The MedZilla Report: September 2008 Employment Outlook for Biotech/Pha...(Companies actively searching for new emp...)

Date:10/31/2008

Companies actively searching for new employees were mostly looking for clinical research associates or nursing candidates -- both up by more than two percent. Interestingly, they were not searching for medical technicians, physicians, or surgeons; those searches fell by more than 5.5 percent from August to September. This indicates that, while companies are creating new jobs and posting them, they are not specifically searching for candidates; instead, it appears they are waiting for the right candidates to come to them. This may be symptomatic of economic troubles on a wider scale; companies of course want to hire the best candidates, but they do not have the resources to go out and find them, nor are they always able to pay them what they deserve. Therefore, they prefer to make the jobs available and wait for candidates to find them if they want them.
   
The problem with that strategy, of course, is that people are not always looking for new jobs; in the past month, job searching by qualified candidates remained flat both geographically and on a type-of-job basis. In the past year, even though jobs have been created, the trend has been for people comfortable in their current positions to avoid changing jobs just for the sake of changing jobs. Over the past month, both U.S. and world markets have fluctuated wildly, and several major financial institutions have announced that they were in dire straits. With such uncertainty permeating the economy as a whole, even those dissatisfied with their jobs are less likely to look for something new.

This could spell difficulty for those who have the unenviable task of finding qualified candidates to fill the open positions. If people are not searching and applying, then companies cannot interview and hire them, but if companies do not have the capital to go out and find the candidates they need, then how will they find their new employees? It is a circular problem, but one that can be solved i
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