facing exponential growth, life sciences company scales hiring with intelligence advisory.
company uses location-specific data and proven best practices from Randstad Advisory help organization successfully add talent across global operations
client
a leading global life sciences company
goals
To prepare for rapid growth, the company sought to expand its hiring and benefit from new skill sets, while enhancing process efficiency and ensuring global coverage. To achieve these objectives most effectively, the company needed data and external expertise.
solution
Collaborating with Randstad Advisory, the company gained access to in-depth, data-based recommendations to drive informed decisions. Data helped reveal how the organization could best scale hiring to support its immediate talent needs and fuel future growth.
key results
- In-depth data and comprehensive analysis inform talent acquisition strategy and support rapid growth.
- The company now fills key roles in selected locations with speed and better integrates AI into key customer-facing positions.
- With a responsive recruiting strategy toolkit, the company has a solid foundation to handle expansion and ensure sustainable success.
the right path to scaling growth
As a leading life sciences company with a growing, global presence, this organization was on a robust path of expansion. While learning how best to ramp up hiring in an increasingly competitive landscape, it also had to ensure new headcount was added in the right locations — where they would be most effective in supporting business goals.
Leaders needed to know where they should add talent, but they also needed advice on where to create new legal entities, where the organization should enter new markets for scaling and the best ways to do so.
To boost process efficiency, it was also critical that the organization identify which of its operating functions had to coexist in the same locations. This would make it possible to map positions in unison against all existing sites. But there was limited insight into factors like the supply of qualified candidates in its existing locations and potential areas of expansion. Leaders also lacked visibility on labor costs and competitive presence, making it challenging to form an effective recruiting strategy.
The company sought external guidance to address these challenges and develop a focused and informed plan for how to best capitalize on its growth potential.
data-driven insights for smarter talent decisions
The company engaged Randstad Advisory — which works with businesses to unlock human potential and elevate organizational performance — as a first step to optimize its talent strategies and support future growth.
The intelligence advisory team conducted scoping discussions with the company’s key stakeholders to fully understand its goals, current state and what’s been done so far. This ensures a laser focus to achieve the objectives of the engagement. Randstad Advisory performed extensive data capture work, based on dozens of data sources, to ensure its recommendations were not only effective, but could be curated and funneled in a clear way to better guide the company’s decision-making. As a result, Randstad Advisory was able to identify potential roadblocks and intervene accordingly.
For instance, the discovery process revealed that the company’s existing skill-matrix created some limitations. One of the organization’s most important roles for the coming year required five years of experience with a technology that had only existed for three years. With enhanced visibility, the company is able to remodel these outliers and ensure job ads accurately reflect the skills landscape and the organization’s actual needs.
Many of the roles the company needs to scale are customer-facing. To get the most agility out of its locations and better serve its clients, the organization realized that teams should be placed in time-zone friendly geographies. With advanced intelligence advisory, the company is now able to determine the markets and locations that will help it establish true global coverage. And with clear local insights on talent supply, labor costs and competitive pressures, the company is able to identify which locations will be best when it’s ready to scale up again.
an agile approach to sustainable growth
With Randstad Advisory’s talent advisory services, the life sciences leader has gained access to in-depth data and comprehensive analysis that informs its talent acquisition strategies and supports a business imperative for rapid growth.
Equipped with these talent insights and external expertise, the company has been able to fill key roles in selected locations with speed. It also gained crucial advice on how to better integrate AI into key customer-facing positions to enable greater agility and productivity.
Based on the insights gained throughout the process, the company has a toolkit to establish agile and responsive recruiting strategies. As a result, the company has a solid foundation to handle its current expansion, and to ensure long-term, sustainable success.