Four Tips for Raising Capital for your BioTech Startup
The coming year looks like it could be a good one for biotechnology startups. In recent years, biotech has had reasonably good access to capital as interest has increased in development of new medicines for cancer and “orphan” diseases. While access to investor funds may not be easy in 2016, few expect a return to […]
Continue ReadingThe Key to a Successful BioTech Startup? Hire the Right People for the Right Jobs
Quick question: How is a successful biotech startup like every other kind of startup? Answer: Success depends on hiring the right people for the right jobs. Question 2: How is hiring for biotech different from hiring for other industries? Answer: Biotech positions require competencies and skill sets that may complicate standard hiring practices and increase […]
Continue ReadingHow to Lose Your Job by Outsourcing Your Recruiting
Outsourcing of business functions has been made considerably easier by broadband technology and the worldwide interconnectedness of business today. In many cases, it makes sense to outsource, because it allows people to focus on core business processes and companies to sharpen their competitive advantage. Just because outsourcing is easier doesn’t mean it’s automatic or requires […]
Continue ReadingHow to Get the Answers to Questions That You Can’t Ask in an Interview
The Equal Employment Opportunity Commission (EEOC) is charged with enforcing federal laws against hiring discrimination based on race, color, religion, sex, nationality, age, disability, or genetic information. Stay educated to avoid violating EEOC, state, and local hiring discrimination laws. Most employers with 15 or more employees are subject to these rules. The laws the EEOC […]
Continue ReadingIt’s Time to Cut Off the Rule of Thumb About Not Hiring the Unemployed
Even when they have skills and resumes equivalent to other job candidates, people with long-term unemployment on their record are often excluded altogether from job opportunities. Ultimately this marginalization of the long-term unemployed is bad for both employers and employees. Today’s companies, especially in industries like biotech and pharmaceuticals, need skilled and educated workers. In […]
Continue ReadingWhy Hiring a Good Employee Isn’t Good Enough
It’s easy to view hiring as a necessary evil. After all, a bad hiring mistake can ruin a company, and the typical “bad hire” isn’t usually something you can recover from with training and coaching. Hiring well may be the single most important thing your company does. The late Steve Jobs believed that hiring was […]
Continue ReadingWhat Should You Be Looking for in a Medical Sales Rep?
Medical sales reps interact with doctors, nurses, pharmacists, and formulary managers. They may travel to doctors’ offices, clinics, hospitals, and other healthcare facilities, providing information about the products they represent, encouraging health professionals to use or prescribe them. It’s not for everyone. A medical sales rep has to be willing to make cold calls, and […]
Continue ReadingSix Hiring Trends Impacting Pharma
Like nearly every other industry, the pharmaceuticals industry is evolving rapidly. It’s one of the primary industries affected by changes in legislation, like the passage of the Affordable Care Act. Economics, regulation, and demographics affect every aspect of the pharmaceutical industry. Countless other trends affect pharmaceutical hiring, and while there’s some uncertainty associated with these […]
Continue ReadingWhy You Should Stop Trying to Find the Best Candidate to Hire
The recruiting process is more fraught than most people imagine. It may sound like a hiring manager gets to pick among a large number of qualified candidates like choosing the best puppy from a litter, but in reality recruiting is difficult, particularly in pharmaceuticals and biotech. Specialty recruiters understand the challenges of hiring in industries […]
Continue Reading6 Keys to Building Relationships with Industry Recruiters
Healthcare recruitment can be a constant challenge, especially in tech-forward specialties like pharmaceuticals. Hiring managers in these specialties have their work cut out for them, particularly now that the economy is in recovery mode in most places, and recruiting the best talent takes more work. Recruiters and hiring managers want the same thing: to place […]
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