Biotechnology, Life Sciences, Manufacturing, Monthly BLS Report, Quality Assurance, US News

Despite Merger Mania, Life Sciences Sector Continues to Show Strength

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Just this morning, a Bureau of Labor Statistics report showed that the US economy added a robust 288,000 jobs and unemployment fell to 6.1%, the lowest it has been in the Obama presidency. Moreover, according to TRG’s own research, life science sector jobs have grown 7.4% in the past decade, far outpacing the private sector average of just 1.0% (see: http://richgroupusa.trghr.com/news/us-biotechnology-sector-reports-strong-growth-past-decade/). This data only confirms and provides a rationale for what we are seeing in the marketplace: that we are now living in a candidate driven world.

What if you can’t hire someone on a permanent basis because of a pending merger or acquisition which seems all the rage these days? In such situations, a lot of our clients are turning to our contract services division, People Solutions, to continue to fill in gaps within their organization or for a particular project of limited duration while the M&A activity continues to work itself out. Let us at TRG LifeSciences be that full service resource to turn to get those impact players whether it be permanent or contract basis to remain competitive in the ever-changing life science marketplace.

Healthcare Insurance, Healthcare Services, Insurance, Managed Care, Placement Annoucements

Charles Schnurman and TRG Managed Care complete Successful Search

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(Richmond, VA) July 11, 2014 –  The Managed Care Search Division of The Richmond Group is pleased to announce the successful completion of a VP of Sales and Marketing search. 

The Challenge:

  • To identify, attract and retain a visionary leader, capable of driving and growing sales across the United States.

The Requirements:

  • Find an individual with proven sales leadership experience in the Pharmacy Benefit Management space, capable of leading and growing a sales force to drive revenue and expand market presence.

The Process:

  • Through a comprehensive national search, Charles Schnurman and his specialized team were initially able to identify over 200 qualified candidates.  Narrowing the search based on our client’s specifications, Charles spoke with over thirty qualified candidates.  Of the many impressive and qualified individuals he spoke with, four were identified as having the attributes that would make them a strong professional match for our client.  

TRG’s Results:

  • Working closely with the organization’s CEO and senior staff members, Charles helped our client attract an individual of unsurpassed ability to help lead their sales organization into the future.  As a result, our client has retained a nationally recognized sales leader while our candidate has found an opportunity to grow professionally with an organization that understands and values that experience.

 

Should you desire additional information about this successful search or about our firm please contact Charles Schnurman and the Managed Care Search Division at 804-285-2071 or email Charles at charless@richgroupusa.com

Accounting, Contract Staffing, Financial Services, Manufacturing, Monthly BLS Report, US News

Benefits of Contract Staffing

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Increased hours and additional stress from this demand can adversely affect employee morale and work product results.  Plus, absences increase with vacations and holiday time, so the dilemma presents itself….

How do we get it all done? The answer: Contract Staffing.

  1. During peak workload times, qualified contract or interim personnel can offer specific expertise for immediate resolve in your current project.
  2. Companies benefit from additional cost saving measures by avoiding direct payroll costs, eliminating advertising and administrative fees.
  3. By paying contract employees only for the hours worked, companies save additional dollars and avoid the long-term commitment of adding an additional person to the team.
  4. Also an excellent solution that allows companies to keep department overhead costs down, by allocating the cost to the specific project in process.
  5. Time and costs associated with training new personnel is saved by using experts, who bring specific experience to the table, to get the job done.
Engineering, Life Sciences, US News

STEM jobs more difficult to fill than other positions

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Stem Jobs

Stem Jobs

New research has shown that workers are in high demand to fill jobs requiring skills in science, technology, engineering and math, and that those positions take longer than non-STEM jobs to fill. To develop the study, the Brookings Institute examined data on Internet employment ads from Burning Glass, a Boston-based analytics firm.

STEM jobs harder to fill
Brookings found that STEM jobs can take several times longer to find employees for than positions not requiring the same skills. The time that it took for the spots to be filled also depended on the level of education needed for them.

For example, it took an average of 50 days to find a qualified match for STEM jobs that required a graduate degree in the first quarter of 2013, while those that had no education requirement took an average of 34 days to fill. Both of those job types took longer to fill than their non-STEM equivalents. Jobs with the highest education requirement, but not calling for STEM skills, took an average of 43 days to fill, while those with no minimum required education took 30 days. In total, the study looked at 1,192,438 job ads, 480,903 of which were for STEM-related positions, to determine these figures.

More jobs, more graduates
The difficulty in filling STEM positions is likely to continue into the future, though the degree of trouble in finding workers is unknown. According to a report from the Government Accountability Office, the number of college graduates from related majors is increasing, but so are the number of relevant job openings. Between 2003 and 2012, the number of degree awarded in STEM disciplines grew 55 percent, from 1.55 million to 2 million, the study found. Degrees awarded in non-STEM fields grew 37 period in the same span.

Over roughly the same time period, the number of jobs in STEM fields increased 16 percent, growing from 14.2 million positions in 2004 to 16.5 in 2012.

Pay rises with positions
Wages were found to increase along with employment opportunities and new graduates. In 2004, the average wage for STEM positions was $78,300 per year. By 2012, the average salary had risen to $82,600 per year. The largest wage increase was seen in health care professions. Between 2004 and 2012, salaries in the medical field increased from $69,400 per year to $74,900 per year.

Uncategorized

Southern US leads in financial sector job growth

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US FinancialFinancial jobs are increasingly moving away from their traditional home on Wall Street, and the southern half of the U.S. is gaining the most from the trend. According to Forbes, the majority of cities gaining the most financial jobs are located in the Sun Belt region. Just three out of the top 10 are located outside of the South and Southwest.

The Phoenix metro area gained the most jobs in the sector, according to the news source. Since 2008, the city grew its financial employment 12.6 percent, and just in the last year it expanded 7.6 percent. San Antonio and Austin, Texas, rounded out the top three, increasing their financial job figures 15.8 percent and 9.9 percent, respectively, between 2008 and 2013. By percentage, San Antonio, Texas, saw the largest overall growth on the list.

According to data from the U.S. Bureau of Labor Statistics, 7,919,000 people are employed in the country’s financial sector. Though cities typically associated with jobs in the industry, such as New York and Chicago, are seeing shrinking employment, overall the industry is gaining workers. Since the beginning of 2014, employers filled 19,000 positions in the sector.

Biotechnology, Life Sciences, US News

US biotechnology sector reports strong growth over past decade

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biotechnology

biotechnology

A report recently published by the Biotechnology Industry Organization showed that job growth has been strong in the bioscience sector for several years and continues to show progress. According to the report, employment in the industry grew 7.4 percent between 2001 and 2012, while the private sector as a whole expanded only 1.0 percent. Aside from software services, which increased 15.8 percent, biotechnology saw the most growth of any technology sector over the same period.

BIO’s study also showed how much of an impact bioscience jobs have on the overall economy. Each new employment opportunity in the sector generates an estimated 3.9 additional jobs to indirectly support it.

Many of these indirectly supported jobs are in the agriculture, energy and manufacturing sectors, The Hill reported. Advances in biotechnology have led to a boom in consumer products and clean energy sources created with knowledge gained in the industry.

Even without accounting for the boost these jobs provide, biotechnology employment is a leader in high-skill, high-wage positions. Workers in the biological sciences earn about 80 percent more than the average private sector employee, and pay in the fields is continually rising.