Research has revealed that over the last three years talent management has taken a back seat in the Life Sciences industry.
Even though 90 per cent of Life Science Executives realise talent management is a key priority, nearly three quarters are failing to deliver this in practice. Much of this has been blamed on the continuing impact of change and sluggish economic conditions.
The study was conducted for Interim Management company RSA and its Executive Chairman said: “In today’s highly competitive Life Sciences industry, a critical success factor for executives is to fully understand the talent they have within their business and how they organise and supplement it for the future. Our research shows that in the Life Sciences industry, the active management of high potential individuals and leadership development remain high priorities.”