Workforce statistics from the past two years paint a concerning picture of the biotech recruiting sector in 2023. The COVID-19 pandemic led to a boom in hiring and growth, but now that the initial biotech demand is leveling off, many companies are ‘right-sizing’ to pre-COVID-19 levels. Statistics predict the growth of the biotech sector slowing in 2023, in part to rising inflation.
The overall trend means biotech companies are slowing down their hiring. It’s not clear how much growth will slow in 2023, and hiring managers might wonder whether it’s worth adding more workers to the payroll if layoffs are coming. Due to its ability to consolidate and diversify their portfolio, Big Pharma is in a stronger position than agile biotech start-ups, but industry experts still urge caution.
Attracting Biotech Talent in 2023
Despite an economic slowdown, the biotech sector is continuing to grow, and companies are still looking to hire top talent. Here are a few ways biotech recruiting is filling positions and attract candidates.
First, it’s important to understand candidates’ motivation for switching roles, because there are many professionals considering a job switch, even if they’re currently employed. A lot of candidates are seeking appropriate salary increases to combat inflation. Or, perhaps instability at their current company has created a threat of layoffs.
As a recruiter, there are several ways to appeal to these candidates and fill your client’s vacancies.
Highlight remote, hybrid and flexible working options. Thanks to rising gas prices, commuting is expensive, and many employees don’t like feeling pressured to come into the office. Flexible working remains a high priority for jobseekers as they explore new roles.
Emphasize supportive work culture for new hires. Work culture is not just about throwing money at employees, but thoughtful initiatives to support new hires and integrate hybrid teams. The COVID-19 pandemic has left many workers feeling adrift from their colleagues, and they want to better integrate into their teams, virtual or not.
List opportunities for career growth and developmental opportunities within the company. The new hire is more likely to make long-term commitment to the role if they think they can progress in their career without needing to switch companies again.
With over ten years’ experience serving biotech companies in the Boston area, Sci.Bio knows how to guide your company through economic changes. Schedule an appointment with us today to learn more.
Where can you access top talent other than LinkedIn, a site where candidates are inundated with recruiter messages and your own email risks getting lost in their inbox? There are a few underexplored avenues to find biotech jobseekers, and with a bit of creativity you can expand your candidate pool.
Leverage Existing Connections
The most efficient way to find fresh job candidates is to ask your existing clients for referrals. Your clients will know who in their network is looking for new opportunities, or who is dissatisfied with their current job and could be persuaded to change companies.
Another source of talent is through auditing former candidates you worked with in the past: check in on those previously considered for roles to see if they’re looking for new opportunities. After all, just because they weren’t a suitable match for your previous vacancies, it doesn’t mean they won’t be a good fit for your current openings.
Broadening your recruitment sphere
After you’ve tapped your current network, you can broaden your reach through local opportunities. Get involved with regional biotech organizations: attend their networking or professional development events to meet other attendees who may be considering a career change. Reach out to conference presenters or hosts at these types of events – the people who participate in panels, conferences and high-profile volunteer roles are often looking to strengthen their resumes with an eye to new roles. Even if that’s not the case, conference presenters are usually well-connected and may be willing to refer candidates to you.
Make sure you’re not limiting your search to graduates of the local biggest universities, and recruit from historically black universities and colleges (HBCUs), small liberal arts colleges (SLACs) and local community colleges. At these smaller colleges you may find candidates with less conventional resumes, but who have acquired a valuable set of skills through different routes into the job market.
College faculty like having recruiters come to speak to their students about career paths, which allows you to connect with STEM graduates in-person before they start applying to entry level positions.
Other places to find hidden jobseekers
In addition to using LinkedIn, check expat forums and Facebook groups for professionals. Members of those groups may be receptive to new opportunities that are tailored to them, rather than being cold-called on LinkedIn about jobs that don’t match their skillsets.
