Tap Into This Incredibly Lucrative Market Using These Techniques
Think about all the different types of medical devices and services that are used today in clinical settings worldwide. From diagnostic tools to therapeutic devices, the use of medical devices is constantly evolving and expanding alongside the broadening definition of what a “medical device” consists of. For example, something as simple as a band-aid and as complex as an x-ray machine falls under this category.
Likewise, medical device professionals span various subspecialties, from the people selling the devices in clinics to those producing them in factories. By 2025, the global market is expected to reach $612.7bn, with a compound annual growth rate (CAGR) of 5.4%. It makes sense that the demand for qualified medical device professionals keeps growing exponentially.
Is your recruiting strategy ready for the higher demand in this market? Learn four tips for recruiting top medical device professionals.
1) Know What Candidates Are Looking For
Medical device professionals are a highly skilled workforce that command competitive wages and benefits. To attract top talent, you want to know what the market wants and how to best meet that demand. To help you benchmark your pay practices, review the most recent Bureau of Labor Statistics Occupational Employer Managers, Sales, and Related Occupations (OES-06) database. By examining the OES report, you can easily find jobs in your region that are filled with professionals with the required skillset.
Also keep an eye out for medical device careers on resume tracking sites because they’re a great way to identify the professionals in your market that you have access to and figure out how to reel in those just out of your reach.
Although the money you can earn in medical device professions attracts talent in droves, candidates in this field are also looking for purpose when entering these careers. The prospect of indirectly saving or improving lives brings fulfillment, whether they’re creating a tangible product in a factory, testing products for safety, selling them, or any other function they serve. We’ll explore a few diverse career options below.
2) Know What Kind of Roles You’re Looking For
Recruiting the right people begins with knowing the scope of the medical devices world and some of the people functioning within it. When you first hear about medical device-related careers, many people default to thinking of sales roles first, but there is so much more to this industry that you’ll need to know all the diverse roles you’re looking for to plan a recruitment strategy. The way you find a research developer might vary, for instance, with how you source a production assistant.
Let’s dive into a brief list of some role types and what you need to know about each:
R&D and Engineering: These roles are competitive on the sourcing end, with plenty of recruiters pursuing the same candidates. You can start by narrowing down your selection criteria for these candidates. What stage of research, development, or engineering are they expected to work on? Next, figure out qualifications: Do you need a Six Sigma or CQE (Certified Quality Engineer)? How much knowledge and experience would an ideal candidate need of relevant FDA and ISO standards?
Manufacturing: Manufacturing has one of the largest recruiting gaps in the labor market in general, with an estimated 2 million being vacant by 2025. Recruiting in this market requires creativity and challenging the perception that manufacturing jobs require little experience. Highlighting any educational or upskilling opportunities when recruiting to these motivated applicants will help you attract them and fill this much-needed gap.
Quality Assurance and Regulatory Affairs: Your quality assurance and regulatory affairs professionals greatly influence the success or failure of these life-enhancing products. They can get approvals more efficiently as well as ensure your success with regulatory parties like the FDA. As such, let your QA candidates know that you’ll support them with technology systems and standards to fit their job needs.
3) Know Where to Search
Medical device professionals are highly qualified, with an average of 6.7 years of education, according to the Bureau of Labor Statistics report. Networking is key to filling these roles, as these experts are likely to be highly recruited by other professionals in their field or even those with similar education and experience. Make sure you have a presence where executives and other high-earning candidates might live, like LinkedIn and Ladders.
For more entry-level role recruitment, consider partnering with local universities. Medical device recruiting careers attract a wide range of educational specialties, from engineering, to chemistry, to sales and marketing – so you’ll have a broad but engaged audience. For manufacturing roles, partner with schools known for studies in the trades to gain an advantage.
4) Know Who to Ask for Help
If you want to ensure that you are hiring the best healthcare device professionals, you can contact HCRI today and let us help you help others. Contact us today, and don’t miss out on all the possibilities that lie ahead.