If you’re in the life science or biopharma industries, you know that hiring top talent is essential to your success. But with the war for talent heating up, it’s becoming increasingly difficult to find and attract the best candidates.
One solution is to work with a biopharma recruiter. But before you hire a recruiter, there are a few things you should consider.
Here are 4 things to keep in mind as you evaluate whether working with a recruiter is right for your company.
How much is it costing you to leave a position open?
Leaving a position open is costing organizations more than they may realize. A passive job search costs an estimated 50% of the cost of an active one and can quickly add up over time.
Finding a talented qualified candidate can be a long process, and the longer you have a position open, the slower your organization’s growth. In addition to lost productivity from the empty seat in the office, there are hidden costs like reduced morale and added strain on current staff members to take on extra work until the missing slot is filled again.
As expert recruiters, we can attest that it pays off in both time and money to keep recruitment processes as organized and efficient as possible.
Are you looking for senior-level or mid-level talent?
Having the right fit for each role is key to sustainable workplace success.
If you are looking to fill a senior-level role, then seeking out a recruiting firm that specializes in those job openings is necessary. They understand the nuances of interviewing and recruiting for higher-level positions, as well as the importance of finding exactly the right culture fit.
On the other hand, if you need to hire an entry-level employee, then choosing a generalist recruiting firm to fulfill your needs will likely provide better results than trying to work with a specialist in senior-level recruitment. You want to make sure any organization chosen for recruitment has extensive experience sourcing talent in whatever industry the position is related to. Finding a firm that can accurately target individuals who possess all these qualities will significantly expedite the hiring process and lead to more successful hires within your company.
What is the geographic scope of your search?
When it comes to hiring, the geographic scope of your search is an important consideration. If you only need to fill a position locally, there’s no need to consult with a national firm and waste time and resources. You can easily get in touch with local recruiters who are knowledgeable about the region’s job market and have connections that may bring great candidates for the role. Moreover, local partners will have better insight about any regional customs or laws that may impact the recruitment process. In most cases, recruiting locally results in faster turnaround times without compromising on quality – perfect for small businesses where time is critical.
What’s your budget?
Coming up with a budget before beginning your job search lets you know exactly how much money you can and are willing to pay. It’s important to be honest and realistic when creating your budget; while it’s natural to want to get the best salary possible, you also don’t want over-promise yourself something that is financially out of reach.
By understanding what your current assets are, you can properly plan for a comfortable career path that fits within the confines of your financial situation. There is little benefit in applying for jobs that aren’t within the appropriate salary range since both time and resources have already gone into crafting the perfect cover letter and resume! Doing prior research and setting aside a realistic amount will give you a much better chance of securing an opportunity that works for both parties.
The process of recruiting the right talent can be costly and time-consuming.
It is important to consider all aspects of your search to make the best decision for your company. With that in mind, answer the following questions:
- How much is it costing you to leave a position open?
- Are you looking for senior-level or mid-level talent?
- What is the geographic scope of your search?
- What’s your budget?
Once you have answers to these questions, you will be able to start crafting a more targeted job posting. You can also begin talking with recruiters who can help you find the perfect candidate for your needs. Ready to learn more about what working with a recruiter could do for your business? Contact us here.
Whether you are getting started in the biopharma industry or have been serving it for decades, there’s always a new experience out there to explore. If you are looking for companies that offer competitive salary packages, Brio Resource Group can help you find the right job.