The final way to expand your talent pool on LinkedIn is to note who is interacting with your job posts through likes, comments or shares. This kind of online engagement is often a sign of someone considering a career move or preparing to apply to new roles, even if they aren’t advertising the fact on their profiles. Reach out to those posters and offer to chat with them about their career goals.
As a recruiter you often go to the candidates, but it’s also possible to encourage candidates to come to you. Hold a recruitment agency Open House – make the event worthwhile for local job seekers to visit your recruitment agency, meet the recruiters, and learn about the companies you partner with.
Few people enjoy job hunting, and most job candidates have a story or two about bad application or interview experiences. For this reason it’s important for recruiters to make a good impression on candidates, and ensure they have a positive experience being guided through the application process. These days, there are plenty of communication tools tailored to help you stay in touch with candidates without increasing your own workload.
Communication Strategies: Automate What You Can
Calendly is a simple tool that allows candidates to schedule screening calls with you. It gives the candidate a feeling of control and easy ability to reschedule, while reducing the time you spend arranging (and rearranging) screening calls via email or over the phone.
Providing a chatbot (such as Mya or FlashRecruit) that addresses basic jobseeker questions is another way to reduce clutter in your inbox, by allowing the candidate to receive pertinent information about your opportunities and the application process at their own convenience.
Small and steady check-ins
It’s likely your job candidate is working with multiple recruiters and balancing a lot of job applications – all at different stages. For this reason, regular touchpoints with your candidate are vital. Don’t leave them waiting on promised updates, or wondering where their application is in the pipeline: if it’s with the hiring manager, if the hiring team is scheduling interviews yet. A candidate will prioritize applications where the timeline/anticipated next steps are clear, because it helps them plan the remainder of their job search and anticipate when offers might be made.
To help reduce your email inbox clutter, use personalized email templates sparingly. Job candidates don’t want to be on the receiving end of constant cookie-cutter responses, but email templates can be helpful when you have a range to draw from. Tools like Gorgias and Followup.cc allow you to manage customized email templates and keep on top of follow-up messages.
Keep innovating
New software is constantly being launched or upgraded, and communication trends change quickly. Be sure to check your workflow and organizational tools are still meeting your needs. How many hours a day are you actually fielding questions from candidates, for instance? Don’t be afraid to try new processes and experiment with the levels of workflow automation.
At Sci.Bio, we specialize in finding top biotech talent and adapting to meet your recruiting needs. Schedule an appointment with us today to learn more.
Jobseekers and biotech hiring managers are in agreement: virtual interviews are here to stay. From the company perspective, virtual interviews are a cheaper and more efficient way of screening candidates than in-person interviews. They widen the available talent pool by making interviews accessible to remote/hybrid candidates further afield, and are quick to schedule. Job candidates also prefer virtual interviews because it gives them more control over interview scheduling, and causes less disruption to their day if they’re currently employed.
However, many hiring managers feel in-person interviews offer them a better view of the candidate, providing more helpful insights into the candidate’s suitability. To combat the drawbacks, here are a few best practices to ensure you hire the best candidates and get the most insights from the virtual hiring process.
Deliver all information to the candidate in advance
To minimize delays, email the log-in information to the candidate ahead of time. Provide an email or phone number for the candidate to use if they experience any last-minute technical issues. This reduces confusion and last-minute delays because the candidate needs to download unfamiliar meeting software, for instance. It also reduces the stress to candidates and interviewers alike, enabling everyone to begin the interview in a calm state of mind.
Plan your interview time and structure in advance
The hiring team should prepare a list of topics to cover in order, or questions to ask, with time allocated for each point on the list. Make sure everyone on the interview panel has access to the proposed interview structure/workflow ahead of time. This will ensure the interview flows smoothly, without running too long.
Give candidates enough time to answer your questions during the interview itself, accounting for connectivity lags or difficulty reading body cues.
