In a previous article, we highlighted the importance of recruitment excellence in the pharmaceutical industry. In the face of skills shortages and a looming talent crisis, attracting, recruiting, and retaining top talent has become a strategic imperative. If not addressed, it hampers the pharmaceutical supply chain's ability to bring life-changing molecules to market.
This article focuses on the hiring manager's pivotal role in recruitment and why elevating their skills is essential.
Research by Bersin shows the strongest factor drivingsuccessful talent acquisition is the strength of the relationship between hiring managers and recruiters. Like athletes in a relay race team, they work together, acting with speed and accuracy to secure top talent. However, the reality is often very different. 57% of recruiters feel that hiring managers do not understand recruiting, while 63% of hiring managers think that recruiters do not understand enough about the jobs they are filling. The result? A fragmented candidate experience, lost talent and wasted resources.
In the pharmaceutical industry, the competition for top-tier talent cannot be overstated. A strong organisational hiring culture is essential; everyone is a talent magnet. Perhaps the most pivotal role is the hiring manager. Effective hiring managers attract and engage top candidates, where as those who lack recruitment skills risk losing the talent essential for your company's growth. This is underscored by the fact that nearly half (49%)of job seekers have turned down a job offer due to a negative experience during the hiring process (PWC).
Therefore, hiring managers are crucial to shaping the pharmaceutical industry's future. Equipping them (and the wider talent acquisition team) with the knowledge and skills to recruit wellis beneficial and contributes to the business's long-term sustainability and growth.
Investing in the skill development of hiring managers is an investment in the future success of your organisation. Here's why:
At Vector, we are developing a learning solution specifically for hiring managers in the pharmaceutical industry. The solution focuses on enhancing their ability to make better, fairer decisions while authentically representing your brand. We've distilled our recruitment expertise into a comprehensive course covering every aspect of the recruitment process, providing a scalable and cost-effective way of embedding higher standards of talent acquisition in your organisation. Get in touch to learn more.
Summary
Investing in the training and development of hiring managers s an investment in the future of the pharmaceutical industry. It ensures that the right people are in the right roles, driving innovation, ensuring compliance, and ultimately, contributing to the health and well-being of people worldwide.