A lot of media attention in 2011 has been has been devoted to the BLS (US Bureau of Labor Statistics) Unemployment Report. You may have wondered, "What are the implications for my industry, Life Sciences?"
Since we are winding down 2011 and looking forward to 2012, I wanted to share some brief perspective from Klein Hersh International with you.
As a niche provider of executive search and consulting services specifically targeting the Life Sciences vertical for the past 12 years, we have experienced six consecutive record breaking months.
As our business has traditionally been a leading indicator of what is to come from a broader macroeconomic perspective, we feel that we are in the early stages of tremendous reinvigorated growth in the Life Sciences. We see and feel further reinforcement as we speak daily with thousands of hiring managers, key decision makers, and top professionals in the industry. We are collaborating with these people right now to bolster their teams for strategic growth, and / or personal career enhancement to be best positioned for this growth in 2012 and beyond.
Below is an update about the broader employment market in November, which reflects slow but consistent overall economic recovery. Not exactly consistent with what is reported in the media, is it? Typically, the belief is that life sciences companies have very different pressure than the broader economy and employment market. But what do you think? As you begin to build and execute your talent plans for 2012, we hope you'll engage with us further in this dialogue.
Any feedback is welcome.
Josh AlbertHuh. I don't think there's any really compelling reason for them to lie, but I find this to be not really what I'm seeing from the broader macroeconomic trends. While I do see some positive signs in the overall labor market, I think I see far more threats (Europe, outsourcing, pipeline problems, decreasing labor force participation) than I see promising signs. Nope, don't see it at all.
Klein Hersh International
Best wishes to all of us.