British based drug companies have been struggling to attract talent from overseas since the Brexit vote according to an article in the Telegraph.
Research has shown that the proportion of applicants from outside the UK for senior roles at pharmaceutical firms has fallen from around 40% to 15% in the year and a half since the referendum.
Pharmaceutical giant AstraZeneca said on this subject, while it was “in part reassured” by the Government’s commitment to the sector since the referendum, it remained concerned. They went on to say “continuing uncertainty around Brexit is impacting recruitment for skilled roles and we anticipate that some international applicants may go elsewhere until they know more about their future employment and security for their families in the UK.”
This article echoes the thoughts that were stated last year in the Independent by Ivan Jimanez, the head of Bizkaia Talent, an organisation that aims to keep skilled people in the Basque Country.
Nearly 50% of Basque graduates have science, technology and engineering qualifications which are critical to the UK economy. The UK has relied on attracting overseas talent for a long time and it’s been widely accepted that not enough British students have been studying these subjects to keep up with the demand. Because of the economic situation in Spain, the UK became a more favoured destination for Basques. Jimanez states that following the Brexit vote, this flow is beginning to reverse.
Interestingly we at CK Science are tackling this issue by casting the net far and wide to attract talent for our customers including setting up a new office in Switzerland to meet the growing demand for talent here. We are also members of the International Network of Recruitment Agencies in Life Sciences (Inrals), where we have the ability to access talent and help our customers recruit in up to 56 countries.
If your talent attraction strategy needs an additional measure to help you secure talent for the UK from overseas, please get in touch with us to see how we can help.