life sciences Infographics

How Life Science Companies Are Adjusting Rewards and Workforce Strategies for the Future of Work

Results from our latest COVID-19 pulse survey taken in mid-June reveal signs of stablization as firms progress plans to adapt their workforce to a new environment. This infographic takes a closer look at what's trending in the life sciences industry.

Published: July 2020
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q4 2019

Following the publication of Radford’s Q4 2019 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at U.S.-based firms, segmenting the data by the pre-commercial and commercial stages of development. As of Q4, overall turnover is down more than 3% among pre-commercial companies. At commercial companies turnover is relatively unchanged from Q3, though we are seeing a significant uptick in the prevalence of companies shifting to selective hiring plans as they hit the brakes on headcount growth.

Published: February 2020
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How Competitive Are Your Salary Increase Budgets?

Retaining and attracting talent in today's market requires companies across the board to pay competitively. Differentiating your overall budget is a critical step. See how technology and life sciences companies in the United States are differentiating their salary increase budgets to stay in the lead in the race for talent.

Published: February 2020
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Radford Global Workforce Trends at Life Sciences Companies as of Q4 2019

Following the publication of Radford’s Q4 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the U.K. and the U.S. Hiring rates for life sciences companies shows some dramatic shifts as of Q4 2019. Companies in Brazil and India have seen spikes in aggressive hiring vs. the previous quarter, while Russia, Germany and the U.K. are moving away from their formerly optimistic growth plans in Q3.

Published: February 2020
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Radford Global Workforce Trends at Life Sciences Companies as of Q3 2019

Following the publication of Radford’s Q3 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the U.K. and the U.S. Hiring rates for life sciences companies this quarter are mixed. India has seen a dramatic decrease in aggressive hiring vs. the previous quarter, while the U.K. and China are also slowing their hiring plans.

Published: December 2019
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Radford Q3 2019 Life Sciences Workforce Trends in Asia

Following the publication of Radford’s Q3 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. In countries like China, though the changes are small, a healthy percentage of companies are hiring normally and aggressively, indicating a healthy market for employment opportunities.

Published: December 2019
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q3 2019

Following the publication of Radford’s Q3 2019 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at U.S.-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, companies in the pre-commercial space are reporting more increases in voluntary turnover rates, while commercial firms hiring selectively has decreased to 9% from 14% last quarter.

Published: December 2019
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A Recap of 2019 Say-on-Pay Voting Results at Life Sciences Companies by Industry

The life sciences sector saw an increase in the percentage of companies falling under one or both proxy firms’ Board Responsiveness Policies as well as declining average support for pay votes. These results signal that investors are increasingly unwilling to provide corporate issuers the benefit of the doubt in a continued trend of escalating CEO pay levels and more volatile stock prices.

Published: October 2019
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q2 2019

Following the publication of Radford’s Q2 2019 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at U.S.-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, companies in the pre-commercial space are reporting slight increases in aggressive hiring. Commercial firms, however, are more cautious about headcount growth, reporting plans to scale back aggressive hiring plans by 8% in Q2.

Published: August 2019
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Contingent Workforce Trends at U.S. Life Sciences Companies

Contract and freelance workers increasingly make up a greater population of the workforce as life sciences companies turn to outsourcing to save on overhead costs. 92% of U.S. life sciences companies currently hire contingent workers, and more than 35% of those plan to increase their contingent worker population this year. This trend may also signify that companies are more cautious about full-time employee buildout until they have a solidified product to bring to market.

Published: August 2019
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Radford Q2 2019 Life Sciences Workforce Trends in Europe

Following the publication of Radford’s Q2 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across key European economies, including Denmark, Germany, Ireland, Norway, Poland, Sweden and the U.K. This quarter, Ireland saw the biggest spike in companies hiring aggressively, and Poland and the U.K. continue to grow more optimistic about planned headcount growth.

Published: August 2019
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Radford Q2 2019 Life Sciences Workforce Trends in Asia

Following the publication of Radford’s Q2 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The data yield mixed results and reveal caution across key markets. In China, though the changes are small, a healthy percentage of companies are hiring normally and aggressively, while aggressive hiring has gone up in countries like China and India vs. last quarter.

Published: August 2019
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Radford Global Workforce Trends at Life Sciences Companies as of Q2 2019

Following the publication of Radford’s Q2 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the U.K. and the U.S. The data shows mixed results for hiring plans. Russia and India have seen spikes in hiring, with less dramatic changes observed in other key markets.

Published: August 2019
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CEO Equity Ownership at European Biopharma Companies

CEOs are more likely to have a significant ownership percentage of the overall company equity – they have a large amount of accountability and are tasked with strategically steering their organisations toward success. Using our proprietary data, we’ve highlighted a few key findings in CEO ownership at European biopharma companies, and we’re prepared to dive deeper into your questions to help shape and inform your rewards strategy.

Published: July 2019
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Radford Q1 2019 Life Sciences Workforce Trends in Asia

Following the publication of Radford’s Q1 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The data reveal caution for key markets in Asia, as the prevalence of firms with aggressive hiring plans has dropped in almost every country across the region since last quarter.

