CA Hiring and Compensation Report Open for Participation
Securing talent in today’s tight labor market is a leading concern of California life science employers. The explosion of new technologies, competitive and volatile markets, the state’s high cost-of-living, new workplace structures and cultures, and an increasing convergence with tech are exacerbating the challenging task of acquiring the talent needed to drive life science innovation in the state.
The California Life Sciences Institute (CLSI) has launched the 2020 CA Workforce Trends Report, a biennial report designed to address the industry’s most pressing talent needs. The California report is an important tool in our conversations with legislators, life science companies, academic institutions and other key stakeholders who want to ensure that our industry’s talent pipeline is strong. The California report feeds into a national report of the Coalition of State Bioscience Institutes (CSBI), a 42-state coalition and BIO affiliate, to shed light on this issue nationally. Both reports will be released this June at the BIO International Convention.
This year, for the first time, CSBI and its state affiliates are also collaborating on a national companion compensation report. The compensation report will break out hundreds of positions by research specialty, region, size and other factors, and will be offered to participants at a very low price point ($400 – $800) based on company size. Together the reports will be a premier source of detailed compensation, hiring and HR policy data for life science organizations across the country. Entries for the compensation report must be collected by March 12.
Prior issues of the California Workforce Trends report have been used in testimony before the CA Select Committee on Biotechnology, briefings with legislative staffers, HR Conferences, BioSpace and other media interviews, and industry and academic conferences. The report highlights the state’s leading life science occupations by region (Bay Area, Los Angeles and San Diego), current and anticipated hires and difficult-to-fill-positions, formal initiatives promoting diversity, and key trends that are impacting talent needs. It also looks at industry-academic partnerships that are building skills and creating access to life science careers. Data collection for this report ends on March 31.