National Compensation Guide Gives Biotech Companies a Strategic Edge in Recruitment and Retention

OTTAWA, Ontario--(BUSINESS WIRE)--BioTalent Canada announced today the release of its sixth annual National Compensation Guide for the Canadian bio-economy. The guide is designed to give employers the valuable compensation data they require to plan highly effective recruitment and retention strategies.

“Hiring the right people is the most important thing a company can do and the competition for talent has never been fiercer than it is today across the Canadian bio-economy,” says Rob Henderson, President and CEO of BioTalent Canada. “Our focus has always been to make sure that biotech employers can access and retain the best available talent. The National Compensation Guide is a resource that helps drive that focus.”

This comprehensive compensation guide—available for the first time digitally and in both official languages—reviews 36 of the most popular job titles and skills profiles within the Canadian bio-economy. It gives organizations the ability to:

• access affordable industry-standard compensation practices,
• benchmark company compensation practices,
• benefit from market intelligence to recruit top talent and reduce churn, and
• tap into peer and competitor market knowledge to hire with confidence and success.

“Salaries are a major factor in a candidate’s career decision. However, it’s not the only consideration,” says Henderson. “This guide is but one tool—albeit an important one—in an organization’s toolbox. A compelling HR program consists of a myriad of components like work-life balance, flexibility, health and wellness benefits and a company’s core values.”

For more information on the National Compensation Guide, visit biotalent.ca/CompensationGuide.

About BioTalent Canada
BioTalent Canada™ is the HR partner of and catalyst for growth in Canada’s bio-economy. Our engagement with employers, associations, post-secondary institutions, immigrant serving agencies and service providers has built a dynamic network that is strengthening skills, connecting job-ready talent to industry and creating opportunities. Recently awarded a Great Place to Work® Certification, BioTalent Canada practices the same industry standards they recommend to their stakeholders.

Recently, BioTalent Canada was named one of Best Workplaces in Ontario for 2020 and Best Workplaces in Healthcare. These distinctions were awarded to BioTalent Canada following a thorough and independent analysis conducted by Great Place to Work®. Direct feedback from employees was provided to Great Place to Work® through a staff survey.

For more information visit biotalent.ca.