ROCHELLE PARK, NJ, February 18, 2016 — ZRG Partners, has announced the findings for the fourth quarter Global Life Sciences Hiring Index. Posted hiring activity levels are nearly 30% higher than a year ago.
Outsourcing Services continues to show expansion, steadily increasing hiring levels over 30% since the beginning of the year.
ZRG European President and Global Practice Head of Life Sciences, Adam El Din commented, “Commercial positions will likely continue to shrink in the near future, driven down by industry mergers; the expiration of blockbuster drug patents; and a shift toward flexible, regional, and specialized sales teams.”
David Fortier, Managing Director – Global Life Sciences added, “While the quarterly changes do not reflect a consistent upward trend, the growth from the previous year and overall hiring levels show confidence across virtually all sectors and geographies. This strength results in part from exciting new science and a willing investment base for both established and new companies to pursue these new therapies.”
About ZRG Partners
ZRG Partners, LLC is a global authority on talent management in the Life Sciences, Pharmaceutical and Medical Device markets. ZRG provides its clients with specialized global market expertise in executive recruitment, consulting and advisory work with a focus on data and analytics to drive great business decisions.
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 $630 billion in revenues and employ over 1.5 million people globally. ZRG Partners conducts extensive direct market research in developing the data that drives the Index.
Adam El Din
European President and Global Practice Head of Life Sciences