Executive search firm ZRG Partners has indicated that medical device employers are the top source for jobs in the global life sciences marketplace.
The company, which has developed a new measurement that tracks life-sciences positions most in demand by job seekers and by which industries, said it sees a trend of more jobs offered by those companies among its New Jersey clients as drug manufacturing declines in New Jersey.
According to a report filed by northjersey.com, the company developed its global hiring index by studying 12,000 jobs posted on the websites of 30 international companies in three industries: drug manufacturers, medical device makers and drug developers outsourced by pharmaceutical companies. Jobs covered by ZRG’s research include positions in research and development, manufacturing, administrative, sales/marketing and regulatory, clinical and quality control.
It has been indicated that posted 46% of the total medical device jobs were offered worldwide, the largest amount in the three industries studied, according to ZRG. And in North America, the companies studied in the index advertised 22% more jobs than pharmaceutical makers between January and June.
Trend
The initial ZRG Life Science Hiring index for Q2 2010 indicates a global hiring level in the sector of 66.77, a baseline number that will have greater relevance in future releases over time.
Regulatory, Quality and Clinical roles were the most in demand hiring roles globally in the Q2 Index with 27.2% of all opportunities in this functional bucket. It appears there is a fight for talent breaking out, with 63% of the opportunities in Regulatory, Quality and Clinical coming from the Outsourcing and Service Sector, signaling an interesting shift of function demand globally for professionals in this area. Medical Device and Supply firms are seeking sales and marketing talent as the top need. For Life Sciences / Pharma, the top area for hiring is in the area General including Accounting, Finance and IT. For all regions, Manufacturing is the lowest functional need.
On a relative size of employee pool basis, Outsourcing and Services has 500% more current hiring then Life Science and Pharma and close to 250% more than Medical Device and Supply. Medical Device firms currently exceed Pharma / Life Science companies as well as Outsourcing in total hiring requirements globally. However, on a size of revenue and employee basis, the Outsourcing and Services segment is showing strong hiring demand in term of current organizational size to new requests, showing the biggest projected growth.
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