How to Use These 5 Unique Strategies to Build Tech Talent in Your Life Science Company
The last two years have seen an accelerated demand for digital transformation in the life science industry. Due to limited face-to-face contact, the COVID-19 pandemic has put pressure on companies to pivot towards digital channels of communication between healthcare providers and patients. Additionally, supply chain disruptions have highlighted the need for data-driven operations and planning to ensure continuity. Clinical trials are now becoming more decentralized, virtual, and customer-focused than ever before in response to this new reality. These changes are essential in order to stay competitive in a rapidly changing environment.
In order to compete in today’s life science industry, it is essential that your company has a strong tech team. However, building a world-class tech team can be difficult – especially if you don’t have the resources to do so.
Some reasons life science organizations struggle to find and hire the needed talent include:
- Lack of access to recruitment firms that specialize in tech recruiting: Life science organizations are often unfamiliar with the nuances of tech recruiting, making it difficult to find and hire qualified candidates.
- Difficulty adapting to a digital approach: As the industry has shifted towards a more digital focus, many life science companies have had difficulty transitioning their processes and operations accordingly. As a result, they may not be attracting or retaining top tech talent.
- Lack of competitive salaries: Hiring and managing tech teams can be costly for life science companies that typically operate on tight budgets. With shrinking margins due to increased competition, these organizations may struggle to offer competitive salaries that attract top talent.
We’ve put together this blog post which will outline 5 unique strategies that life science companies can use to build tech talent. So, whether you’re just starting out or you’re looking for ways to improve your current recruiting strategy, read on for some helpful tips.
- Leverage Your Network: Building a tech team starts with choosing the right people. Reach out to your professional network, both online and offline – find individuals who are passionate about life science, technology, and entrepreneurship. Don’t forget to tap into international hiring pools as well!
- Offer Competitive Salaries: You’ll need to pay competitively if you want to attract top talent in the industry. Make sure that your salaries are commensurate with market rates; if they aren’t, you may end up losing some of the best candidates out there.
- Create Flexible Working Arrangements: Today’s tech professionals thrive on flexibility so offer them just that! Try providing remote work options, flexible hours, and other non-traditional working arrangements. Doing so will help you attract and retain the best tech talent in the industry.
- Focus on Core Competencies: Hiring for specialized roles can be tricky but by focusing your recruitment efforts on core competencies, you’ll have an easier time finding individuals who are well-suited to your specific needs.
- Invest in Training & Development: Your life science company should provide educational resources and programs that allow tech employees to become more knowledgeable about their craft; this investment will pay dividends down the line as the team grows in expertise.
- Establish skill-based, strategic workforce planning, and recruit tech talent that is best suited to your company’s needs. Utilize other resources such as job boards, blogs, and social networks to reach out to prospective candidates. And finally, don’t underestimate the power of a great recruitment strategy, it could be the key that unlocks top-tier life science tech talent for your organization.
By implementing these strategies, your life science company can build a world-class tech team quickly. Good luck, and happy recruiting!