Job Search Strategies for the Unemployed

Many people lost their jobs during the recession for reasons that were unrelated to personal skills and performance. Nevertheless, many hiring managers cling to the wrong-headed notion that long term unemployed persons are unemployed or layed off because they were less than adequate or under performers in their previous positions. Therefore, it is important for unemployed persons to pursue strategies that ensure that they remain strong job candidates for prospective new employers.                                       

An article by Eilene Zimmerman entitled “Out of Work but Staying a Strong Candidate” offers some good advice for the unemployed. First, unemployed persons may have to reconsider the way in which they network to look for new job opportunities. To that point, people in your old network may feel guilty that they are employed and you don’t have a job. Because of this, they may feel sorry for your or see you as injured or defeated and possibly avoid interacting with you or including you at industry events. To obviate this, it is a good idea when networking with them to offer an article or blog post that may be temporal and relevant to your industry or mentioning a professional opportunity that they may not know about. Also, it is a good idea to stay abreast of important and current things happening in your industry (or an industry that you are interested in breaking into). This shows people that you are still engaged and interested in other professional opportunities that may exist. Finally, maintain your membership in professional societies (even though you may not be flush with cash) and consider volunteering on committees in these organizations. This shows other industry professionals that you are active and engaged. Also,  professional association members frequently hear about or learn of unadvertised jobs or career opportunities within an industry.

There is no question that losing your job can be devastating and emotionally distressing. However, just because you are unemployed, it doesn’t mean that your standing or stature in your industry needs to be negatively impacted. To that end, keep your certifications, professional credentials and licenses up to date and participate in other activities that make use of your professional skills. Finding part-time or contract work in your industry is also a plus as is volunteering or doing unpaid work for charitable organizations.

Another popular strategy is to start your own consulting firm. While your previous employer may have layed you off to cut costs, it does not mean that they will not considering hiring you as a consultant (they don’t have to pay benefits, bonuses or contribute to a 401K and can write off your services as 1099 work). Landing one or two small gigs may be able to tide you over until you find a new fulltime position.

Most unemployed people are rightly-concerned about the employment gap that will appear on their CV or resume. Unfortunately, there is no real way to hide it! One way to manage an employment gap is to add a Summary of Qualifications or Profile section to your resume. This section can be placed at the beginning of the resume (underneath your name and contact information) and should be crafted to extol your skills and qualifications for individual jobs. This means that every time you apply for a new position, the Summary of Qualifications section must be tailored and optimized to show prospective employers why you and not the other 1,000 applicants ought to be considered for the job. Also, as suggested in Ms Zimmerman’s article, you can change the title of the section “work experience” to “experience” and describe any contract, part-time or volunteer work (which was unpaid) using the same language; which focused on your results, strategies used to get there and your contributions to the organization during your tenure.

Finally, and perhaps most important, unemployed persons must learn to deal with and come to terms about unemployment history during job interviews. Nobody likes admitting that they were fired or layed off but, as a rule of thumb, it is best to be as honest (as possible) because most industries and networks are small and job candidates who are less than truthful almost always get caught! For example, if you were part of a large layoff at your previous employer, then it is a good idea to explain the circumstances to the interviewer and also indicate that you were not layed off for performance reasons. Further, it is not a good idea to apply for or interview for any job that may be available at a particular company or organization. If you are overqualified or not the right fit for a job, many employers will not even consider you for the job because they fear that you will leave as soon as something more appropriate comes along. That said, it is important to only apply for jobs within your industry that represent a good fit with your skill sets and experience. If that fails to yield positive results, then you may want to consider a different industry; but recognize that you may need additional training to acquire the skills or experience even to be considered for entry level positions in that industry!

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

GlaxoSmithKline Will Reorganize Its R&D Operations To Cut Costs

GlaxoSmithKline (GSK) today announced that it will reconfigure its R&D operations to cut operating costs. Interestingly, the company hopes to reorganize and not lay off any of its employees—yeah right! 

According to a press release, a small number of employees will be affected at Research Triangle Park, NC GSK’s US base of operations, although a spokesperson refused to be more specific. Further, those affected workers are expected to remain in R&D but in different capacities.

For all of 2011, GSK generated $44.09 billion in sales and net income of $8.14 billion. However, fourth quarter revenues dropped 2 percent to $11.24 billion.

It seems like there is announcement like this every day from a big pharmaceutical company. It is no longer a secret that investing in R&D has not provided many big pharma companies with their expected return on investment. Consequently, there have been massive layoffs in R&D at every major pharmaceutical company over the past five years. This strategy is seemingly paradoxical; to wit, how can companies that have to regularly discover and commercialize new molecular entities remain in business if they continue to shed the employees who are responsible for making the discoveries? Sadly, big pharma’s strategy to remedy the paradox is to outsource R&D, establish R&D centers in emerging markets where wages and operational costs are much lower than in the US and other part of the developed world and to look at purchasing companies that have new drugs in late stage preclinical or clinical development.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!!!!!!

 

Trouble in Big Pharma Land: Lilly Freezes Employee Salaries

The Pharmalot blog reported today that Eli Lilly & Co one of the more progressive big pharma companies to experiment with crowdsourcing and social media to generate new R&D opportunities today announced that it most company employees and executives will not receive base pay increases this year. The company did not announce a freeze in bonuses, however.

