ROCHELLE PARK, NEW JERSEY (May 22, 2017) – ZRG Partners has announced their findings for the first quarter Global Life Sciences Hiring Index. Hiring activity during Q1 2017, bounced back, posting a 31% year-over-year increase this quarter after two straight quarterly declines, nearly reaching historical peak levels.
Taking a glance at the major geographies, for Q1 hiring, EMEA and APAC are showing strong growth, doubling this same quarter two years ago. Medical Device global hiring is up 80% from last year’s Q1, while BioPharma jumped 30%. Sales and Marketing as well as Technical Manufacturing also posted large gains comparatively to Q1 2016.
ZRG European President and Global Practice Head of Life Sciences, Adam El Din commented, “Another important trend that we are seeing is more companies being open to hiring people outside of Life Science industries that might have a P&G, Nestle or other consumer background in particular in commercial positions They want to cross-pollinate and bring the consumer speed of execution and launch to the business.”
David Fortier, Managing Director – Global Life Sciences added, “While the overall economy shows modest, even plodding growth, demand for talent remains strong across Life Sciences with European markets beginning to match what has been seen in North America the past two years. The progress of exciting new science will require many more technical and commercial leaders experienced bringing new products to market.”
The Global Life Sciences Hiring Index analysis utilizes a proprietary algorithm that looks at hiring within selected benchmark companies in three distinct segments. The companies in the index generate over $640 billion in revenues and employ over 1.3 million people globally. ZRG Partners conducts extensive direct market research in developing the data that drives the Index.
For press requests or for permission to use this data in other media form, contact Adam El Din, European President and Global Practice Head of Life Sciences in Switzerland at +41-22-319-3304 or David Fortier, Managing Director in the USA at +1-202-525-1341. For more information about ZRG visit zrgpartners.com