Trend #3: Wanted: Professionals with Experience in Regulatory Compliance
Regulatory compliance is a critical aspect of hiring trends in biotech and pharma industries. With evolving regulations and a heightened focus on patient safety, companies are seeking professionals with expertise in navigating the complex regulatory landscape. Candidates who have experience in regulatory affairs, quality assurance, clinical trials, and compliance are in high demand to ensure adherence to guidelines and streamline the drug development and approval processes.
Trend #4: Cybersecurity Takes Center Stage
Along with other industries, biotech and pharma companies are increasingly vulnerable to cyber threats. It is therefore imperative to protect sensitive data such as intellectual property, patient records, and drug formulas, as well as ensure the integrity of clinical trials. This means that the need for professionals with an understanding of the unique needs and challenges of the industry is on the rise. In reviewing hiring trends in biotech and pharma, companies are looking for individuals who not only understand cybersecurity and risk mitigation but can also collaborate across departments to ensure company data is protected.
Trend #5: Increased Focus on Diversity and Inclusion
In the 21st century, diversity and inclusion are key priorities for most companies, and that holds true for hiring trends in biotech and pharma as well. Organizations are actively seeking to diversify their work environments, creating inclusive settings that foster creativity and innovation. Another benefit of a diverse workforce is a better understanding of the need of patients and customers.
The Harvard Business Review supports the need for diversity and inclusion in the workplace, stating that diversity drives innovation and market growth. In companies headed by leaders with inherent and experienced differences, the status quo is no longer accepted as the only way to do business, meaning they are open to new ideas and approaches to problem solving. Additionally, diversity leads to more revenue, productivity, and agility.
Trend #6: The Emergence of Artificial Intelligence and Machine Learning
Artificial intelligence (AI) and machine learning (ML) technologies are revolutionizing the biotech and pharma industries. From the discovery of life-saving drugs and the development of clinical trials to enhanced patient care, AI is a game changer. Several companies in the industry are currently focused on adding more team members with talents in AI and ML. Whether candidates have a background in life sciences or are looking for a change, one of the key hiring trends in biotech and pharma is embracing all the current and future capabilities of artificial intelligence and machine learning.
Trend #7: The Growth of Cell and Gene Therapy
Cell and gene therapies represent a rapidly growing sector within biotech and pharma. UC Davis reports that job postings for roles in cell and gene therapy grew 400% between 2019 and 2023, and the desire for employees with specialization in cell therapy is projected to increase 75% in the next two years.
Candidates with these talents can find roles in several areas within biotech and pharma, including regulatory and compliance, QA/QC, and research and development. Everyone from very specialized individuals to technicians and generalists will find employment opportunities increase in the coming years.