Biocom California Institute and California Life Sciences Release 2021 Life Sciences Workforce Trends Report for California

California’s life sciences industry continues to be a consistent engine of economic growth and high-quality job creation for the state

Excerpt from the Press Release:

SAN DIEGO, LOS ANGELES & SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Biocom California Institute, a 501(c)(3) non-profit that supports life science innovation by strengthening the workforce and leaders of tomorrow, and California Life Sciences, a membership organization, advocating for the sector and its diverse innovation pipeline, announced their joint report, “2021 Life Sciences Workforce Trends.”

The report includes the most pressing current and projected talent needs of California’s life sciences industry, which continues to be a leading driver of employment across the state. The three foundational datasets described, include the number of job postings from January 2017 to December 2020, hiring survey responses and insights from executive interviews. This year’s report also includes key findings surrounding the global COVID-19 pandemic response and how diversity, equity and inclusion (DE&I) impacted talent and hiring dynamics.

“While there is no question that the life sciences industry is resilient and accustomed to rapidly changing workforce trends that stem from significant growth, discovery, and churn, the disruptions of the past 19 months have redefined the way these companies operate,” said Lori Lindburg, Senior Vice President, Innovation & Inclusion at California Life Sciences, and President & CEO of the Institute. “Industry executives are deftly and simultaneously navigating a complex set of business imperatives – remote work and return-to-work contingencies, employee recruitment, and strategic diversity and inclusion objectives – to remain at the forefront of California innovation and growth.”

California’s life sciences industry continues to be a leading employer and driver of economic growth for the state, creating 385,203 unique job opportunities from January 2017 through December 2020. Three industry subsectors accounted for 91% of the total job postings, which included drug and pharmaceutical (36%), medical devices and equipment (29%), and research testing and medical laboratories (26%). During this time, the overall number of life science job postings across the state increased 20%, despite disruptions from the COVID-19 pandemic, which contributed to a 16.5% decrease in the number of jobs from 2019 to 2020 across all industries.

Click the button below to read the entire Press Release:

Continue Reading The Press Release