Watch for the 2015 Annual Workforce Report next week!
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Paula J. Norbom, Founder & President, Talencio
Talent scarcity is something that we are hearing a lot about these days. According to a Staffing Industry Analysts report on January 25, 2016, 72% of HR directors, talent, and business leaders surveyed worldwide reported that talent scarcity has negatively affected their business. Within the Minnesota medical community, in 2015, we specifically saw a shortage of talent in engineering, quality and regulatory.
The demand stems from an increase in:
- Expansions in existing companies like Lifecore Biomedical, Cardio3 BioSciences, Creganna Medical, Sil-Pro, Mayo Clinic, Entellus Medical, Prime Therapeutics and many others
- New company formations at higher than pre-recession levels – 101 in 2015 compared to 63 new companies in 2009
- Record health technology investments – $434.9M in 2015 compared to $269.5M in 2011, the first year Medical Alley captured the data
- Increased regulatory hurdles (continue reading)