HR Outsourcing for the BioTech Industry

Outsourcing in Europe

If you work in the biotech industry, you understand the pivotal role Human Resources (HR) plays in ensuring the success of your company. Biotech comes with its own intricacies and nuances — if you don’t have a professional, knowledgeable HR team in place, the foundation of your biotech company could be in jeopardy.

As of 2023, the biotech industry was valued at $1.1 trillion and its growth continues at an exponential rate. However, when considering European expansion for your firm or if your company is a small-to-mid-sized business, outsourcing your HR may be a wise move in the biotech industry.

Discover what you can anticipate when outsourcing your HR, and why HR is a vital component in sustaining the success of your biotech firm.    

What you need to know about the current biotech industry
HR outsourcing for biotech companies
How Europe HR Solutions can help
Biotech trends in 2024
Contact Europe HR

What you need to know about the current biotech industry

Although the biotech industry is valuable to the global economy, its path to forward growth is full of complexities. 

According to Ernst & Young, the U.S. Federal Trade Commission (FTC) is placing regulatory pressures on the industry which make a solid HR team with an understanding of legal regulations and compliance extremely vital to any biotech company.

Other obstacles facing biotech companies in the U.S., U.K., and Europe may include:

  • Patent expirations:

Many valuable patents have expired in the past year, and many are set to expire soon. This makes legal compliance a top priority issue, so that patents can be renewed and important scientific research and development can continue.

  • Decrease in FDA approval: 

The U.S. Food and Drug Administration (FDA) has slowed down the approval rate of biologic licensing, although the application rate has remained relatively high. 

For those launching a biotech start-up, this can mean stagnancy or even business failure before their applications are approved.

  • Leadership and growth:

For biotech companies that strategically plan international expansion, the location of company headquarters matters. Although the U.K. is considered a leader in the biotech industry, the industry in the United Kingdom lags behind its U.S. counterpart. 

This may make a bid for European expansion more difficult than it is for U.S. based biotech companies.

Europe HR Solutions provides HR outsourcing services to empower biotech companies

HR outsourcing for biotech companies

In an industry marked by constant innovation and breakthroughs, small and mid-sized biotech companies face distinct challenges. Navigating the competitive landscape while adhering to intricate regulatory requirements can feel overwhelming. 

The HR outsourcing services at Europe HR Solutions aim to empower biotech companies to focus on their core competencies while we handle the intricacies of Human Resources management.

Whether you’re looking for HR outsourcing solutions in the U.S., U.K. or Europe, our team understands the nuances of the biotech industry and possesses a thorough knowledge of regulatory and legal compliance requirements to ensure your HR runs smoothly.

Why strategic HR is vital for the biotech industry

HR functions play a pivotal role in the success of biotech companies. From talent acquisition and development to compliance with complex regulations spanning the US, UK, and Europe, effective HR management is non-negotiable. 

Patents, research funding, and regulatory requirements all require top-tier biotech employees and a strong HR foundation. You need to be able to focus on the seamless growth and success of your biotech company. 

Outsourcing your HR allows you to concentrate on your mission while ensuring your business remains in legal compliance and meets all regulatory limits. Europe HR Solutions designs our services to seamlessly integrate with the unique demands of the biotech sector, ensuring a strategic and compliant approach to workforce management.

The benefits of HR for biotech

The universal benefits of HR in any profession can include hiring, training, payroll, benefits implementation, and more. However, the needs of the biotech industry make certain HR roles crucial to a company’s success.

The specific benefits of HR for biotech companies can include:

  • Talent acquisition:

Attracting, hiring, and retaining high-caliber talent is imperative to research and breakthrough in biotech firms. You need HR professionals who understand the hiring trends and competitive employment offers of the biotech industry.

It’s vital to ensure that very specific job requirements can be fulfilled by potential hires, and that the right onboarding process is in place to ensure employee success and retention.

  • Employee benefits:   

Talent retention in biotech can be tough as the industry explodes in growth. Offering specific benefits such as financial wellness and paid maternity and paternity leave (commonly offered across the board in many European countries and the U.K., but not necessarily offered in the U.S.), may keep your amazing team intact.

  • Comprehensive training:

Ostensibly, even a small or mid-sized biotech firm will employ talent with extensive experience. However, a comprehensive and structured onboard training process will ensure that your employees share your vision and are on the same page in terms of present and future projects.

