Why Biotech Companies Need Specialized Staffing Consultants

Every company wants to hire the best people - but this is easier said than done. Many businesses struggle to identify the right candidate or they’re simply unable to attract enough applicants in the first place.

In the biotech industry (which is already complex on its own), candidates must have highly-specialized experience and skills that are very hard to come by. Therefore, sourcing employees in this sector is much more challenging than it is in other industries.

This is why biotech consulting specialists are such an important piece of the puzzle - they can help your organization thrive in these challenging times.

Key Benefits OF Biotech Consulting 

Surrendering control of your recruitment efforts to a biotech consulting agency specialized in staffing comes with several advantages, including:

1. Access to high-quality candidates

Due to their connections and deep market expertise, biotech consulting specialists can consistently connect organizations with candidates of the highest caliber. For example, they know what qualities and technical skills your organization requires and they’re able to source applicants regardless of whether they are actively looking for a new job or not. 

In short, a biotech recruiter will be able to present you with carefully vetted candidates who are perfectly aligned with your needs, even in times of severe employee shortages. 

2. Acquire up-to-date market knowledge

If recruiters want to remain relevant, they need to stay on top of the latest developments in the industry they’re recruiting for and the latest trends in recruiting. 

Due to this fact, they are always able to help you make adjustments to your process and advise you on changes that can positively impact your hiring practices.

One example is salary benchmarking. A biotech consultant will be familiar with the rates in the industry and the ones provided by your competitors. As a result, they’ll help you tweak your benefits and salary packages to increase your chances of attracting new talent, as well as retaining those who are already a part of your company. 

3. Easy way to build your network

The biotech industry is projected to grow by 5% by the end of the decade. However, the downside to expected growth is that the demand for top talent will drastically outgrow the supply. 

This is incredibly challenging for new biotech companies which are trying to find their footing in the industry and are in severe need of high-quality personnel. It doesn’t help that biotech experts who are currently filling senior positions won’t be actively searching for new opportunities. Hence, since small companies have to rely on job advertisements that are largely ineffective, they aren’t likely to attract top talent.

Fortunately, biotech consulting firms that specialize in recruiting already have a network of professionals who are willing to say yes to a change in scenery and could potentially be swayed by a good offer. 

Ultimately, smaller companies without many connections can leverage the network of their recruiter, find high-level talent, and start making their mark. 

4. Time and money savings

It takes a lot of time, effort, and money to hire a new employee. In small companies, this can prove to be detrimental to the overall productivity due to limited resources - financial and otherwise. 

When it comes to biotech companies, the situation is even worse. Studies have shown that the biotechnology industry hiring process lasts 28 days on average (fourth highest out of all industries).

It’s also worth mentioning that teams in biotech are rarely good at recruiting. This will most likely have a negative impact on your staffing situation as poor handling of the recruitment process will turn off top talent. For instance, it’s not uncommon to lose a candidate due to an inefficient hiring process.

At the same time, organizations that do manage to hire a new employee run the risk of recruiting a candidate who doesn’t fit the company culture. In the end, they end up being a liability or jump ship as soon as they are onboarded - wasting time and money in the process. 

With biotech consulting, it’s possible to attract candidates significantly faster than it would take you to do internally. More importantly, recruiters are highly proficient at screening candidates and shortlisting, so they can spot a bad candidate from a mile away. This helps minimize the chances of dealing with high turnover while also speeding up the entire process without affecting productivity levels in your company. 

5. Scalability

Not all companies have the same hiring goals. Some may need to hire an entire team en masse, others may require a specific person to fill a CEO role, and some only need to supplant their current workforce with temps to complete a project. 

Whatever the objective is, biotech consulting recruiters can customize their services in order to meet the demands of their clients. 

Let’s say you’re working under strict deadlines and need a team to support your expansion - a recruiter can scale up their resource requirements to deliver exactly what your organization requires at that particular time. Moreover, they can also solve your staffing issues and drastically minimize employee turnover as they’ll be able to support you whenever staffing challenges inevitably arise.

Whatever happens, you can always rely on your biotech consulting specialist for support.

Get The Support You Need Now

Here at Griffin Global, we have the required industry knowledge and use state-of-the-art technology to meet the demands of our clients. Most important of all, we have spent years building a large network of candidates and clients from the biotech industry that we draw upon at a moment’s notice.

Because of this, recruiters from Griffin have all it takes to successfully connect you with experts and widen your hiring pool, regardless of who you’re looking for or the size of your organization. 

Reach us through our contact form or call (855) 747-4334 and get the support you need to beat any challenge in recruiting that comes your way.