In a sign of solidarity with the 99 %, John Lechleiter, PhD Lilly’s outspoken and sometimes controversial CEO, requested that he not receive an increase to his $1.5 million annual salary and incentives. Interesting, as Ed Silverman cogently points out in the Pharmalot post, Lechleiter’s bonus target is 140% of his base salary which put his total compensation for the upcoming year at around $16.4 million!

Last week, the company disclosed that it missed analyst’s stock price estimates and its leading product Zyprexa (antipsychotic) yielded lower than expected sales revenues because of generic competition. Zyprexa sales dropped 44 percent in the fourth-quarter to $749.6 million.

Don’t be surprised if layoffs are next. It may be time for Lilly employees to dust off those CVs and resumes.

Until next time...

 

AstraZeneca Sheds 7,300 Jobs

After announcing its quarterly earnings and a 24 percent increase in 2011 profits, AstraZeneca (AZ) today made public its decision to eliminate another 7,300 jobs. Earlier this week there was speculation that job cuts were likely but the exact numbers were not disclosed. 

The reasons given for the layoffs despite increased annual profits? Government spending cuts for healthcare and stiff generic competition for several of its blockbuster drugs including Seroquel XR (depression), Atacand (hypertension) Crestor (cholesterol-lowering) and Symbicort (asthma); all of which have lost or will be losing patent protection in the near future. According to a company press release generic competition cut revenues by $2.0 billion in 2011 whereas government price interventions cost the company another $1.0 billion. The announced job cuts are expected to save AZ $1.6 billion by 2014—great news for shareholders but not so much for the employees who are losing their jobs!

Most of the cuts will take place in R&D. To that end, the company will close its facility in Montreal and layoff staff at its Soedertaelje site in Sweden. Interestingly, the company plans on focusing more on neuroscience and intends to hire 40 to 50 scientists in its new Innovative Medicine unit which is partly based in Boston, MA and Cambridge in England.

While layoffs at AZ were expected, the size of the current layoff does not bode well for other pharmaceutical employees. It is becoming increasingly clear that big pharma companies are getting out of R&D and focusing their efforts on M&A and licensing deals to fill their thinning pipelines. Also, while shedding R&D and sales jobs in developed markets, big pharma companies are investing heavily in building facilities and hiring thousands of R&D and sales personnel in emerging markets. From my perspective, it appears that big pharma has consciously decided to abandon developed Western markets where sales growth is in the single digits in favor of emerging ones where double digit growth is expected for the next decade.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Monthly Pharma Layoff Report

Thing have been quiet in the pharma layoff space during 2012. I guess that is not so surprising since we are only one month into 2012. However, there was a post on yesterday’s Pharmalot blog which indicates pharma layoffs may resume in earnest over the next few weeks. 

According to the post, AstraZeneca (AZ) is poised to shed thousands of more jobs after the company announces it earnings later this week. As you may recall, AZ recently announced that it would lay off 400 employees at its US headquarters and eliminate another 1,150 jobs from its US sales force. Like other pharmaceutical companies, things have been tough for AZ as three of its blockbuster products Crestor (cholesterol lowering), Nexium (acid reflux) and Seroquel (antipsychotic) lose patent protection and face stiff generic competition.

The Pharmalot post also reported that:

“Between 2007 and 2009, AstraZeneca eliminated 12,600 positions, a move that saved $1.6 billion annually, although that figure rose to $2.4 billion by 2010. The cuts announced that year were designed to save $1.9 billion annually by 2014 It is not clear how much the drug maker hopes to save with still more cuts, but some $3 billion may be spent on a stock buyback to bolster shareholder confidence.”

It is important to note that the massive downsizing that has taken place in the pharma industry over the past decade has little to do with the recession and everything to do with the loss of blockbuster revenues due to generic encroachment. Put simply, most pharma companies grew too large too quickly and subsequently realized that could not sustain their vast infrastructures if the loss of blockbuster sales revenues could not be replaced by new products. To wit, if you look at the P&L statements of many pharmaceutical companies, most have $5 billon to $30 billion of readily-available cash reserves on hand to “play” with. Sadly, the downsizing that has taken place had little to do with the present and everything to do about the future profitability of big pharma companies.

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

More Biotech Downsizing

Cambridge, MA-based Alnylam Pharmaceuticals, one of the many companies founded on the promise of RNAi technology today announced that it will reduce its current workforce by 33 percent to focus its financial resources on its leading RNAi treatment for hemophilia. Alnylam currently employs 173 persons which means that about 59 employees will lose their jobs as the company reorganizes itself.

Alnylam CEO, John Maraganore, PhD hopes that the downsizing and reorganization of the company will result in a $20 million savings for fiscal year 2012. Despite the hype, RNAi is still not ready for prime time as commercializable products and will likely be little more than an R&D tool.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

Is There Really a PhD Glut--You Betcha!

My colleagues over @ onlinephd.org sent me an infographic (these things are very popular these days) explaining why there is a glut of PhDs on today's job market and how it is affecting undergraduate education in the US. 

Surprisingly, the glut is not restricted to the life sciences; it appears to be universal!  At some point, the education bubble will burst and it is certain to have a marked effect on graduate programs. While I am proud of my PhD degree, I am not sure that getting a PhD degree is a wise career path unless you truly love what you are studying and cannot see yourself doing anything else for the rest of your life. If you have any doubts, I recommend finding a job or world travel before you decide to take the PhD plunge!  

The bottom line: earning a PhD degree is a very personal decision and it does not guarantee you employment at the end of your training!!!!!!!!!!

PhD Job Crisis
Created by: Online PhD

Until next time...

