There is a growing trend at emerging life science companies to adopt a ‘Virtual Workforce’ model in order to keep head count and capital burn rate down, and flexibility up. Instead of hiring full time employees to fill department roles, companies are bringing on the appropriate level of talent via consulting firms, resource companies, or hiring contractors directly. Even some manager level roles are being filled this way. Some companies run virtually by design, while others do so because experienced FTE resources were simply impossible to find when they needed them.
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Posts Tagged ‘Human Resources’
Virtual Workforce is a Growing Trend at Emerging Life Science Companies
Tuesday, February 2nd, 2010The Role of Talent Management in Managing Life Sciences Risk
Monday, January 18th, 2010Life science companies have been facing unprecedented pressures requiring them to become more in tune with the realities of their marketplaces and to take a more thoughtful approach to understanding and managing business risks. We know many of the issues driving risk – patent expiry, pricing competition from generics, increased regulatory scrutiny, rising costs, poor efficiency of internal business processes. The question becomes what to do about them.
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