Login  /  Register  /  Search

Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Talent in Medical Alley

Watch for the 2015 Annual Workforce Report next week!

READ THE FULL DOCUMENT

Paula Norbom

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)

Talencio Logo