Good Luck and Good Job Hunting!!!!!!!

Some Troubling Unemployment Statistics

By now, most people have heard that the average national unemployment rate has fallen from close to 9.0% to 8.6%—the lowest in almost three years. While this may be cause for celebration, a closer inspection of other statistical findings is necessary to get a real picture of American unemployment (notwithstanding the fact that unemployment rates for African Americans and Hispanics are in double digits).

The source of these revealing stats was an article by Phyllis Korkki published in the New York Times this past New Year’s Day entitled “The Year of the Multitaskers’ Revenge” According to Ms. Korkki, while the overall unemployment rate is 8.6%, the jobless rate for persons who earned a college degree is 4.4% while the rate for those with a high school diploma is 8.8%. The unemployment rate for those individuals who did not graduate from high school is a staggering 13.2%. However, a more troubling statistic offered by Ms. Korkki is that less than 30% of United States population of 25 years or older has a bachelors or higher degree. To make matters worse, 30% of jobless Americans have been unemployed for a year or more.

Ms. Korrki contends that large groups of American will continue to be unemployed or underemployed unless more training and educational opportunities become available to the public. Further she asserts that if the long term unemployed do not get some government help than this groups risks falling so far behind that it will never be able to catch up.

Most analysts predict that unemployment rates in the US will remain high for five years or more. Like Korkki, I believe that the only way to reduce unemployment among non-college graduates is to fund programs that are designed to retrain workers for jobs in emerging technologies. Further, bringing manufacturing jobs from overseas back to the US will also help!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

Mirror, Mirror On the Wall: Which Recent College Graduates Have the Highest Unemployment Rates of All?

It is no secret that recent college graduates are having a tough time finding work. However, not all college majors are created equal and the unemployment rates among different disciplines are likely to vary. To answer this question, a group of researchers at the Georgetown Center on Education and Workforce analyzed employment data for recent college graduates from an in-depth US census study entitled the American Community Survey conducted in 2009 and 2010. In the study, recent college grades were defined as workers (with college degrees of course) between ages 22 and 26.

The results of the study are shown in the graph below.

The data clearly show that among recent college grads, those who studied architecture have the highest unemployment rate at 13.9%. This finding was not that surprisingly given that the collapse of the housing and construction markets were mainly responsible for the ongoing recession that began in 2007. 

Unemployment rates were lowest among college graduates with training in education and healthcare. Again, these results are not that start. Again, these results were not startling because the US population continues to age (healthcare-related jobs) and the number of school-aged children skyrocketed in the past 20 years (education jobs).

Interestingly, the unemployment rate among engineering graduate, 7.4% is relatively high despite the fact that HR and employment experts contend that there is a shortage of engineers in the US.

Finally, unemployment rates among graduates with art degrees and those who possess degrees in the humanities and liberal art are still very high at 11.1% and 9.4% respectively. That said, maybe getting that MS or PhD degree in the life sciences was not such a bad idea after all!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!!

 

Boehringer Ingelheim Announces Plans to Bolster Its Manufacturing Capability in China

The German pharmaceutical company Boehringer Ingelheim (BI) today announced that it plans on investing 70 million Euros to expand its manufacturing facility in the Zhangijiang High-Tech Park in Shanghai China. The expansion will continue through 2013 and the number of employees will increase from 240 to 400 at the new facility

BI was one of the first pharmaceutical companies to enter China in 1994 and the planned expansion was proposed to solidify the company’s position in the emerging Chinese market. The expansion will be modular and based on lean manufacturing practices to provide world class manufacturing capability at the site.   The company already sells certain therapeutic products in China including respiratory, cardiovascular, and CNS. Expansion of the existing manufacturing facility is intended to allow BI to expand into other therapeutic areas that include diabetes, oncology and stroke prevention.

Late last week Merck announced plans to build a new R&D facility in Beijing. Other companies have also announced plans to increase their presence in the Chinese market. I think it may be the time for American student to begin to consider Mandarin as their foreign language in primary and second school education programs.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

The Impact of Pharma Downsizing on Manufacturing Plant Closures

The Pharmalot blog today reported that pharma and biotech downsizing, restructuring and outsourcing have resulted in 38 manufacturing facilities in 2011. While this may not sound like a lot given the ongoing tough economy, the post reports that 65 facilities were closed in 2010. According to some estimates, these closures have resulted in the loss of roughly 18,000 life sciences manufacturing jobs in the past two years. Sadly, pharmaceutical manufacturing, like almost all other manufacturing jobs in the US are being lost at an unprecedented rate. Further, many of these manufacturing jobs are being outsourced to multinational CMOs or to manufacturing facilities being built by pharma companies in emerging markets like Latin America, Eastern Europe and Asia.

Not surprisingly, most of the 2011 closures were in the Northeast (8) resulting in the loss of roughly 1,400 jobs. And, not surprisingly again, one of the hardest hit states was New Jersey; home to almost all of the major pharmaceutical companies in the world. The next region that was hit hard is the Mid-Atlantic (7) with notable closures in Maryland (Shire Pharmaceuticals) and North Carolina (DSM Pharmaceutical Products).

Interestingly, while plant closures are on the rise, there is new manufacturing facility construction that may help to offset the losses. However, unlike the past, many of the new facilities are being financed by academic institutions and not-for-profits rather than life sciences companies. According to the post, roughly 106 new North American (not only the US) are underway and represent an investment value of $4.3 billion. The new Shire facility being constructed in Lexington, MA and the International Vaccine Center (InterVac) in Saskatoon, Saskatchewan were cited as examples.