The challenges of HR in biotech

The challenges of HR in biotech

An outsourced HR team may also be more cognizant of the challenges faced by HR in biotech. A well-seasoned outsourced team has dealt with the obstacles faced by biotech companies, start-ups, and companies that expand to Europe. Thus, these professionals may not face the same challenges as a new inhouse HR team.

Some of the HR challenges faced in biotech include:

  • Allowing remote work:

Understandably, lab work and other aspects of biotech may require inhouse workdays. However, the right outsourced HR team can create policies and procedures that allow work that doesn’t require office time to be completed offsite.

This allows any parents you employ to spend extra time with their families, and may also appeal to any talent who appreciate a flexible work environment.

  • DEIB:

DEIB (Diversity, Equity, Inclusion, and Belonging) are concepts that are critical for successful growth and talent acquisition. Diversity may get overlooked in the biotech industry, as a diverse talent pool may be difficult to attract. 

HR policies and procedures should undergo a consistent audit practice to ensure changes are made to include DEIB. In 2022, a Measuring Diversity in the Biotech Industry report showed that only 38% of current biotech professionals are people of color.

  • Employee growth, development, and succession planning:

Top tier talent will stay in place if they feel they have room to grow in, and beyond, their position. If your team doesn’t feel as though there’s room for growth and development with your biotech company, they may look for work elsewhere. 

After all, according to Bio.News, job openings in the biotech industry continue to trend upward, and professional opportunities are ripe for exploration.

If you don’t have a strategized succession plan in place, an outsourced HR team can help. It’s vital that you have a line of succession, and employees trained to step up should the need arise.

How Europe HR Solutions can help

If you choose Europe HR Solutions for your outsourcing needs, you’ll receive customized solutions and specific HR support for the biotech industry. 

We’ve helped countless small and mid-sized companies, startups, and businesses launching European expansion seamlessly grow and provided the solid HR foundation they need. 

We can take care of the details so that you can focus on your big picture. 

Our HR outsourcing professionals will also provide the following:

  • Ad hoc requests:

The biotech industry requires adaptability and many quick changes. We can take care of your ad hoc requests in a timely manner, and adapt to high pressure situations.

  • Create and develop HR strategies:

The biotech industry requires extensive plans for every facet of business. We’re committed to helping you create and develop the best HR practices and strategies to help you sustain success and foster growth.

  • Create and audit policies and procedures:

We’ll help you to create effective policies and procedures that create a healthy work environment and adhere to your vision and mission statement. We’ll implement a consistent audit practice that will allow you to see any changes or expansion opportunities within your policies and procedures.

  • Legal and regulatory compliance:

The HR outsourcing team at Europe HR Solutions works with a thorough knowledge of local and federal labor laws and regulations of the biotech industry. We will ensure that your talent acquisition and policies and procedures remain within legal compliance to allow your business to work effectively .

  • Talent acquisition:

We’ll utilize the latest trends in biotech hiring to ensure your company attracts the most ideal candidates to fill positions, and draw from a deep pool for talent acquisition. We can help with the on-boarding and off-boarding processes, and implement extensive training programs as well.

Biotech trends in 2024

Trends in the biotech industry continue to evolve and grow at a rapid rate. Whether you choose to outsource your HR or build an inhouse HR department, it’s vital that these professionals understand the latest biotech trends.

Some of the 2024 trends emerging in biotech include:

Contact Europe HR

Europe HR Solutions understands how crucial HR is to the foundation of any successful business. We know that biotech companies face specific challenges and HR needs, and we know how to meet those needs,

HR outsourcing for the biotech industry requires professionals who can provide customized, innovative solutions, adapt to a fast-paced environment, and comply with the laws and regulations surrounding biotech,

Your HR is our greatest priority, and we will offer you the support and knowledge you need to ensure your small to mid-sized biotech company can grow and maintain success.  

Connect with us today for a free consultation and check out our blog for the latest HR insights, tips, and trends.

