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Majority of Biotech/Pharma Employees Poised to Job Hunt
Date:7/15/2014

ATLANTA, July 15, 2014 /PRNewswire/ -- Employees in the U.S. biotech and pharma industries express significant interest in accepting or seeking out a new employment offer, according to a new Randstad Pharma Engagement Study released today.

The study reveals that within the next six months one-half (51%) of biotech/pharma workers are likely to seek out a job in a different company or organization, as compared to 38 percent of all employees polled.

Furthermore, should they receive an enticing job offer from another company, 66 percent of biotech/pharma employees are likely to accept, compared to 44 percent of all employees polled.           

What Attracts Employees in the First Place?
As part of their workforce development strategies, biotech and pharma companies must understand what potential employees value most. The Randstad study reveals that job seekers find the following most important when considering a position with a new company:

  • Fair pay:  A good reputation in terms of offering fair compensation (94%)
  • What others say:  A reputation among current employees as a good place to work (92%)
  • Flexibility:  Flexible/telecommuting work arrangements (88%)

In addition, when learning about a company, professionals in this sector underscore the importance of company reputation, saying they are most influenced by word of mouth from current employees (69%). They next rely on input from family and friends (45%), followed by information from the company's website (43%).

"While fair pay will always be an important factor to employee retention and engagement, professionals in the biotech/pharma sector clearly want to be recognized for their hard work and achievements," said Greg Coir, President of Randstad Pharm
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SOURCE Randstad US
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