Despite the constructions of several new manufacturing facilities in North America, it is obvious that most major life sciences companies are looking South and East for future pharmaceutical and biomanufacturing capabilities. The bottom line is that labor and the cost of goods are cheaper in these markets and in contrast with the past, there are skilled workforces in place to manufacture life sciences products according to American, European and Japanese Current Good Manufacturing Practices. 

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Improving Employment Opportunities for Life Sciences Graduates

There are a variety of reasons why the life sciences job market has been so dismal in recent years. First and foremost, there are too many applicants for too few jobs; employers are ignoring resumes/CVs that previously commanded face-to-face interviews. Second and perhaps more pernicious, is the notion among corporate executives and hiring managers that current graduates (both undergraduate and graduate students) have been catered to and are so academically untested that they bring little or no value to today’s fast-paced and demanding workplaces. While this characterization may or may not be warranted, it is a prevailing attitude that is likely hindering employment opportunities for recent life sciences graduates.

According to an insightful article written by Robert W. Goldfarb, a management consultant, entitled “Help Graduates Find Their Footing” in the past, senior hiring managers were willing to hire applicants that thought outside of the box or were a bit unconventional to bring in new ideas and create some chaos in quiet office environments. But Goldfarb asserts, that long, painful and largely unsuccessful job searches “have sapped their daring, creativity and willingness to challenge old procedures.” Further he believes that older employees, once extremely resistant to change, are much more willing to reinvent themselves by adapting to a technically-challenging workplace and bringing mature problem solving skills to the job to protect their jobs and 401K plans. Because of this, Goldfarb contends that “managers have become far less tolerant of the missteps that once expected of any new hires” and not surprisingly older workers make mistakes. Finally, previously supportive hiring managers, criticize recent graduates for poor quality written and oral reports and the inability to recognize trends or draw conclusions from masses of data. 

So what can be done to ensure that the current generation of college graduates does not remain unemployed into perpetuity? Goldfarb suggests that mentoring and building partnerships between recent college graduates and companies that want to hire them would be an important first step toward fixing the problem. He suggests that companies should consider investing in training programs designed to shape the employees that they ultimately will need for their businesses. For example, Goldfarb suggests that:

 “high potential graduates for whom there isn’t an immediate opening could be hired, not as unpaid interns but as salaried trainees given three to six months to prove their value in a series of assignments. Those who don’t seize the opportunity can quickly be dismissed.

Also, he suggests that trainees must be mentored to help them avoid the “small missteps that can damage a career before it starts.” Interesting, back in the 70s and 80s most major corporation had training programs in place. These were largely abandoned in the 90s as a result of global competition and increasing US labor costs.

Goldfarb’s plan requires companies to think strategically, and plan for their employment needs of the future. Sadly, as many of you already know, must companies focus on the short term and are not mindful of future needs; after all they are someone else’s problems to solve). But, in response to this attitude, Goldfarb offers this dire warning:

“Employers can keep faulting overindulgent parents, ineffectual teachers, colleges without required subjects and graduates unsuited to today’s complex workplace or they can play a greater role in training and developing a generation longing to take its place in the American mainstream.”

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Astra Zeneca Will Layoff 1,150 Sales Reps

Last week, US unemployment dipped to 8.6%, it lowest level since 2008. Stock markets rose and everyone was buoyed by a possible economic recovery. What a difference one week can make. Today, Astra Zeneca announced that it will layoff 1,150 sales reps; a few short weeks after announcing plans to eliminate 400 jobs at is US headquarters in Wilmington, DE. The company currently employs about 61,000 workers worldwide, including 14, 000 in North America.

According to the president of Astra Zeneca US, today’s announcement is part of the larger layoff of 10, 400 employees announced back in 2010. These layoffs are largely the result of loss of patent protection for several of Astra Zeneca’s largest selling drugs including Crestor (cholesterol), Nexium (acid reflux) and Sereoquel (anti-pyschotic).  Today’s announcement brings the total of US pharmaceutical employees who lost their jobs this year to about 20,000 according to a post on the Pharmalot blog.

Tis the season, after all!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

Merck Continues Its Eastward Expansion

Merck today announced that it will establish an Asia Research and Development headquarters in Beijing, China as part of a $1.5 billion commitment the company made to invest in China over the next five years.

The new headquarters will be focused on new drug discovery and development. Merck’s Asian commercial operations (known as MSD outside of the US and Canada) are located in Shanghai, China and will remain a separate entity from the new R&D center in Beijing. In addition to these facilities, MSD possesses manufacturing capabilities at many other locations throughout China.

Merck joins a growing list of big pharma companies that are rapidly establishing R&D centers in China and other emerging markets. With this in mind, don’t expect US R&D jobs to return to the US anytime soon! Now, may be a good time for American students to reconsider an anticipated career in life sciences R&D. On the other hand, the future is bright for Chinese life sciences graduate students and postdocs who are training in the US.

While Horace Greeley may have gotten it right in his day, I think the saying “Go East young man/women” may be more apt for the 21st century life sciences industry.

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Generic Drug Manufacturer Teva Will Eliminate 1,500 US Jobs

After completing the $6.8 billion purchase of Pennsylvania-based Cephalon, Teva, the world’s largest generic drug manufacturer announced plans to eliminate about 1,500 US jobs, most of them at Cephalon. Cephalon, which has several marketed products, currently employees about 3,700 US-based persons. This means that Teva will cut Cephalon’s workforce by about 40 percent.

