MPO: upskilling your workforce to stay ahead of labor needs.

With accelerated product development and rapid digitalization, the most in-demand skills for the medtech sector are changing. To ensure continued innovation and a steady supply of new products and services — despite talent scarcity and growing skills gaps — medtech companies are putting more focus on developing the skills of their existing talent.

According to Randstad Enterprise’s 2023 Talent Trends research, 88% of C-suite and human capital leaders in the life sciences industry say developing their teams’ skills is an effective way to combat growing scarcity. Meanwhile, 68% report increasing their spending on training and development over the last year.

With skilling shown to help increase workforce engagement, productivity and retention, professional development should be part of a robust talent strategy. To be most successful, though, any skilling program should include creating a skills taxonomy to identify adjacent skills clusters, find internal talent qualified for open roles and determine the level of training and skilling they need.

Read more about how to solve for talent scarcity in MPO, then get your copy of the Randstad Enterprise 2023 Talent Trends life sciences and pharma sector report.