Remember that candidate recruitment experience is an important factor in their decision making process, and perceived disorganization during the interview may present your company in an unfavorable light.
Give candidates a taste of company culture
One notable disadvantage of virtual interviews is that the candidate gets less insight into company culture and work environment than if they were invited on-site. A way to work around this issue is to arrange a less structured informational interview with existing employees, which will give the candidate an overview of the company from someone at their job level. Hiring managers can also offer videos or virtual tours of the company office or campus during the interview process. These extra steps can help job candidates visualize themselves working for your company, giving them a clearer idea of the benefits of joining your company and their suitability for the role.
Invest in software for online recruitment
Since virtual interviews will remain an important recruitment tool in the years to come, consider investing in dedicated recruitment software or upgrading your existing programs. For instance, analytics and AI tools can assess candidate suitability and sort through job applications. Chatbots on your company’s career homepage can address any basic questions jobseekers have and free up hiring team resources. Consider incorporating online aptitude or personality tests into the hiring software or portals to provide another level of insight into potential candidates.
Whether you’re hiring for remote, in-person or hybrid biotech roles, Sci.bio talent experts are here to help. Reach out and schedule a conversation with us today.
This bird’s-eye overview explores the attitudes, approaches, and actions that will make it happen.
It’s not what you know, it’s who you know. Actually, it’s both—and a whole lot more. Whether you’re new to the biotech industry or a veteran between jobs, a plum position in this red-hot sector is unlikely to fall in your lap. To get the biotech job of your dreams, or even that steppingstone position, you need patience, perseverance—and above all, a methodical approach.
This overview puts all the must-have information at your fingertips, from the prep work you need to do before starting the search to the extra touches that will help you stand out before and after the job offer. Follow the links to dive deeper into specific areas of interest or challenge. If any questions or concerns remain, Sci.bio is happy to walk you through them.
CHARTING YOUR COURSE
First things first: deciding what you want to do and where you want to do it. Confronting these decision points early on will pay dividends in your job search and career satisfaction.
A Question of Degree
Do you really need a PhD to get a good job in biotech? That depends on the career trajectory you have in mind. If you aspire to the halls of academe, you’ll obviously need the credential. A doctorate also positions you for medical science liaison jobs. Leaving such specific scenarios aside, success in biotech does not depend on a PhD, and the years of toiling for the designation could even set your career back. The only thing a doctorate guarantees is that people will call you “doctor”—it certainly doesn’t entitle to you to a job.
Many PhDs see their colleagues transitioning to academic post-doc positions and conclude it’s simply the “thing to do.” But basic research and the grant-application machinery don’t suit everyone, and recognizing a poor fit can spare you years of frustration.
The academic life comes with an attractive package of intellectual rigour, collegial culture, and freedom to explore your own research interests. That’s the theory, anyway. In practice, responsibilities outside the lab can interfere with research time and the pressure to obtain funding can take its toll.
Opting for industry doesn’t mean giving up on your career as a scientist; the biotech industry produces a steady stream of research, often with a more clinical bent. If the lab bench doesn’t call to you, however, industry offers almost limitless opportunities to rise through the ranks and experience the high of working in teams. You’ll find more details about the pro and cons of each choice in this article about academia vs. industry.
Size Matters
There’s big pharma and there’s small pharma—companies that employ fewer than 500 people. Arguably the safer choice, big pharma will take you through a formal training process and give you access to a steady stream of learning opportunities. With size comes bureaucracy, of course. The red tape can slow down processes and create distance between the work you put in and the final result. Even so, consider going big if you value a mix of predictability and opportunity—and a good night’s sleep.
At the other end of the spectrum, a job with a biotech startup offers unparalleled excitement and collegiality, as well as a good chance of seeing a product going through a full development cycle. Or you may find your sweet spot in the relaxed culture and fluid roles of a small pharma company—the preferred option of an increasing number of biotech job seekers.
