HIGH LIGHTS FROM THE STUDY

• Hiring and retaining talent is viewed as a Top-3 HR challenge in the Life Sciences space

• Life Sciences companies are implementing personalized HR strategies to meet unique employee needs, and 

• AI is making it easier to create more personalized strategies

• More employee on-site presence is expected by companies in the Life Sciences space

• Employee backlash and increased turnover is expected as companies are moving to more on-site presence

• Favoring in-person vs. remote workers is revealing a proximity bias in Life Sciences companies

• Companies are increasing their focus on mental health benefits as part of their employer branding efforts

• Companies are currently changing their HR processes to address labor shortages

• The labor market is not expected to shift in favor of employers over employees any time soon

• There is an concern that the continuous increase in regulations will impact profitability negatively as companies are increasing their costs within compliance - an area that has already seen an explosive development in costs

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