According to a post on today’s Pharmalot blog, a company spokesperson said that the jobs that will be eliminated will be those that overlap with those functions already being performed by Teva. Layoffs at Cephalon were not unexpected as the company had previously identified approximately $500 million in possible savings that it would implement after the deal closed.

If layoffs at pharmaceutical and biotechnology companies continue at their current pace, I am not sure that there will be a US life sciences industry in the future.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Some Good News: Allergan Will Open A R&D Facility in New Jersey

The New Jersey Governors Office announced today that the healthcare company Allergan, Inc, known mainly for its eye care products, plans on opening an R&D facility in NJ that will inject $12 million in private investment into the state’s beleaguered economy and add several hundred jobs over the next three to five years. Allergan currently employs about 10,000 people worldwide. Allergan chose New Jersey after it received a $17 million grant from the state to build the facility.  At present its size and location is yet to be determined.

While New Jersey Governor Chris Christie (possibly a vice president candidate) is taking as much credit as possible for Allergan’s decision to open an R&D facility and create jobs, it may be too little to late for New Jersey—home to most of the world’s largest pharmaceutical companies—which has lost tens of thousands of life sciences jobs because of mergers, reorganizations and layoffs.

Nice try Chris but you will have to do better than several hundred new jobs before you can claim that you are solely responsible for New Jersey’s economic recovery. I hope he is selected as a Vice Presidential candidate; then New Jersey will have a chance to right itself after the damage that Christie caused in his first two years as governor.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Why American Students Have Given Up On Science

A fascinating article entitled “Why Science Majors Change Their Minds (It’s Just So Darn Hard)” that appeared in the NY Times this past Sunday asserts that the decline in American science, technology engineering and math (STEM) majors can be mainly attributed to the difficulty of the subject matter as compared with non-science majors. While I agree that STEM courses may be a bit more challenging their non-science counterparts and the way that they are taught can be improved, the decline in STEM majors can be directly attributed to the length of training and earning potential for STEM jobs as compared with non-STEM ones. Put simply, persons who pursue non-STEM careers generally require less training and have a much higher earning potential than those who choose STEM career paths. And, the reason why foreign students from emerging are flocking to STEM careers is that these jobs are highly regarded in their home countries and those who pursue these career paths are well compensated for their efforts.

Rather than try and enunciate my feelings on this topic, I think a Letter to the Editor from Stuart Firestein, PhD, Chairman of the department of biological sciences at Columbia University that appeared in today’s NY Times nicely capture my sentiments:

To the Editor:

Why do science majors change their mind? They wise up.

Your article makes it sound as if American science students are stupid or lazy, unlike their workaholic Chinese and Indian counterparts. This is glib and insulting.

It is in their second year that students typically join laboratories and see firsthand that their dreams of a scientific career include low-paying and highly competitive professorial jobs, that getting grants for scientific research is increasingly difficult and unpredictable, that they are facing many years of postgraduate work at ridiculously low salaries and that they would have a hard time supporting a family.

Compare this future with that of the economics major (lots of math) who goes to business school and can look forward to million-dollar yearly bonuses.

American students change their majors because they recognize that this country has stopped providing a reasonable future for scientists, with slashed budgets for the National Science Foundation, National Aeronautics and Space Administration and National Institutes of Health.

For Chinese and Indian students, science remains a way out of poverty. For American students, it’s becoming the path into it.

In addition to Dr. Firestein’s comments, it is important to note that outsourcing and consolidation in the life sciences industry that has occurred over the past decade has all but eliminated the option of industry jobs for those who were unable to secure academic positions. Put simply, there are no longer enough jobs in the US to support the numbers of sciences students that we annually train.

Although I have never taken an economic course, simple supply side economic theory suggests that training fewer scientists—thereby reducing competition for a dwindling number of jobs—may partially help to solve the STEM job problem. Further, changing the way in which we train STEM students, to provide them with the requisite skill sets for non-academic career would also help. Finally, eliminating tenure, which would force increased turnover among research faculty members and regularly infuse new ideas into extant STEM curricula would help to increase the overall number of available STEM jobs and also improve America’s global competitiveness in the sciences.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

Statistics and Job-Related Facts You Should Know About Careers in the Life Sciences

Fewer and fewer American college students are choosing to major in Science Technology, Engineering and Math (STEM). This has been an ongoing trend in the US for the past two decades. However, within the STEM majors, the life sciences are faring the best. While I believe that the US needs more life sciences majors to remain competitive with the rest of the world, there are a few things you ought to know before you take the life sciences plunge.

  1. More than 86,000 American biology majors graduate each year
  2. About 58% of all bachelors’, masters and doctorates in the life sciences are awarded to women (who continue to earn substantially less than their male counterparts)
  3. Entry level salaries for biology majors range from $40,000 to $50,000 per year (computer and engineering students start at salaries of $55,000 to $65,000 per year)
  4. PhD degrees in the life sciences take on average six years to complete
  5. Postdoc starting salaries range from $37,000 to $40,000 per year
  6. More than a third of biologists are still working as postdocs or in other non-tenure track jobs six years after receiving their PhD degrees
  7. Only 14% of PhD-trained biologists win tenure track positions within six years of receiving their degrees
  8. Because of tighter funding for government jobs and the loss of 300,000 pharmaceutical jobs in the past decade, many newly-minted PhDs are forced to become serial postdocs (supported by soft money) or help senior scientists set up and run their laboratories waiting to see if they can win permanent academic employment
  9. Fewer tenured life sciences professors are retiring because of the financial downturn

If you still want to be biology major after reading this post, then I think that you know what career path you ought to pursue! Just sayin’......

