Out at Work: Diversity in the Pharmaceutical and Biotechnology Industries
Published: Jun 29, 2007
by Alex Grosko and Jeffrey T. Rudolph, MBA -- Employer-sanctioned resource groups assist lesbian, gay, bisexual and transgender employees. The U.S. pharmaceutical industry has been in a five-year hiring frenzy. IMS Health, a leading source of market information for the pharmaceutical industry, forecasts that both pharmaceutical and biotechnology companies will continue to experience growth that outpaces that of the overall economy for the foreseeable future. This steep growth curve spells opportunity for new college graduates considering a career in pharmaceuticals. The industry has recognized the value of attracting and retaining a diverse workforce and is actively pursuing graduates from many different backgrounds. Within many organizations, the workforce diversity they embrace not only encompasses race, gender and disability status, but also has been expanded to include lesbian, gay, bisexual and transgender (LGBT) employees.