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Analysts are predicting that the global life science industry will increase by 12% between 2022 and 2028, due to innovation and growth in the market, but this could be hindered if organisations don’t hire and retain top talent. In order to succeed, businesses need to focus on talent acquisition and increase their chances of hiring the right people. Once the right people have been hired, the focus should be on turning them into loyal, long term employees. Luckily, there are a variety of ways to do this, including focusing on DEI and embracing skills-based hiring.

 

How to Boost Talent Acquisition as a Life Sciences Organisation

 

Focus on Diversity, Equity and Inclusion - Life sciences businesses need to prioritise diversity, equity and inclusion (DEI) strategies in the workplace. Clear DEI strategies and goals are an effective way to attract and retain a wide range of talented candidates, all of which are likely to bring something unique to the team. Hiring managers and talent acquisition teams need to be educated on recognising and avoiding unconscious bias as much as possible. In order to grow and stay innovative, life sciences businesses need to embrace diversity and variety amongst teams.

 

Utilise Skills-Based Hiring - Life sciences businesses that are focusing on skills-based hiring are benefiting more than those who are hiring candidates based on qualifications. In today’s talent acquisition market, skills are just as important. For a lot of technical and specialised roles, skills-based recruitment widens the talent pool, increasing the chances of diverse and experienced candidates being hired. When someone is perfect for a job, they are much more likely to seamlessly fit into the team.

 

Create Employee Pathways - Using HR technology and data gives life sciences businesses the chance to progress employees internally, giving them a clear pathway through the organisation. By prioritising learning and development, businesses can utilise the talent of existing employees by promoting them. Instead of attracting and retaining a new candidate, a business can develop individuals who are already part of the team.

 

Boost Employee Resilience - As is the case with a lot of industries, a lot has changed about life sciences in recent years. Many employees are keen to work flexibility since the changes experienced as a result of the pandemic, and embracing this can help with talent acquisition by boosting employee resilience. With the freedom of working flexibility - this could mean having a four day work week, or working from home part of the week - employees are more likely to stay resilient in the face of industry changes.

 

The ability to acquire and retain top talent is a defining factor in a business success. By implementing these strategies, life sciences organisations can position themselves for growth, innovation and continued success. 

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