The Future of Biotech Talent Acquisition: Trends and Predictions for 2024
Summary
The global biotechnology market was estimated at $1.37 trillion in 2022, with an expected compound annual growth rate of 13.96% between 2023 and 2030. As the industry continues to evolve at an unprecedented rate, talent acquisition professionals within the life science industry face unique challenges when it comes to attracting and retaining the top talent needed to propel this growth.- Author Company: PharmiWeb.Jobs
- Author Name: Lucy Walters
- Author Email: Lucy.Walters@pharmiweb.com
- Author Website: https://www.pharmiweb.jobs/
The global biotechnology market was estimated at $1.37 trillion in 2022, with an expected compound annual growth rate of 13.96% between 2023 and 2030. As the industry continues to evolve at an unprecedented rate, talent acquisition professionals within the life science industry face unique challenges when it comes to attracting and retaining the top talent needed to propel this growth.
In 2023, the industry underwent a huge amount of change; with rapidly evolving technologies, increased competition for talent, a shortage of skilled professionals and political and economic uncertainty representing new challenges in the hiring process. To overcome similar challenges in 2024, you’ll need to arm yourself with the knowledge of what’s to come to refine and optimise your hiring efforts.
In this article, we explore 4 continuing and emerging trends that you should expect to see in 2024, helping you to navigate recruiting within the fast-paced and demanding world of biotech.
