Research and Development continues its strong growth rates in the second quarter, jumping 55 percent from Q1 levels. Regionally, the America’s showed the biggest change in the index this quarter,outpacing Asia Pacific and EMEA with a 27.6 percent increase in total job opportunities. In real terms, over 2,000 additional jobs were posted from index companies in the America’s alone. The Outsourcing and Services sector posted a 42 percent increase in total job opportunities, standing out as the biggest gainer in new jobs by percentage during the quarter. The sector also had a stellar quarter for new investment from the Private Equity side as well, showing optimism on several fronts in this area.
What‘s Not ?
The Asia Pacific region slowed down in Q2 and was the only area not to post double digit increases in total hiring opportunities. While still increasing, the level dropped to 2.0% growth in the quarter from all sectors reported. Could the demand for Regulatory, Quality and Clinical talent finally be balancing? After four straight quarters of growth in the index numbers for this function, Q2 saw a 11% decrease in demand for talent in this area, indicating perhaps past recruiting efforts have succeeded and now companies are adequately staffed up to deal with the new requirements in this area.
About the Global Life Science Hiring Index
The index utilizes a proprietary algorithm that looks at confidential hiring within selected benchmark companies in three distinct segments: 1) Life Sciences / Pharmaceutical 2) Medical Devices and Supply 3) Outsourcing and Services. The indexed participants represent 30 global organizations widely considered leaders in their respective fields. The companies in the index generate over $634 billion in revenues and employ over 1,300,000 people globally. The ZRG Partners research team conducts extensive direct market research in developing the data that drives the index.
MEDICA.de; Source: ZRG Partners