Published: May 2019
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Radford Q1 2019 Life Sciences Workforce Trends in Europe

Following the publication of Radford’s Q1 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across key European economies, including Denmark, Germany, Ireland, Norway, Poland, Sweden and the U.K. Compared to last quarter, Germany, Ireland and Poland appear appear to be putting the breaks on headcount growth while companies in the U.K. are more optimistic.

Published: May 2019
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Radford Global Workforce Trends at Life Sciences Companies as of Q1 2019

Following the publication of Radford’s Q1 2019 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the U.K. and the U.S. The data shows mixed results for hiring plans. Brazil, Russia and India appear more cautious about headcount growth, while the U.K. and China are more optimistic vs. the previous quarter.

Published: May 2019
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q1 2019

Following the publication of Radford’s Q1 2019 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at US-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, the competition for talent has cooled slightly among pre-commercial firms, while commercial firms are adopting a more optimistic outlook, with a 10% increase in the amount of firms reporting aggressive hiring plans.

Published: April 2019
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Radford Q4 2018 Life Sciences Workforce Trends in Asia

Following the publication of Radford’s Q4 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The data reveal growing optimism across key markets, as the prevalence of firms with aggressive hiring plans has risen drastically in many countries across the region from Q3 to Q4.

Published: February 2019
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Radford Q4 2018 Life Sciences Workforce Trends in Europe

Following the publication of Radford’s Q4 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across key European economies, including Denmark, Germany, Ireland, Norway, Poland, Sweden and the U.K. Compared to last quarter, Germany appears more optimistic about planned headcount growth while companies in Ireland and the U.K. are putting the brakes on hiring.

Published: February 2019
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q4 2018

Following the publication of Radford’s Q4 2018 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at US-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, pre-commercial firms are a bit more aggressive about hiring plans, while commercial firms are far more cautious, with a 16% decrease in the amount of firms reporting aggressive hiring and a 10% increase in the amout of firms hiring selectively.

Published: February 2019
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Radford Global Workforce Trends at Life Sciences Companies as of Q4 2018

Following the publication of Radford’s Q4 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the U.K. and the U.S. The data shows strong increases in aggressive hiring plans in Brazil, China and Germany, while other economies appear more cautious.

Published: February 2019
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Radford Turnover & Hiring Sentiment by Commercial Stage at U.S.-Based Life Sciences Companies as of Q4 2018

Following the publication of Radford’s Q4 2018 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at US-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, pre-commercial firms are a bit more aggressive about hiring plans, while commercial firms are far more cautious, with a 16% decrease in the amount of firms reporting aggressive hiring and a 10% increase in the amount of firms hiring selectively.

Published: February 2019
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Promotion Practices at Life Sciences Companies in the United States

What percentage of your staff will you promote this year? Our research shows that, on average, 11% of life sciences company employees were promoted last year, with average base salary increases over 9%.

Published: January 2019
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Q3 2018 Life Sciences Workforce Trends in Europe

Following the publication of Radford’s Q3 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across key European economies, including Denmark, Germany, Ireland, Norway, Poland, Sweden and the UK. On par with last quarter's data, Scandinavian companies aren’t pursuing aggressive hiring quarter over quarter. Ireland continues to stand out with high aggressive hiring as aggressive hiring in Poland and the UK make healthy upticks vs. last quarter.

Published: November 2018
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Q3 2018 Life Science Workforce Trends in Asia

Following the publication of Radford’s Q3 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The data reveal growing caution across key markets, as the prevalence of firms with aggressive hiring plans has dropped drastically in many countries across the region from Q2 to Q3.

Published: November 2018
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Global Workforce Trends at Life Sciences Companies as of Q3 2018

Following the publication of Radford’s Q3 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the world’s major economies, including Brazil, China, India, Germany, Russia, the UK and the US. The data shows strong increases in aggressive hiring plans in most key markets, although China and Germany saw downturns.

Published: November 2018
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Turnover & Hiring Sentiment by Commercial Stage at US-Based Life Sciences Companies as of Q3 2018

Following the publication of Radford’s Q3 2018 Workforce Trends Report for life sciences companies, our team took a deep dive into hiring plans and turnover rates at US-based firms, segmenting the data by the pre-commercial and commercial stages of development. This quarter, pre-commercial firms are a bit more cautious about hiring, while commercial firms are experiencing a boost in aggressive hiring plans approaching the end of the year.

Published: November 2018
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Q2 2018 Life Science Workforce Trends in Asia

Following the publication of Radford’s Q2 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across the major economies in Asia-Pacific, including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The data reveals mixed results across key markets, with companies in several countries reporting plans to aggressively grow their headcount while others plan to scale back hiring.

Published: September 2018
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Q2 2018 Life Sciences Workforce Trends in Europe

Following the publication of Radford’s Q2 2018 Workforce Trends Report for life sciences companies, our team examined hiring plans and turnover rates across key European economies, including Denmark, Germany, Ireland, Norway, Poland, Sweden and the UK. The data shows that Scandinavian companies aren’t pursuing aggressive hiring quarter over quarter, instead hiring at their normal rates. Ireland, however, stands out with a dramatic increase in aggressive hiring as more of the industry’s players set down roots in the country and actively recruit talent.

Published: September 2018
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