Life Sciences
Innovation, agility, and collaboration have always been the cornerstone of the Life Sciences industry. The demand for cures to disease, new techniques for diagnosis and treatment, and other advancements that improve the quality of life are never ending. The need for highly skilled talent to deliver these breakthroughs never been greater.
Extending your workforce to include professionals on assignment in your company for a specific task and/or for a limited period will enable you to connect with the skills you need while increasing your agility. They bridge skills gaps, fill in during periods of peak demand, and increase your workforce composition flexibility.
Concerned about the complexity associated with engaging individuals temporarily? nextSource will take on all administrative responsibilities – candidate screening, compliance with employment regulations, staffing supplier oversight, worker onboarding, payment and invoicing, and more. You focus on identifying needed resources, and we’ll do the rest. We are a professional services firm – not a staffing agency - so you can be assured that we’re working solely in your interests.
Addressing Key Talent Challenges in the Life Sciences Industry
Business Challenges
- Drug launch complexity, cost and failure rate
- Inflation Reduction Act alters reimbursements for future investments
- Capital-constrained operating environment
- Ongoing regulatory changes
- Rapid pace of scientific and technological advancements
- Rising costs of technology integration
PHARMACEUTICALS
BIOTECHNOLOGY
MEDICAL DEVICES
Labor Challenges
- New sources of competition for specialized talent
- Availability of AI talent to expedite drug discovery, clinical trials and regulatory approval
- Understanding of the science and tech behind the products being commercialized.
- Pandemic-driven inflated hiring and salaries
Workforce Solutions
- Extended workforce & outsourcing options
- Skill-based hiring
- Embrace AI & automation
- DEI and other initiatives to reach passive candidates
- Partnerships with contract development and manufacturing organizations (CDMOs)
Business Challenges
- Drug launch complexity, cost and failure rate
- Inflation Reduction Act alters reimbursements for future investments
- Capital-constrained operating environment
- Ongoing regulatory changes
- Rapid pace of scientific and technological advancements
- Rising costs of technology integration
Labor challenges
- New sources of competition for specialized talent
- Availability of AI talent to expedite drug discovery, clinical trials and regulatory approval
- Understanding of the science and tech behind the products being commercialized.
- Pandemic-driven inflated hiring and salaries
PHARMACEUTICALS
BIOTECHNOLOGY
MEDICAL DEVICES
Workforce Solutions
- Extended workforce & outsourcing options
- Skill-based hiring
- Embrace AI & automation
- DEI and other initiatives to reach passive candidates
- Partnerships with contract development and manufacturing organizations (CDMOs)
When Working with nextSource You Can Expect:
Flexibility and Scalability
By outsourcing workforce management, Life Sciences companies can adjust their staff size based on business needs. nextSource will work with suppliers and professional associations to find the specialized skills and expertise without needing to hire permanent employees.
Cost Efficiency
We will help you save money. We conduct baseline evaluations, establish cost reduction targets, negotiate market rates with service providers, simplify processes, incorporate cost controls and eliminate hidden costs, resulting in greater return on investment.
Expertise and Focus
Our program teams bring expertise in workforce management and experience in working for or supporting life sciences companies. This combination enables us to take your program beyond operational efficiency to ensure that the program delivers scalability, governance, adaptability, ongoing business value.
Compliance and Risk Management
Our knowledge of Federal, State and Municipal labor regulations and employment laws enables you to lower risks related to engaging agency contractors, project services teams and independent consultants.
Technology and Innovation
nextSource will recommend the workforce technology that best aligns with your priorities, and support your team’s use every step of the way. We work with all leading technology suppliers to implement and utilize platforms that improve efficiency, deliver real-time workforce data, provide insightful data and analysis, and make the overall workforce perform better.
Access to Best Fit Talent
nextSource and our staffing partners utilize innovative solutions to finding and sustaining great talent such as Curated Talent Communities, Candidate Satisfaction Monitoring, Contractor Training and Enhanced Supplier Nurturing. As a certified woman-owned enterprise we are committed to helping clients build a diverse supply base and increase access to diverse candidates. And, our unique approach to creating talent communities enables you to re-engage great talent for future needs.