Science sector will trigger increase in related
jobs.
The
latest Hays Quarterly Report has found demand for talent in the life sciences
sector will be strong and competitive in Singapore. Manufacturing capacity is
growing in Asia at a quicker pace than other parts of the world, resulting in
an increased number of pharmaceutical and healthcare plants setting up in
Singapore. Singapore’s strategic location makes it an ideal regional hub, and
new set-ups are in dire need of the technological know-how that is crucial to
their success.
“This has
led to companies sending local talent abroad to facilitate technology transfer
between headquarters and Asia,” says Lynne Roeder, managing director for Hays
in Singapore. “Tech-transfer experts with the right skills to speed up
research, technology and processes are highly sought after.
“Local
talent remains a preference of employers for their knowledge in local
regulations and processes as well as employee stability,” Lynne continues.
“Those with technical expertise and excellent soft skills are able to command a
premium as companies seek commercial-minded talent with strong technical
backgrounds.”
The life
sciences support industries, including medical instruments and laboratories,
are also growing in tandem with the pharmaceutical industry. Hays expect to see
a higher need for technical specialists who are customer-focused to drive
deeper relationships between the support and life sciences industries. As
Singapore invests heavily in healthcare, there will also be more hospitals open
or undergoing upgrading and planning. This in turn will fuel the competition
for talent in the medical and healthcare instrument businesses. In terms of
candidate trends, Hays says that life sciences professionals are now more open
to job changes post-bonus season.
“Many
candidates are willing to work at upcoming new plants for the career
progression opportunities they provide,” says Lynne. “Some candidates will
accept lower salaries to join new projects as newly established firms and
plants offer them the full spectrum of exposure in research development and
operations management.
“It will
continue to be a candidate-short market given the keen interest from investors
in the life sciences sector,” Lynne adds. “It is imperative for firms to secure
the right talent from the start to ensure excellent knowledge transfer and lay
the foundations for future succession plans and growth.”
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