The COVID-19 pandemic has created major challenges for human resource departments across all industries. These departments have the tall task of finding talent, shortlisting them based on virtual interviews and assessments, and then welcoming new recruits into the organization without meeting them in person.
Let’s look at some recruitment challenges that companies are struggling with:
Biotechnology refers to the use of living organisms or biological systems to develop products, particularly, biopharmaceutical drugs. Industrial biocatalysts, biofuels, and genetically modified organisms are among many other products that are driving fantastic growth in the biotech sector.
The United States and Europe are key regions for the global biotech industry and account for about $140 billion in revenue. The US alone generates more than $112 billion of revenue and accounts for $700 billion of the industry’s total market capitalization.
If you’re a young executive looking to make the next big move in your career, here is why you should consider the biotech industry.
Modeling legend and creator of America’s Next Top Model, Tyra Banks, has been teaching a class at Stanford’s Graduate School of Business for almost three years now.
What can a former supermodel possibly teach a class of business students at one of the nation’s most esteemed universities, you ask? Personal branding, of course!
The course teaches students how to “build and extend your personal brand.” It may seem strange for an institution like Stanford to hire a supermodel to teach a business course to graduate students, but there really is no one better for the job.
Tyra Banks has been building brands since the mere age of 13, and eventually making an empire. She runs multiple businesses, owns production studios, and recently launched ModelLand, which is an experience-centered venue that allows customers to live and feel like a model for a day.
Thanks to her knack for personal branding, Banks has proven that she’s a lot more than just a runway model. Her personal brand and charisma have given her career longevity.
Want to build a personal brand? Here are some personal branding rules you should always keep in mind:
As an employer, you have a huge responsibility to see who you take on board; because the consequences of a bad hire can be irrevocable. An ineffective employee can lower the company’s productivity level. For instance, you may have invested an equal amount of resources in the staff member, but are experiencing less output from them. Other employees may be forced to take on additional responsibilities to compensate for the lacking of a bad employee. They may have to work…
Selecting the right candidate is important because they can help take your business to new heights of success. A good hire can help increase the performance of the organization, driving business growth and profit. They easily blend in with any job role provided to them and influence those around them with their exemplary professionalism. A dedicated and hardworking employee also helps reduce the workload on the part of other employees. They are a real asset to the company and a…
For any company, ensuring that their employees are enthusiastic and committed to their job is crucial to their long-term success. Not only do engaged employees make more productive workers but it also translates to lower turnover rates, higher customer satisfaction and overall a more friendly and transparent work environment. In fact, organizations with strong employee engagement reported revenue growth at a rate 2.5 times higher than those with lower employee engagement. Despite its importance, however, a survey by Gallup revealed…
While technology has allowed recruiters to reach out to more candidates than they could otherwise, it has also meant that recruiters have to shuffle through thousands of resumes and hundreds of interviews before they are able to select a candidate for the job. But, oftentimes, the picked candidate doesn’t prove to be an ideal fit for the organization. The result of the long recruitment effort yields a suboptimal outcome. Picking the wrong candidate harms both them and your company. It…
Nobody wants to see their best employees leave their company. A suitable replacement may be difficult and costly to acquire, and in the meanwhile, you will have to deal with the drop in productivity and the increase in workload for the rest of your staff. There are some motives outside of the employer’s control, such as life events that may cause a good employee to leave. However, in the majority of cases, the reasons behind them quitting may relate to…