Off the Beaten Path
If you’re like many science graduates, you know a lot more about science than about science careers. Most post-secondary programs fail to educate students about the possibilities ahead, leaving graduates with a blinkered view of their options. If you’ve made it to the PhD level, you may see little beyond a postdoc or medical science liaison in your horizon.
The world of biotech is a lot bigger than that. Less common biotech careers that flow naturally from a PhD include market research analyst, business development manager, and medical communication specialist. And it’s not true that you need an MBA to snag a business consultant gig: the rise of technology-based business sectors has created a demand for consultants with STEM PhDs.
Then there’s the cannabis industry, a high-growth sector that rewards both creativity and business acumen. From extraction techniques to quality control, needs for scientific expertise in this area continue to grow. If you thrive on human relationships, you could find your niche in biotech recruitment, which combines uncapped earning potential with the unique satisfaction of helping other people launch their careers.
READY TO LAUNCH
Once you’ve established your desired destination, it’s time to lay the groundwork for a smooth and fruitful biotech job search.
Where to Look
Start by working backwards: make a list of companies where you’d like to work and check out the careers pages on their websites. You may be able to set up automatic alerts so the system notifies when suitable positions open up. Next, scour job boards that focus on the life sciences, such as the job pages on BioSpace or the Life Sciences Network.
Don’t discount general job boards, either. Many employers cross-post their vacancies on a number of job sites, including all-purpose sites like Indeed or Workopolis. A recent Indeed search for Boston-based biotech jobs turned up vacancies for a senior scientist in in-vitro pharmacology, a quality control analyst in microbiology, and a bioinformatics associate, among others. Even Facebook has its own job board.
There’s also the question of when to look for a job: while there’s no hard and fast rule, your odds of success rise and fall at certain times of year. More important than the season is the time between the job posting and your application: make it as short as possible.
High-Yield Networking
Start by making a list of networking prospects—friends, acquaintances, and business associates who may be able to offer advice or job leads. Ideally, this list should include people with positions you aspire to. Send each of them a brief email detailing your situation and your ask. If you get no response after a few days, don’t assume they’re willfully ignoring you. Far more likely is that they’re busy or disorganized, and everything less than urgent gets pushed into their “later” file. Follow up with another respectful call or email. Rinse and repeat.
Once you’ve heard back, aim to schedule a meeting over video (or in person, if/when Covid protocols allow it). Keep the meeting short and real: show interest in the other person, but get to your point. Seek advice about how to brand yourself and ask for new introductions or industry insights.
While looking for a job can easily become a job in its own right, consider breaking up your day with volunteer work. Not only does volunteering boost mental health, but the people you meet can become part of your informal network. Along similar lines, choose a couple of professional events to attend, either in person or virtually. Have a well-rehearsed elevator pitch so you can approach people with purpose and confidence.
Leveraging Social Media
Whether you love it or hate it, you can’t avoid social media when looking for a job. As evidenced in a recent survey on career building, social media now plays a significant role in the hiring process: not only do employers use social media to research candidates, but nearly half have a bias against candidates without any social media presence at all.
If nothing else, you need a LinkedIn profile to be seen as a serious candidate. Take the time to list significant accomplishments, awards, and testimonials on your LinkedIn page. Regular engagement on Twitter, while not a requirement for a successful job hunt, can demonstrate knowledge of your industry. Blog posts showcasing your communication skills and interactions with a prospective employer’s social media accounts can add further credibility to your social media presence.
If your social media profile is less than squeaky clean, you’ll need to do some scrubbing. Revealing photos, discriminatory comments, bad-mouthing previous employers, lying about an absence could easily land you on an employer’s no-hire list. No matter how many likes you garnered from such posts, delete them.
Working with a Recruiter
On the face of it, there isn’t much downside to working with a recruiter: it gives you access to an inside track hidden from public view. But the wrong recruiter can do more harm than good—for example, by sending you on interviews for ill-fitting jobs. A strategic approach to finding a biotech recruiter will help you avoid this outcome.