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    Our Client Testimonials

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    Christina Lambourne
    Europe HR Solutions have been vital to the HR journey of our business. To begin with we had two...
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    Christina Lambourne
    Europe HR Solutions have been vital to the HR journey of our business. To begin with we had two small acquired businesses and one newly founded company which all needed some structure and a lot of knowledge as a good foundation. Inez’ team in UK, Germany, France and the Netherlands have been hugely supportive and were fundamental to put in place the solid policies and the processes we now have in place. Their highly professional approach in combination with true empathy and flexibility was a breath of fresh air. We had a true partnership for over 18 months now and know we can rely on the team in day to day as well as critical and more challenging situations. Europe HR Solutions have supported us with recruitment, general HR advisory, policies, TUPE, Coaching, redundancies, and everything in between. As the CFO for the business, I’m eternally grateful for all the very practical and human support I have received to date and look forward to continuing this relationship.
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    Elke Taylor
    Europe HR Solutions delivered employee handbooks for multiple countries in English and also local language. They provided local expertise for those countries and were able to answer the multiple questions from the business and employees. Their responsiveness, quality of expertise & knowledge, output on deliverables was excellent therefore I have already worked with them on further projects and hope to do so in the future again.
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    Ann Beckers
    Since a few months, Inez coaches me in creating my own vision, my purpose and my goals, as well in my professional, as in my personal life. As a result, I feel much more confident, focused and relaxed. I have learned to know Inez as a very special person. She is one of those rare people who have the extraordinary gift of being a good listener. Do not expect abstract discussions about your career or your future. You can expect immediate results of a dedicated professional coach, who will support you to focus on the challenges and the goals that are really important to you.
    John Hardin
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    John Hardin
    Europe HR Solutions are exceptional Human Resources professionals and fully understand the nuance and complexity of creating employment contracts in the various EU geographies. They also have a keen eye for talent, particularly for startups, and have been extremely helpful in identifying quality hires. I highly recommend them for HR consultation to any executive building an organization in Europe.
    Christos Kartalis
    Europe HR Solutions was main HR/Legal lead for a major restructuring in Europe in 2006. Amazing cross/dept/areas knowledge, ...
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    Christos Kartalis
    Europe HR Solutions was main HR/Legal lead for a major restructuring in Europe in 2006. Amazing cross/dept/areas knowledge, keenly results oriented, jelled with the team with decisive (especially for a "consultant") and highly accountable attitude. Europe HR Solutions are a amazing professionals, making things "easier" for management. I would work with them at any given next opportunity and would recommend them with out any reservations. Christos Kartalis. CEO, Int'l CIPLA.
    Scott Rude
    Europe HR Solutions are talented, experienced and creative professionals. When we needed expertise in the European market for our personnel ...
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    Scott Rude
    Europe HR Solutions are talented, experienced and creative professionals. When we needed expertise in the European market for our personnel needs we experienced exceptional service and insight from them. They know the market and have the resources/network to get answers to the tough issues facing a U.S. company like ours, who does not have a core competency in Europe. Europe HR Solutions has my highest respect and appreciation for their service to our company. I would be glad to provide insight on their skills at any time. Scott Rudi, snrude@yahoo.com
    Andy Brown
    Europe HR Solutions have provided exceptional service consistently over a number of years to Genea Biomedx in Europe. As a ...
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    Andy Brown
    Europe HR Solutions have provided exceptional service consistently over a number of years to Genea Biomedx in Europe. As a business head quartered in Australia with no inhouse HR support on the ground in Europe this has been invaluable, not only during the start-up phase but also as the business has expanded. I highly recommend them.
    Ignasi Vivas
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    Ignasi Vivas
    I had the pleasure of working with Inez at different levels at American Medical Systems. Inez was able to provide us a Strategic view of what Human Resources can provide to an organization by being a true partner. With her as a leader, we were able to build processes as well as development plans, that helped us to move from a small to a mid size company. She guided us to always focuse on people, which lead us to become a stronger and bigger organization.
    Melanie Girardin
    Europe HR Solutons is my go to organization for anything related to employment matters in the Dutch market. They are ...
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    Melanie Girardin
    Europe HR Solutons is my go to organization for anything related to employment matters in the Dutch market. They are one of the most talented and efficient HR professionals I've ever met. This is a great pleasure to work with them. They are creative problem solvers, and trustworthy Advisors. Their recommendations are well thought out and clearly articulated. I give them my highest recommendation, without reservation.
    Paul Grafham
    Europe HR Solutions has consistently delivered high quality work in all of the projects that she has been involved in. ...
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    Paul Grafham
    Europe HR Solutions has consistently delivered high quality work in all of the projects that she has been involved in. The professional approach that they display is combined with a very personable manner, which has helped integrate them into the AngioDynamics team, and their expertise has assisted significantly in the growth of the international business. I would not hesitate to recommend Europe HR Solutions and the consultancy services offered, and believe they would be an asset to any organisation.
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    Why choose Europe HR Solutions?

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