the phenomenal growth within the biotech sector, most organizations within the field are not able to provide the prospective candidates with an established business model.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China In fact, most organizations are still struggling with the process of building truly multicultural workspaces, globalizing their brand and optimizing their operations in the international marketplace. This requires the business organizations to come up with major business model innovations that can provide a sense of security and growth to the prospective candidates.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com
Hiring Skilled Talent For Booming Biotech Industry In China It is even more important for the business organizations within the field to focus on the economic realities of tomorrow rather than the minor financial pressures they might be currently facing.
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com