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The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

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Choose New Jersey’s RFP Watch provides up-to-date information on business opportunities throughout the Garden State at a cost that is affordable for all companies – with a place of business in New Jersey – large and small.

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PwC Health Research Report: Biopharmaceutical Industry Facing Hiring Difficulties, R&D Talent Gap

New York, NY, February 5, 2013 — A talent gap in the scientific workforce has biopharmaceutical companies searching outside for fresh skills and alternate approaches to R&D staffing, according to PwC’s Health Research Institute (HRI) in a new report.

In addition, the research found that new R&D organizational models based on partnerships, alliances and even crowd sourcing are changing talent needs, challenging traditional talent management strategies and redefining the role of human resources (HR) in R&D productivity. 

HRI’s report, “New Chemistry: Getting The Biopharmaceutical Talent Formula Right,” takes an in-depth look at the changing R&D model and what it means to workforce design.  Among its key findings:

  • 51 percent of top executives report that hiring has become more difficult than before.
  • Only 28 percent feel very confident they will have access to top talent.
  • 72 percent of executives said their organizations are looking to increase R&D capacity over the next 12 months, and six in 10 intend to increase investments over the next three years to create a more skilled workforce.
  • HR must be more tightly integrated to R&D organizational decision making and a strategic function in all cases.
  • Developing and managing outside partnerships and regulatory science are the two most sought after R&D skills.
  • Performance incentives should combine “soft” and “hard” metrics.
  • Scientists want career paths that recognize and reward their passion and commitment to science.

For the entire PwC press release, click here.