Rather than simply contacting the biotech recruiters that pop up in a Google search, attend networking events in your industry, where many recruiters congregate to build relationships with clients and meet candidates. If you’re a woman, you owe it to yourself to check out the events run by Women in Bio, an organization dedicated to giving women more visibility in the life sciences.
If you have your eye on a specific company, you may be able to connect with internal recruiters (i.e. recruiters who work within an organization) by using LinkedIn to locate employees with such titles as hiring specialist or employee success manager. If you’d like to learn more about how Sci.bio can fast-track your job search, we’ll be happy to arrange a conversation.
RISING UP FROM THE CROWD
Whether you have an impressive track record or no track record at all, taking extra care with your self-presentation can give you a meaningful edge.
Standout Resumés
Not sure where to start? This Science Magazine article about scientific resumés can help you decide between an experience- and skills-based approach. Whichever option you choose, you can’t go wrong with tried-and-true resumé-writing principles such as simplicity, lack of visual clutter, and logical progression. Resist the temptation to list all your accomplishments: while the assay you developed deserves pride of place in your resumé, you can probably leave out the time you took minutes for a departmental meeting. Less is more.
It goes without saying that you should adapt your resumé to each position you apply for, focusing on the experiences and accomplishments that most closely match the job requirements. When crafting the accompanying cover letter, avoid duplicating the content of your resumé. Instead, aim for a couple of short paragraphs that reveal something about what you want and who you are.
For still more detail about the fine points, check out this compendium of resumé mistakes to avoid, while this article on crafting a professional resumé can help you neutralize red flags such as a lack of experience or a gap in your employment history.
Phoning it in
Phone interviews are like the door to the waiting room: a mechanism to control the influx of candidates and weed out those who don’t meet basic requirements. In the wake of the Covid-19 pandemic, phone interviews may enlarge their scope and replace some interviews that used to occur in person.
Have your resumé and a few key points at hand so the interviewer’s questions won’t catch you off-guard. It’s also a good idea to prepare some questions of your own, which signals seriousness of intent. Avoid bringing up salary—such conversations are best left for face-to-face meetings—unless specifically asked.
In addition to confirming your qualifications, a phone interview gives the interviewer a glimpse of your professionalism. Choose a quiet space for the interview (or ask a family member or neighbor to take the dog out) and turn off all electronic devices. During the interview, speak calmly and clearly and avoid jokes or sarcastic remarks—this is not the time to show off your edgy humor. And don’t even think of eating anything, let alone chewing gum. To make sure you avoid such gaffes, check out this list of 10 phone interview tips.
Acing the Interview
In the post-pandemic world, face to face doesn’t necessarily mean in the same room—it just means that you and the interviewer(s) can see each other. At this stage, consider “well groomed and well dressed” to be the price of admission.
Be ready to answer standard interview questions like “why are you interested in this job” or “where do you see yourself in five years.” To address the obligatory question about your weaknesses, focus on a deficiency you have overcome or are working to overcome. Think of the question as an opportunity to demonstrate both your honesty and your work ethic.
Most important of all, you’ll need to make a good general impression: fail at this task and you’ve lost the job. Fortunately, the key ingredients of a good impression—a positive and confident attitude—lie within everyone’s reach. If you’re unsure you can pull it off, rehearse with a friend or colleague.
Taking Setbacks in Stride
Learning you didn’t get a job after what seemed like a stellar interview counts among life’s most demoralizing experiences. While mentally steeling yourself for this outcome won’t take away the sting, it can help you recover more quickly and with your confidence intact.
It pays to remember that personal biases permeate all human transactions, and job interviews are no exception. That elusive quality called “fit” doesn’t always work in your favour. In some cases, a position may have been earmarked for an internal hire, but due diligence required it to go through a formal solicitation process. Of course, it’s also possible that you came off as more arrogant or boastful than you intended, and it never hurts to ask a friend for feedback on your self-presentation.
