After a very slow first quarter of 2024, Regulatory Affairs hiring appears to be rebounding, with a 20% increase in open Regulatory roles in April 2024 as compared to April 2023.
In order to understand companies’ Regulatory hiring plans and challenges for the remainder of 2024, Dennis Partners conducted an online survey of industry executives, decision-makers, and HR professionals during the week of May 20, 2024. The study consisted of two questions as follows:
1. Are you planning to hire Regulatory Affairs Professionals in 2024?
A majority of respondents (66%) tell us they are not planning to hire regulatory professionals in 2024. Among those who are hiring, there is a higher preference for permanent employees (22%) compared to contract employees (11%).
2. What is the biggest challenge you face when hiring Regulatory Affairs employees?
The biggest challenge in hiring Regulatory Affairs employees by far is the lack of qualified candidates, cited by nearly 67% of respondents, with one detailing the difficulty of finding candidates with a “specific type of oncology experience”.
Competing offers from other employers was cited as the second biggest challenge by nearly 17% of respondents. 16% of respondents selected ‘Other’ reasons, with one highlighting the financial state of their company being a significant hiring obstacle.
Overwhelmingly, companies reiterated that their biggest challenge in hiring Regulatory Affairs professionals was a lack of qualified candidates at nearly 67% of respondents, compared to nearly 47% when we asked the same question in 2021. We hear it all the time: hiring in Regulatory is hard. It’s well-known that hiring in Regulatory Affairs presents significant challenges regardless of market conditions.
Retaining and hiring excellent Regulatory talent is crucial to the success of any organization. Dennis Partners understands the intricacies of Regulatory Affairs skill sets, and we know how to identify and attract world-class Regulatory professionals beyond what you see on paper, diving deep into a prospective candidate’s motivations and aspirations, with an innovative approach that focuses on the ideal fit and long-term success of both our clients and candidates. We also place Regulatory contractors and consultants if you need temporary or fractional Regulatory support.
As we approach the second half of 2024, know that Dennis Partners stands ready to offer strategic and customized solutions to your hiring challenges. As the leader in Regulatory Affairs recruiting, we can be a partner in planning your regulatory headcount and share with you invaluable insights on the market. Contact us today to see how we can help you meet your goals for the remainder of 2024.
