Category: Blog

Trends Report 2023

Throughout these past couple of years, we have witnessed a watershed moment for talent—for work in general. How, when, where, and why work gets done has been completely upended as we grapple with how to manage hybrid and remote workforces, how to keep good employees from jumping ship, and how to win the war for top talent without overspending on headcount.

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Weathering the Storm

After a robust and unprecedented 2021 in the life sciences industry, the positive momentum that began in 2020 flatlined in 2022. Layoffs are happening in waves across the industry, with 23 companies announcing layoffs in November alone, bringing the 2022 total to 119 companies.

Similarly, fundraising has taken a hit. Industrywide, M&A volume is down 48% while deal valuations plunged 28% this year.

While there is plenty of optimism that these trends are temporary — and PwC predicts there is a strong year ahead for M&A in the sector — there is no question the resetting of valuations is going to lead to some short-term pain.

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Considering a Career Change?

Beyond the seasonal career reflections that happen around this time of year, it seems there’s also a new headline every week (if not every day) about layoffs and cuts being made across the pharma and biotech world – meaning there are a lot of people in the life sciences looking for their next opportunities. If you’re in that camp, I want to challenge you to consider your approach to what’s next.

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Healthcare Providers & Pharma: Mixing and Matchmaking

The competition for top talent in tech and life sciences is fierce. 

Early-stage and emerging companies often find themselves in competition with much larger organizations to attract and/or extract experienced talent they need to help achieve their next stage of growth. 

However, if you think you can’t compete with established companies for talent due to their deeper pockets and robust benefits, think again. 

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How to Compete for Talent as an Emerging Company

The competition for top talent in tech and life sciences is fierce. 

Early-stage and emerging companies often find themselves in competition with much larger organizations to attract and/or extract experienced talent they need to help achieve their next stage of growth. 

However, if you think you can’t compete with established companies for talent due to their deeper pockets and robust benefits, think again. 

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What Every Leader Should Know About Leadership Coaching

The best athletes in the world have professional coaches to help them perform at their athletic peak – and yet many corporate leaders are thrust into stressful situations where they’re expected to just know how to lead through increasingly complex, volatile, uncertain, and ambiguous situations – all while boosting their team’s engagement, maximizing business impact, keeping their cool, avoiding burnout, and (hopefully) ensuring their personal lives don’t catch on fire. Easy, right?

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So, You Think You Want To Be an MSL?

The Medical Science Liaison (MSL) role is a highly attractive, widely sought job, particularly by PharmDs, MDs and PhDs looking to break out of the confines of clinical, retail, or academic work.
While it boasts attractive pay, growth opportunities, and meaningful work, the MSL role is also highly competitive and can be challenging for candidates to break into, especially without industry experience.

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Rebuilding the Pipeline for Pharmaceutical & Biotech Sales Talent

The 1990s to early 2000s were a different era for pharmaceutical sales. The waves of blockbuster therapies, many of which were promoted in the primary care setting, meant sales teams were large and active enough that one could not only get hired with zero pharma experience but could also get into the field and learn on the job next to more experienced teammates.

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Going Red and Making an Impact

I’ve worked in different aspects of the healthcare field for over a decade now. Before starting on my current career path as a recruiter at Mix Talent, I was a pharmacist at large IDNs and post-acute clinics. And before that, I was a kid in rural North Carolina whose mom was an emergency room nurse.

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10 Talent Trends for the Life Sciences in 2023

From DEIB and retention programs to legislative reform and workforce analytics, here are the top things that will shape life sciences talent in 2023.