A job offer is only the beginning. What happens next can set the stage for you career.
Negotiating an Offer
You got the job! By all means convey your excitement to your new employer, but resist the impulse to immediately accept the terms of employment: the offer will not evaporate if you negotiate. When discussing compensation, don’t get stuck on the annual salary, as many companies offer bonuses and stock options to top up the base pay. If you come up against a hard compensation limit, ask for alternative perks such as flextime, option to work remotely, or support for continuing education. The fine points of negotiating an offer also include tackling one issue at a time and knowing who holds the decision-making levers.
If you’re already working but suspect your salary doesn’t reflect your worth, reach out to a recruiter to get feedback on industry norms. If you believe you’re being underpaid, you’ll earn your supervisor’s respect—and quite likely a raise—by stating your case. Presenting your accomplishments and knowing your boundaries will serve you well when negotiating a salary increase.
Fast-Tracking the Culture
Company culture, also known as organizational or working culture, refers to the attitudes and behaviors of a company and its employees. It encompasses ingredients such as work environment, leadership style, working style, and expectations. Figuring out the company culture as quickly as possible will help you fit in, feel comfortable, and work productively. To get a read of your new employer’s culture, look for the mission statement and client/employee testimonials on the company website. Most important, observe your co-workers: see how they dress, carry themselves, and interact. Figure out whether that happy-hour Zoom meeting is expected or optional.
Whether you’re working on-site or remotely, make an effort to build relationships with your colleagues. Showing the “real you” to people inspires trust. Even a single work buddy can help you integrate into the culture, and connecting with people outside your rank can help loosen the barriers between managers and employees.
There’s no shame in making strategic connections, either. Start with a focused “career talk” with your supervisor, which demonstrates commitment to your growth within the organization. Identify the key stakeholders in your new role and arrange to meet them. One of them could turn out to be the perfect mentor for you.
The Publishing Pressure Cooker
Scientific research has become a highly competitive endeavor. If you’ve chosen academic research as a career, sooner or later you’ll confront the “publish or perish” imperative. At the same time, rushing to publish can compromise the quality of your work. Indeed, a study of scientific publication determined that pressure to publish led to poorer-quality output and a bias toward positive results.
Fortunately, many experts have voiced concerns about the push to publish at all costs, suggesting the tide may be turning. As noted by Cambridge University researcher Kanad Mandke, “the slow science movement [an antidote to publication-oriented science]…is gaining a lot of traction among eminent scientists.”
While the pressure to publish isn’t likely to disappear anytime soon, a focus on quality over quantity and will serve you well in the long run. A methodical approach to getting published in scientific journals, as well as a set of strategies to manage the pressure, will help you stay sane along the way.
Graceful Exit
Even a dream job can lose its luster over time. New management, a new R&D direction, or even a new supervisor can tip the balance from great to not so great. Sometimes the whole work environment can turn poisonous over time. Signs of a toxic workplace include harassment, unaddressed conflict, and harsh top-down management that leaves employees feeling unheard and unappreciated.
If you’re wondering whether to stay or to go, consider these five reasons to switch jobs. At the same time, a vague feeling of dissatisfaction does not automatically signal a need to get out. A change of responsibilities, departments, or working conditions could help you recapture your enthusiasm. Respectfully approach your supervisor to explore such possibilities.
If you lean toward leaving, it may help you to contact a reputable biotech recruiter to gain insight into current market conditions. Aside from having deep industry connections, a good recruiter can alert you to career paths you hadn’t considered. Once you get a new job offer, your current employer may attempt to lure you back with a raise, a promotion, or all manner of promises. While flattering, such counteroffers rarely result in mutual satisfaction. Unless the counteroffer provides a clear fix to the problems that led you to look elsewhere, honor your instincts.