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Sanofi Aventis Announces New Layoffs

Despite a lull in layoffs over the past summer, this fall is shaping up to another bad one for pharmaceutical employees. Late last week Novartis announced that it was laying off about 2,000 employees. Prior to the Novartis announcement, Amgen, AstraZeneca, and Merck have all disclosed plans to eliminate thousands of jobs on a worldwide basis.  To add insult to injury, Sanofi Aventis told its employees today that the company would be shifting operations from New Jersey to Massachusetts and that hundred of employees would be losing their jobs. While a Sanofi spokesperson refused to specify the exact number of employees who may lose their jobs, estimates are in the hundreds, mainly in R&D and sales in the oncology and cardiovascular areas.

The announcement was not unexpected because several weeks ago the company announced that it would cut another $2.9 billion in costs to offset pending generic encroachment on its top selling medications Plavix and Avapro. Further, consolidation of Sanofi’s R&D operations and its early development work to the Boston area is mainly a result of its acquisition of Genzyme earlier this year. To that end, later-stage development work will remain at Sanofi’s headquarters in Bridgewater, NJ while pharmaceutical R&D, Sanofi Pasteur biologics and global oncology has already been moved to Massachusetts. At present, Sanofi employs about 3,000 people in New Jersey and 5,000 in Massachusetts (including Genzyme employees).

Interestingly, while job cuts are taking place in western markets, hiring is brisk in emerging like China and India. For example, several months ago Pfizer announced that it was closing down its antibiotic discovery program in the US and moving it to China. Likewise, Novartis plans on sending some medicinal chemistry and regulatory work overseas to India. If the downsizing and outsourcing trends continue at their current pace, it will become increasingly difficult for most Americans to find pharmaceutical R&D jobs in the US. Can anybody still wonder why we may be losing ground to countries like India and China?

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

Some Sobering Statistics About Today's Job Market

I mistakenly received the Wall Street Journal (WSJ) rather than the NY Times today and while I think that the WSJ is a great example of unabashedly biased journalism, there was an article in the publication about today’s job market that contained some interesting statistics.

The article entitled “Gloom Widespread As College Grads Face New Math” offered the following:

  • Unemployment among college graduates is 4.2% vs. 9.7% for high school grads
  • Eighty percent of recently-polled white male college grads believe the economy is heading in the wrong direction
  • Wages for employees with four-year college degrees fell 8.6% between 2000 and 2010
  • The unemployment rate for recent college graduates is 10.7% as compared with an overall unemployment rate of approximately 9.1%
  • More than 14% of Americans between the ages of 25 and 34 (ca. 5.9 million) are living with their parent and nearly 25% of them have college degrees

These are pretty sobering facts about the job market in the one of the wealthiest nations in the world. Is it any wonder why the Occupy Wall Street movement is gaining traction among American college age youths?   As recommended by the article’s author it may be time for Americans to follow the advice of the actor Peter Finch (Howard Beale) in the satirical 1976 movie Network

"I want all of you to get up out of your chairs. I want you to get up now. I want all of you to get up out of your chairs... And go to the window. Open it, and stick your head out and yell, ‘I’m as mad as hell and I’m not going to take this anymore!"

If you truly feel like doing this maybe you ought to find your way down to the Occupy Wall Street protest!!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

How Facebook Can Hurt a Career

As social media popularity continues to increase, more and more hiring managers and employers are using it to vet prospective job candidates. A little over a year ago, it was estimated that roughly 30% of recruiters and hiring managers use social media to screen job applicants. Anecdotal evidence suggests that today, this percentage may have swelled to as much as 70 percent! 

Although LinkedIn is growing in popularity, Facebook is still, by far, the largest online social networking site. Unlike LinkedIn, which is billed as a “professional networking site,” Facebook remains a social networking site that is primarily used for recreational purposes or to stay in touch with family and friends. However, because of its gigantic size companies are increasingly relying on Facebook for promotional purposes and to recruit new employees.

Until recently, many persons with Facebook accounts paid little attention to the content that they posted to their profile pages. Unlike print and other traditional broadcast mediums, once something is posted to Facebook it is “in the ether” and it is exceedingly difficult to expunge or remove it. Consequently, an inappropriate image or damaging statement posted to a Facebook page will likely remain on the Internet into perpetuity— whether you want it to or not. And, in today’s fiercely competitive job market, employers are looking for any reason whatsoever not to hire a prospective new employee. Therefore, it is vitally important to understand the “dos” and “don’ts” of Facebook and other social networking sites to insure that their use does not interfere with or hinder a job candidate’s employability or future career development.

About a year, Erin Joyce of Yahoo Finance published a post about the impact of inappropriate Facebook use on career development. I have attempted to summarize her insights and tips in this post. To that end, this is what you SHOULD NOT do on Facebook

1. Post Inappropriate Pictures, Photos or Images

It is probably not a good idea for prospective employers or clients to see photos of you chugging a bottle of Jagermeister and obviously “hammered” or dressed up for a night out at a bar or club.

While you may think that your personal life is private, prospective employers may think otherwise especially if you voluntarily posted compromising or inappropriate photos of yourself to your Facebook page and they can find them via Google search. A willingness to post these types of images suggests that you may lack good judgment and not appropriately represent an organization or yourself in professional settings.

