Headhunting for the Life Sciences industry in China

The past decade has been a successful period for China’s life sciences industry as the sector expanded at a faster rate than the whole of the economy. With a focus on R&D, and a government investment of $158 billion in 2019 alone. The sector includes pharmaceuticals, biotech, medical devices, and healthcare services. With a large and aging population, the demand for advanced medical products and services is high, making the industry poised for continued growth. 

Life Sciences Headhunting in china

The Life Sciences sector has experienced considerable growth in recent years. This sector is home to many enterprises where opportunity and innovation are constantly on the horizon, headhunting companies can be used to deliver the right executives to grab those opportunities 

Enterprise agility will need to be prioritized more in these uncertain times. Headhunting companies should promote candidates who believe in flexibility which is required in the new world of virtual and hybrid work, and most life sciences organizations will still be getting used to new norms and a fiercely competitive talent market in the near future. 

An example of development and competition in this sector is China. In the past five years, China’s domestic healthcare and life sciences (HLS) industry has grown at an unheard-of rate, particularly in terms of investments, accelerated innovation, and corporate expansion. In fact, sales revenue has grown an average of 21.4 percent annually

 It is noteworthy that in 2019, the manufacturing of pharmaceutical equipment had the highest year-on-year growth of 12.6%. China, already one of the largest healthcare markets in the world is now poised to become one of the major forces behind pharmaceutical innovation around the world. This rapid development has led to talent gaps for headhunting companies to fill 

Some of the talent-related trends we have seen in China’s health care and life sciences sector are the relocation of executives out of multinationals to more domestic companies and Chinese expatriates returning home and taking part in the rapidly expanding advances and a positive regulatory environment in the biotech industry. This could generate opportunities in a market that still has a plenty of room to expand. 

Life Sciences is undergoing an almost unprecedented change, the irruption of technology has revolutionized both their products and the way these are being sold. The wide scope of sectors within life sciences we operate in has allowed us to work with all types of stakeholders within the industry. Our expertise in this area extends from pharmaceutical companies to biotechnology, medical technology (Medtech), diagnostics, generics and continues to grow alongside the evolution of the market. 

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Automotive

The changes in the automotive industry will become a great opportunity for those organizations that are willing to adapt. To successfully navigate the ever-changing market, automotive companies need leaders with the right set of technical skills and a high capacity for agile learning. Know more

Consumer, Retail & Luxury

A talent gap has emerged due to the radical transformation that the consumer, retail and luxury sector has undergone as a result of the COVID-19 pandemic and technological advances of the las years, especially in China. Exceptional executives, who can navigate the volatile and changing landscape of this industry, are now needed. Know more

Education & Not-For-Profit

Education is not immune to the changes that continue to occur following the events of the last couple of years and the development of technology. Factors like rising mobile device usage and rising desire for individualized learning are fuelling the demand for digital education content which resulted in the rapid adoption of internet-enabled gadgets and the growth of the digital education business. Know more

Financial Services

Since the global financial crisis, financial services have been redefined due to an unpredictable macroeconomic climate, ongoing market consolidation, and increased regulatory and investor scrutiny. Know more

Life Sciences

This sector has experienced considerable growth in recent years. Future challenges for life sciences organizations will include greater competition for experienced and highly skilled individuals, difficulties with fundraising, and negative effects from unstable economic situations. However, this sector is home to many enterprises where opportunity and innovation are constantly on the horizon. Know more

Logistics & Supply Chain

For any organization, logistics and supply chain components are essential for the delivery of high-quality raw materials, an effective production process, as well as the tracking, transportation, and storage of finished items. Businesses that use well-designed supply chain procedures may respond to customer requests more quickly and efficiently. Know more

Private Equity

In an ever more competitive talent market, the way Private Equity and Venture Capital deals with talent has become the most critical factor for the venture’s success. With over 20 years of experience, we help Private Equity acquire, evaluate and develop CEOs, CFOs, COOs, etc. We aim to help Private Equity and Venture Capital ensure that they get innovative, inspiring talent that has the capacity to drive higher returns. Know more

Professional Services

Companies that provide professional services are at an inflection point and the COVID-19 pandemic accelerated the process. The companies in the sector are being forced to reevaluate their business models and processes by new competitors, a quickly changing technological environment, and the threat of uncertainty. Know more

 

Technology, Media & Telecommunications

The technology, media and telecommunications industries have never been more complex. TMT companies are a part of the current wave of innovation and rapid change that is affecting our personal and professional life. Know more

Board Services

As technology, globalization and regulatory changes reshape the landscape of industries in China, companies need talented board members who are capable of forward thinking and possess the right combination of knowledge, experience and strategic vision to succeed. Know more

case study

Succession plan for a leading company in the Medtech industry in China…

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Diagnosis: 

The CEO, CFO and COO of a global leading company in the Medtech industry are retiring within 36 months’ time. They propose 6 internal candidates for the roles, they seek the help of a headhunting company. We will conduct a study to understand which candidate will be best suitable for each position. 

Implementation: 

A psychometric test is carried out on the 6 candidates and a 360º evaluation is performed. In the 360º evaluation, superiors, peers and team members evaluate the candidates. Based on the results of both tests the gaps that may exist between self-conceptions of each person and how they are seen from the outside are analysed together with the top management. Afterward, specific areas of development are determined for each candidate and training is developed and provided during the following months. 

Candidates become aware of areas in which they need to improve with the help of headhunting companies, working alongside Zavala Civitas consultants specifically, they present a 100-day plan to the management committee on how they wish to develop and implement their analysis. 

Result: 

15 months later, after individual coaching sessions to keep strengthening and developing skills and competencies, the top management members are assessed by Zavala Civitas through the final decision and during the transition period, to reinforce the success of the change. Contingency plans have also been drawn up to avoid possible traumatic consequences of this change on the company’s structure. 

Within this time frame, the first succession has taken place with a new Chief Operating Officer being promoted within the organisation. The prior COO has stayed on as a personal advisor to the COO and will continue in that advisory role for the next 6-9 months. 

Related Positions in China

Pharma

  • General Manager
  • Director of Sales
  • Director of HR
  • Marketing Manager Oncology
  • CEO Technologies
  • IT Director
  • Product Manager

Medical Devices

  • Product Manager
  • General Manager
  • R&D Director
  • Regional Manager
  • Commercial Director
  • Director of M&A

Biothecnology

  • CFO
  • Director of Human Resources
  • CEO
  • IT Director
  • CIO

 

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