The first quarter of 2013 showed overall higher levels of demand for Life Sciences talent globally as the ZRG Index edged up to 82.8, an 8% increase over year end levels. New job opportunities increased broadly across Europe and the Americas, while the number of opportunities in the Asia Pacific region fell 23% in the quarter.
The year 2012 ended with two straight quarters of decline in the ZRG Partners Global Life Sciences hiring index, closing 2012 at a 76.5% level. While the index was essentially unchanged from Q4 2011, there were some interesting shifts in where new jobs are being sought and the job functions that are now in demand.
ZRG’s Global Equipment Leasing and Asset Finance Hiring Index is showing a continued slowdown in hiring demand rolling over from last quarter. After a third quarter drop of 11% in hiring demand around the world, we are seeing more of the same in the fourth quarter with an additional drop of 13% in hiring as the index ended at 55%, down from 67%.
After four straight quarters of moderate growth in hiring demand, the ZRG Global Life Sciences Hiring index posted a 12.1% decrease, ending the quarter at 77.2%. This appears to be a repeat of 2011 trends, when the second quarter numbers were the highest, followed by end of the year hiring austerity driving down new job opportunities in the third quarter.
The ZRG Partners Equipment Leasing and Finance Hiring Index showed a 28 percent decrease in hiring demand this quarter, reversing the streak of three straight quarters of hiring demand growth.
The summer months are bringing less opportunity around the world for employees in the equipment leasing and commercial finance sectors. After a slight increase in demand posted in the second quarter of this year, the latest release of the ZRG Partners Global Hiring index showed a drop of 11% in hiring demand, following the larger macro trends impacting companies around the world.
Overall global hiring within the ZRG Life Science Index was up 11.1% from the first quarter, finishing at 87.8, the second highest level over the last 9 quarters. Demand for new employees in Europe drove the index up globally as EMEA reported a 34% increase in hiring levels overall.
Q2 hiring demand in the North American Equipment Leasing and Finance sector increased again this quarter to 558, a rather clear increase from the first quarter hiring levels shown in the index. The hiring demand increase appears centered around several trends that seem to be impacting talent strategies for many organizations.
The ZRG Partners Global Equipment Leasing and Finance Hiring Index (GELAF) showed an overall increase of 15% for the quarter closing at 74, up from last quarters closing number of 63.7. Driving the index up was robust hiring in all of the BRIC countries and an improved hiring picture in the USA.
Global Life Science hiring increases nearly 4% during Q1 2012. Reduced hiring levels in Outsourcing and Services sector offset by modest gains in Pharma/Biotech and Medical Device.