2. Complain About Your Current Boss or Job

Everyone complains about their job. However, it is one thing to verbally and privately rant and complain about your incompetent boss or lazy coworker but another to post it to a public forum for all to see! Posting these things to your Facebook page may help to reduce stress and make you feel better but it is probably not the wisest thing to do if you know your boss and co-workers have Facebook accounts or regularly chat with others who do.

3. Post Conflicting Professional Information

If your CV/resume indicates that you received your PhD degree from SUNY-Stonybrook but your Facebook page indicates that you matriculated from Columbia then at worst prospective employers may think that you are a liar or at best careless. Neither is good for jobseeker and discrepancies like these are sure to get your name off the short list for face-to-face job interviews.

4. Update Your Status with Ill-Advised Updates

If you are at work, it is probably not a good thing to update your Facebook status with “watching the NCAA Men’s Basketball Championship Game. Likewise, if you are employed it is not a good idea to update your status with “got hammered last night and decided to stay home form work today.” Statuses that imply that you are unreliable, deceitful, and anything that doesn't make you look as professional as you'd like, can seriously undermine your chances at keeping or landing a new job.

5. Allow Friends to Post to Your Wall or Tag You in Photos

Erin was dead on with this one. She said: 

“You can't control what your friends post to your profile (although you can remove it once you see it), nor what they post to their own profiles or to those of mutual friends. If a potential client or employer sees those Friday night pictures your friend has tagged you in where he is falling down drunk, it reflects poorly on you, even if the picture of you is completely innocent. It's unfortunate, but we do judge others by the company they keep, at least to some extent. Take a look at everything connected to your profile, and keep an eye out for anything you wouldn't want to show your mother.”

While Facebook can hinder or hurt employment opportunities, if you used correctly it can also help a jobseeker get hired. Therefore, if you are a jobseeker and already have a personal Facebook page, it is probably a good idea to set that page to private and only permit friends that you approve to view it. Once you have done this, create a second public profile for professional uses only. This page will function like an online resume and should only be populated with information that you would be comfortable showing or telling a prospective employer in face-to-face situations.

Like it or not, social media is here to stay and avoiding its use may signal to prospective employers that you are not technologically savvy or not particularly social: two vitally-important skill sets required by most employers.

For more ways to use Facebook as a job hunting tool check out this post!

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

An Academic Perspective: Explaining the Current Glut of Life Sciences PhDs

For the past several years, I have been trying to convince anyone who would listen that the reason for the dismal job prospects for most PhD-trained scientists is a simple supply and demand issue. To wit, there are too many PhDs and too few jobs for them! 

While I intuitively understood that this was the case, nobody had ever substantiated the veracity of the claim and consequently I was beginning to think I was wrong. Imagine my joy after reading William Deresiewicz’s piece in this month’s edition of the The Nation magazine. In an article entitled “Faulty Towers: The Crisis in Higher Education,” Deresiewicz elegantly and aptly sums up the situation facing today’s newly minted PhDs:

"At Yale, we were overjoyed if half our graduating students found positions. That’s right—half........You’d think departments would respond to the Somme-like conditions they’re sending out their newly minted PhDs to face by cutting down the size of their graduate programs. If demand drops, supply should drop to meet it. In fact, many departments are doing the opposite, the job market be damned. More important is maintaining the flow of labor to their domestic sweatshops, the pipeline of graduate students who staff discussion sections and teach introductory and service courses like freshman composition and first-year calculus. (Professors also need dissertations to direct, or how would they justify their own existence?)

Further, he asserts:

“......the PhD glut works well for departments at both ends, since it gives them the whip hand when it comes to hiring new professors. Graduate programs occupy a highly unusual, and advantageous, market position: they are both the producers and the consumers of academic labor, but as producers, they have no financial stake in whether their product “sells”—that is, whether their graduates get jobs. Yes, a program’s prestige is related, in part, to its placement rate, but only in relative terms. In a normal industry, if no firm sells more than half of what it produces, then either everyone goes out of business or the industry consolidates. But in academia, if no one does better than 50 percent, then 50 percent is great. Programs have every incentive to keep prices low by maintaining the oversupply.”

Finally he concludes with an eye-opening but sadly accurate observation:

“How professors square their Jekyll-and-Hyde roles in the process—devoted teachers of individual students, co-managers of a system that exploits them as a group—I do not know. Denial, no doubt, along with the rationale that this is just the way it is, so what can you do?”

I am glad that somebody else perceives the problem the way that I do. At least, I now know that I am on the right track! Do any BioJobBlog readers have any suggestions, ideas or insights into how to fix this obviously broken system? 

Let me know!

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Pharma and Biotech Job Watch

Merck & Co, which yesterday completed its $430 million acquisition of Inspire Pharmaceuticals, announced that it intends to shut down Inspire’s headquarters in Raleigh, NC. According to a Merck spokesperson closure of the former Inspire site will occur before the end of the year and their will be job losses. However, it is not clear at present how many jobs will be lost but both executive and workforce positions are on the chopping block. 

Inspire was founded at the University of North Carolina, Chapel Hill in1995 and went public in 2000. The company employed 240 workers at the beginning of 2011 but it cut 27 percent of its workforce in February after an experimental treatment for cystic fibrosis failed in clinical trials. Merck’s acquisition of Inspire gives the company AzaSite an approved treatment for pink eye and a treatment for dry that is approved in Japan (the drug failed to gain US regulatory approval).

