ROCHELLE PARK, N. J.--(BUSINESS WIRE)--ZRG Partners has announced the findings for the fourth quarter Global Life Sciences Hiring Index. Hiring activity during Q4 2016, despite slowing slightly from the previous quarter, remained at historically high levels and a more than 20% year-over-year increase.
Looking at the major geographies, Q4 hiring continued to the show growth year-over-year in both the EMEA and APAC regions, with APAC posting the highest hiring levels on record. Functionally, R&D hiring continues to strengthen - this quarter marked the 6th straight quarter of increased activity.
ZRG European President and Global Practice Head of Life Sciences, Adam El Din commented, “growth year-over-year can be attributed to the fact that many of the cheaper drugs in the United States come from abroad. Any moves to curtail these imports could raise drug pricing.”
David Fortier, Managing Director – Global Life Sciences added, “We see the focus on execution and fierce competition to get first approval with a successful launch in specific therapeutic classes driving continued high demand for proven leaders across clinical development, regulatory affairs, and market access. The strengthening of both Europe and hiring within medical devices are also positive signs for the broader industry.”
About ZRG Partners
ZRG Partners, LLC is a global authority on talent management in the Life Sciences, Pharmaceutical and Medical Device markets. ZRG provides its clients with specialized global market expertise in executive recruitment, consulting and advisory work with a focus on data and analytics to drive great business decisions.
The Global Life Sciences Hiring Index analysis utilizes a proprietary algorithm that looks at hiring within selected benchmark companies in three distinct segments. The companies in the index generate over $640 billion in revenues and employ over 1.3 million people globally. ZRG Partners conducts extensive direct market research in developing the data that drives the Index.
For more information about ZRG visit zrgpartners.com