The demand for talent in Life Sciences professions has never been higher. Managers and talent professionals need to be creative in attracting this talent in the current candidates market.
In a survey of over 125 Life Science organisations, 94% of responding companies have hired employees within the past 12 months. 86% of respondents anticipate expanding their employee headcount across major functional areas during the next 12 months. R&D and Quality were most frequently mentioned as functional areas targeted for increased head count.
Jobs of the future will just barely resemble those that are carried out today. While the outcome will be the same, if not better, the way that work gets done will be completely reimagined to be more innovative, more efficient and incorporate new technologies that have yet to be developed.
Forty-seven percent of today’s jobs might be gone in the next 10 years, including 20 percent of assembler jobs in manufacturing
With the War for Talent tougher than ever, leaders must find ways to stand out from their competitors to attract top talent and offer a stable but challenging environment to retain the workforce they have.
83% of manufacturing executives offer higher pay to attract and/or retain skilled workers.
66% of manufacturing executives see skilled workers leave to accept outside positions that offer higher pay.
Three-quarters of manufacturing companies offer high pay to skilled workers to retain them and an additional 8% offer signing bonuses
Demand for talent will show no signs of stopping in the coming years. As new jobs emerge there will be a significant deficit in the availability of qualified talent to fulfill those roles.
With the U.S. economy, manufacturers face a projected shortage of 2.4 million employees over the next decade. 2.6 million baby boomers are expected to retire from manufacturing jobs over the next decade.
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