Magazine Article | January 3, 2023

6 Best Practices For Biopharma Talent Management In 2023

Source: Life Science Leader

By Jim Sykes

Inflation and the rising cost of goods and services are compelling workers in a variety of industries to seek higher salaries. This is being acutely felt in the life sciences industry, where a recent study found the average turnover rate in the field to be 20.6%, which is higher than sectors such as financial services (15.9%) and energy (15.2%). At the same time, there’s a scarcity of talent to fill open roles that doesn’t appear to be ending anytime soon.

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