Medtech Employers Need to Keep Pace with Job Market

The medical device and diagnostics industry is a smart place to build a career. Professionals working in the field say they enjoy the work for the chance to pioneer new medical advances, to solve challenges, and to make a positive impact for patients. For the past few years, medtech employees have been able to call the shots, with an abundance of well-paying, meaningful roles and continued growth in the sector. As the trend toward crossover with consumer tech continues and as other industries piles on cool perks, high salaries, and prestige, leading medtech recruiters are urging medtech companies to keep an eye on their key talent. Strong Hiring Market Continues The hiring market continues to be strong, favoring candidates. Mike Travis, principal at recruiting firm Travis & Company, Inc. in Newton Center, MA, explained, “It’s a great time to be an employee, because if you’re a top performer, you are really in the driver’s seat.” The strong job market seems to be driven not just by a healthy economy, but also the pace of mergers and acquisitions in the industry. Of the professionals who responded to the 2017 MD+DI Medtech Salary Survey, 42% said their organization had been involved in an acquisition or merger during the prior 12 months. As companies combine, employees switch firms, leaving behind open positions that need to be filled. Dan Newhall, managing partner at NCompass Recruiting, a San Francisco-area firm specializing in medical device and biotechnology p...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news