CPL LIFE SCIENCES
Among the most in-demand jobs in the digital life sciences sector are:
Digital Engagement Specialists Commercial/Salesforce Excellence Leads A.I./Software Developers Alliance Management Leads
U.S.A
2024 Horizon: Adapting to New Labor Market Realities Skills Gap Ongoing skills gaps and shortages are expected to continue in 2024. However, as further investment is made across the industry and the number of completed bio-degrees continues to increase, the long-term outlook is positive. As Generation Z and Generation Alpha enter the workforce, they are poised to bring a new range of digital skills. With advanced proficiency in emerging technologies, we can expect to see the next generation of workers close the digital skills gap. A.I. Revolution A.I. is paving the way for new ways of working in the life sciences sector, revolutionizing traditional methods in favor of smarter, more efficient processes. As life science companies across the US shift towards A.I. focused strategies, with increased adoption of A.I across all aspects of the chain, from early molecular discovery to clinical trials, pharmacovigilance, and marketing, demand for candidates with specialist emerging skills will remain high in 2024. Innovation and Collaboration In response to the number of high-profile product co-launches in the coming year, including Eisai/Biogen, Sarepta/Roche, Biogen/Sage, and Abbvie/Genmab, 2024 could see demand for candidates with experience in alliance management and business development/in/out-licensing grow. “Looking ahead to 2024, the US life sciences market is poised for significant growth and diversification. With advancements in biotech and personalized medicine, we anticipate a surge in demand for specialist skills in these areas.” Yvette Cleland, CEO, Cpl Life Sciences
LIFE SCIENCES STAFFING INSIGHTS AND TRENDS 2024
THE US LIFE SCIENCES LABOR MARKET LOOKS SET TO BE DRIVEN BY DEMAND FOR DIGITAL EXPERTISE AND COMMERCIAL ROLES IN 2024.
2023: In Review Following record years of growth in 2021 and 2022—hitting a peak with a record 2.1 million US life science jobs at the start of 2023—job growth slowed during the rest of the year. In 2022, the buoyant US life sciences share of the labor market approached a near-record 1.4%. Research & development—most notably in the biotechnology sector—led the industry’s overall employment growth, with an impressive 8.7% increase. A combination of economic uncertainty and strategic realignment caused sensitivity around staffing costs, leading to a reduction in workforce investment compared with previous years. In response to shifting market conditions, the industry witnessed a wave of redundancies, impacting both clinical stage biotech’s as well as big pharma, leading to an increase in candidates across the life sciences labor market. The Rise of Digital Skills One of the most significant trends in 2023 was the growing emphasis on digital skills. The rise of AI and automation within life sciences, alongside greater digital engagement and a focus on commercial excellence —particularly in big pharma—demands a new skillset from the workforce. Skill sets for jobs have changed by around 25% since 2015 and by 2027, this number is expected to double. With companies moving towards more strategically targeted, omni-channel campaigns, the need for candidates with specialist skills in digital, data analytics, CRM & SFE is growing significantly.
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