Entrepreneurs & managers of healthtech companies- coaches share their current experience in supporting companies as well as their best practices during this webinar organised by the HR Commission of France Biotech, in partnership with the firms GenSearch-Connect International & HTI Bioquest.Read more “HR Biotech France’s webinar that we are leading – “Prepare for the future and accompany your teams to recovery””
At the HLG winter conference, Heiko Bruhn had the pleasure of leading a roundtable entitled “Digitalisation in HR and the impact on finding talented people”.
With the current shortage of skilled workers, the advance of intuitive recruiting tools and intelligent software for the detection and evaluation of candidates seems unstoppable. This is related more to big companies than to start-ups. They count on their network, but are more and more, faced’ with the shortage of talented’ people on the labour market.
Artificial Intelligence (AI) is one of the hottest topics in business right now. AI is not only a future trend; it is already crucial part of procedures in various companies.
But what does it mean? AI is not uniformly defined as a term. One often speaks about ‘machine learning’. This denotes procedures using computer algorithms that learn from data, recognise patterns or desired ones to show behaviours without making each individual case explicit was programmed.
AI has already started to make its way into organisations as well as in HR. As HR is using a huge amount of data when reviewing candidates and talents, AI can play a new and central role as it processes this mass of data more rapidly, providing standard analysis using algorithm and collating data in a user-friendly manner. The most impacted area of HR is the recruitment process that already uses AI assistance in big companies. Areas you can find in Candidate sourcing; resume screening and in the recruitment process themselves. After having shortlisted candidates, the first interview and assessing is next. AI can perform preliminary questioning and screening interviews.
Regardless of which electronic tools you use to find and select candidates, one thing is certain: To find new talent, you need innovative methods and in-depth knowledge. The reason: Digital Natives (= Generation Y/Millennials) entering the job market. This generation born between 1980 and 2000 is described as living immersed in technology and “surrounded by and using computers, videogames, digital music players, video cams, cell phones, and all the other toys and tools of the digital age”. For some, this new generation predicts a fundamental change in the way young people communicate, socialise and create as well as in their behaviour, qualifications and expectations. Meaning that the way people think, and process information is different from previous generations. With the age of internet, “digital natives” are used to getting information instantly.
Due to the rapid growth of social networks, online communities and the ever-better information services promoting new advertised positions (job alerts or job agents), job seekers need less and less energy of their own to spend on a job search. Instead of looking on your own, new technology and algorithms strengthen the lack of skilled workers, which has been complained about for years, has increased self-confidence of qualified specialists. However, this new type of behaviour – I call it consumer like -recruitment – also requires a rethink when approaching candidates.
GenSearch has developed a new concept of recruitment: “Find and Bind”. If you would like to find out more, please contact us.
CONCLUSION – One thing is certain: in order to find new talents, innovative approaches and in-depth knowledge of the specialist market are required. While recruiting used to work through job advertisements, online job boards and vertical search engines, this classic model of “advertise and apply” – companies advertise jobs and applicants actively apply for them – reaches its limits.
The consensus of the roundtable discussion found that despite AI, the human factor will continue to be vital in the future. Certainly, small companies continue to recruit through their networks. “Access” to talented candidates is becoming increasingly difficult due to the rising generation of new digital natives. Specialised consultant boutiques like GenSearch can be supportive in ‘FINDING and BINDING’ your TALENT.
GenSearch is closely monitoring and following the updates
issued by the WHO and our objective is to limit the spread of this pandemic, to
keep our team and contacts healthy and to provide uninterrupted service to our
In order to do so we have implemented the following measures:
● all the GenSearch team will be working from home indefinitely using the appropriate tools
● all interviews and meetings will be conducted by videoconferencing
As a team based in several European locations, we have put in place the appropriate processes to be efficient and to deliver high quality of work to our clients and candidates.
If you have any further questions, please do not hesitate to contact us.
We wish you good luck in dealing with the current situation and hope that it will soon be in the past.
THE NEXT TRANSFORMATION IN HEALTHCARE
We enjoy bringing the right professionals together and it is our business.
As head-hunters, we have privileged access to decision makers in the Life Sciences across Europe who, through our events, are ready to spare some of their time and knowledge to enlighten their peers – our clients, candidates and other guests, for cross-fertilization, building of partnerships, benchmarking, business intelligence and high-level networking. We regularly hosts two events:
Life Science Talks was launched in 2014 and has brought together 100 leading professionals in the world of European healthcare. The subjects so far covered:
- Healthcare, from Products to Solutions
- Outcomes in Healthcare: Fad or Future?
- Value in Healthcare: Who holds the key?
- Innovation in Healthcare: What is the point?
The Biotech Dinners which bring together in an informal environment European and local Life Science start-ups and other stakeholders to share experiences and widen networks.
Life Science Talks – Innovation in Healthcare: What is the Point?
The following video was created from our 2017 Life Science Talks that took place in June in Paris, France.
1. Sébastien Stoitzner, CEO, GenSearch – LST 2017 – Innovation in healthcare: What is the point?
2. Professor James Barlow, Professor of Technology and Innovation Management (Healthcare) – Imperial College Business School, London
3. Neal Williams, Director. Front-End Innovation: Head of Connected Health – Medicom Innovation Partner, a Phillips-Medisize Company
4. David Manset, CEO, CSO & Blockchain Entrepreneur – almerys
5.Benjamin Damien, Director of Business Development – Univercells
6. Colleen Schuller, Vice President, Global Head of Selling Excellence – GlaxoSmithKline
7. Lukasz Kowalik, Head of the Innovation Think Tank – Merck Group
8. Sébastien Stoitzner, CEO – GenSearch – Conclusion
9.Q&A – Value in Healthcare: Who holds the key?
– Marie-Caroline Chauvet, Partner- Insigniam
– Professor James Barlow, Professor of Technology and Innovation Management (Healthcare) – Imperial College Business School, London
– Benjamin Damien, Director of Business Development – Univercells
– Lukasz Kowalik, Head of the Innovation Think Tank – Merck Group
– David Manset, CEO, CSO & Blockchain Entrepreneur – almerys
– Colleen Schuller, Vice President, Global Head of Selling Excellence – GlaxoSmithKline
– Neal Williams, Director. Front-End Innovation: Head of Connected Health – Medicom Innovation Partner, a Phillips-Medisize Company
This white paper was written following our Life Science Talks which we organised in 2017, entitled “Innovation in Healthcare: What is the Point?
These white papers part of a series focusing on the transformation of the healthcare system and a gives a glimpse
of the different views from the key stakeholders involved.
2014 -Healthcare, from Products to Solutions
Exploring some of the latest initiatives in the provision of healthcare solutions in Europe
2015 – Outcomes in Healthcare: Fad or Future?
Exploring Innovative Initiatives to Improve Healthcare in Europe
Knowledge for Growth is Europe’s finest life sciences conference, taking place on May 18th, 2017 in Ghent, Belgium. Read more “BioFlanders 2017”