“Where Are The Jobs?” – Workforce Trends Report for the Life Science Industry Released

For Immediate Release

  • Contact: Janelle Curtis
  • Phone: 202-312-9266
  • Email: jcurtis@biotechinstitute.org

[Chicago, IL – April 22, 2013] –  The Coalition of State Bioscience Institutes (CSBI) and Booz & Company have issued a report, entitled “Demand for Talent: Current & Projected Workforce Trends in the Life Science Industry,”  which provides a snapshot of  the most current and projected workforce needs within the United States’ life science industry and calls for broader industry participation in an ongoing analysis of talent demand.

Two of the most pressing questions for the life science industry today are “where are the jobs?” and “where are the jobs going to be?” This first-of-its-kind national analysis provides insights into these questions, drawing from thousands of current job postings and interviews with strategic industry leaders across the country about their projected talent needs

“The life science industry continues to be an engine for job creation, necessitating adequate talent development at all levels of education and across multiple disciplines, with particular need for entry level technicians as well as managers with advanced experience, especially in regulatory and compliance functions,” said Lori Lindburg, CSBI Chair and Executive Director, BayBio Institute.

The report identifies the life science industry’s current demand for skilled, cross-functional and flexible knowledge workers, and suggests that increased industry/academia collaboration and an effort to create national industry certifications could begin to address gaps in the US talent pipeline.  This need for a highly trained workforce shows up in four distinct ways:

* Substantial need for employees with baccalaureate and advanced degrees
* Relatively low need for high school-only graduates
* Advanced /specialization degrees, such as bioinformatics, biostatistics and computational biology, as well as engineers with the ability to manage complex biological process scale-up, are in exceptional demand
* Industry and experience-specific job skills in disciplines such as Regulatory and Quality Systems continue to be in short supply

Download the Report Here

About BIO
BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.” Subscribe to BIOtechNOW.

 

About IHIF

The diverse members of the Indiana Health Industry Forum generate the collective voice of the state’s health and life science industry.  The Forum connects key stakeholders to: enhance business networks, advocate for member interests, develop workforce skills, and provide strategic vision in the interest of growing the state’s health industry economy and reputation.  Our mission is to make Indiana the premier location to start and grow a health science business. IHIF is the Indiana affiliate organization for the Biotechnology Industry Organization (BIO) and is a founding member of the Coalition of State Bioscience Institutes (CSBI). For more information, please visit www.ihif.org.

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