Inadequate talent management costs companies millions of dollars each year. High turnover and mismatched resource needs with requirements are key root causes of these costs. As a result, overall morale is decreased, which leads to lower productivity and, then, additional turnover in critical resources. To replace one critical resource, it typically costs 400% of the person’s fully loaded salary; to replace a non-critical resource it costs approximately 150% of one’s salary. Together, with 15% turnover and lost productivity, this could mean a 40-60% net profit impact (RHT Consulting). It is evident that an effective talent management strategy is needed to hire and retain the right talent.
Advanced Clinical provides specialized, experienced clinical research consultants to companies through contract staffing, direct hire placement, executive search, and payrolling (“asset transfer”). Consultants are comprised of clinical research professionals who are skilled across multiple therapeutic areas in clinical phases I-IV. Advanced Clinical clients, which include all life sciences disciplines from biotechnology start-ups to large pharmaceutical companies, experience high retention, expert staffing and exceedingly personalized service in their talent management efforts.
“Businesses lose competitive advantage and money every year due to strained talent management practices,” said Julie Heneghan, Vice President of Advanced Clinical. “Having the highest quality talent is one of the best ways to enhance the offerings of a company. Our talent management services assure the right expertise is in place to meet the client’s objectives.”
“We have a strong ecosystem of clinical research professionals that allow us to find the proverbial needle in a haystack for clients,” said Leo Sheridan, CEO of Advanced Clinical. “We are able to attract and retain top-flight talent by providing our consultants an opportunity to pursue their dreams and grow.”
About Advanced Clinical: Advanced Clinical provides consulting services, strategic sourcing (CRO), talent management, and technology solutions to the Life Sciences industry. With 15+ years of experience, Advanced Clinical is an established presence in the clinical research field, providing services specifically for Pharmaceutical, Biopharmaceutical, Biotechnology and Medical Device organizations. Advanced utilizes a value-based, “One Team” approach. To learn more, visit http://www.advancedclinical.com.
Contact: Rosemarie Truman rtruman@advancedclinical.com 1200 Lakeside Drive Bannockburn, IL 60015 Ph: 202-438-2208