In other industry news, Connecticut-based Alexion announced that it will add 20,000 sq feet of laboratory and office space to its Smithfield, RI location. The company currently employs 125 workers and plans to expand its workforce by 35 percent in the next year or so. Alexion has one approved prescription medication called Soliris, the only approved therapy for persons with paroxysmal nocturnal hemoglboinuria (PNH) an orphan indication.

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

On Getting a PhD Degree in the Life Sciences

Over the past several weeks, I have participated in various online conversations and discussions about the wisdom of getting a PhD degree in the life sciences.  While the conversations have been wide reaching and, at times quite emotional, a common theme is beginning to emerge and I think that the time has come for me to weigh in on it.  To wit, getting a PhD degree is not the best decision a person can make if he/she wants a guarantee of employment upon completion of his/her training.

There is no longer any question that it is becoming increasingly difficult for PhD life scientists to find jobs. Further, there is no longer any doubt that the academic system responsible for the current glut of PhD life scientists on the market is broken and needs to be fixed. However, it is important to point out that the decision the get a PhD degree is a very personal one and, in most cases, is not based on the prospect of future long term employment.  In fact, most graduate students and postdoctoral scientists that I have talked to over the past 10 years, don't think about the need to find a job until they learn that their funding is running out.  The point  is, that just because you have a PhD degree it does not entitle you to a job. Further, looking for a job takes commitment, time and a lot of work and unfortunately some PhD scientists mistakenly  think that the "jobs will/should come to them."  Put simply, if you aren't willing to put in the work to find a job, which may mean additional training or a possible career change, then you have nobody to blame but yourself.

In 1974, shortly after I was admitted to the graduate program at the University of Wisconsin-Madison, I received a congratulatory letter from my soon-to-be PhD adviser. In the letter he made a comment about "the blood, sweat and tears" that are required to earn a PhD degree.  At the time, I was a youthful, ambitious 21 year-old, who thought he could do anything and I had no idea what he was talking about!  Seven painful and often tearful years later, I finally understood what he meant by those words; because I had lived them!  I  have no doubt that many who are reading this post have had similar experiences. However, earning your  PhD degree is only the very beginning of your journey. And, like it or not,  the only thing that a PhD guarantees is that others will call you "doctor"and that you can add the letters "PhD" after your name!

For the past several months I have been following a question on a LinkedIn group that asked: "If you had to do it all over again, would you have still chosen to get your PhD degree". For me, the answer is an unequivocal YES!  And, like the first time, that decision would not have been based on the notion that there would or should be a job waiting for me at the end of my training.  My decision was a personal one based on my "love of microbiology" not the guarantee of future employment.

So,  to those of you who feel like the system has let you down and that you have been abused, I feel your pain but offer the following. If you wanted a guaranteed job at the end of your training than you ought to have considered a career in medicine, nursing, law, engineering, physical therapy, carpentry, plumbing or any other profession where a license is required to practice. These professionals offer a "service" to people and, in exchange for services rendered, they get paid for their efforts.  Like it or not, laboratory research is a not a service or fee-based industry and consequently has minimal short term personal value to people. And, not surprisingly, the demand for PhD life scientists, well trained or not, is not high.

In closing, nobody said getting a PhD degree was going to be easy. And, as somebody once said to me, "if getting a PhD degree was easy, then everybody would have one!"  That said, be proud that you earned your degree; but the hard work has only just begun!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Is There a Glut of Life Sciences PhDs? A Commentary

Last week’s special issue of Nature Magazine “The Future of PhDs” contains no fewer than six independently written articles assessing the value, importance worth etc of a PhD degree in the life sciences. All of the articles are extremely well written and insightful. The opinions of the authors range from maintaining the status quo to questioning whether a PhD degree is important for life scientists to completely revamping the requirements to obtain the degree. While I think that Nature’s decision to devote an entire special issue to problems facing PhD students and postdoctoral fellows is courageous and laudable, I can not help but ask “What took you so long?” That said, there is no questions that the proverbial “cat is out of the bag”—there was an article in last Friday’s USA Today which means that the American public (maybe) is now aware of the “problem.” Rather than immediately react to the plethora of posts, LinkedIn discussions and comments from bloggers and recruiters, I decided to take some time to organize my thoughts and offer some of my own insights and ideas about the issue.

For the past seven years, I, along with a few fellow career development experts, have been outspoken about the diminishing career and job prospects for PhD-trained life scientists. Like the authors of the recent Nature papers, we had determined in the early 2000s that career opportunities and job prospects for life sciences PhDs and postdoctoral fellows were rapidly declining in both academia and industry. And, more important, that there was an emerging “glut” of life sciences PhDs (mainly basic researchers) on the job market. Not surprisingly, many of the hundreds of graduate students and postdoctoral scientists—who we counseled during career development sessions at various national scientific meetings—were finding it increasingly difficult or nearly impossible to find jobs in their chosen fields of endeavors. While we were able to advise them on how to write a better resume/CV or provide them with alternate career options, we all knew that their prospects for gainful employment were severely limited. I cannot tell you how difficult and emotionally-wrenching it is to tell extremely talented graduate students and postdoctoral scientists that their prospects for gainful employment are bleak.

Yet, despite a rapidly deteriorating job market and our best efforts to alert those “in charge,” graduate training programs recklessly continue to annually “mint” as many new PhDs as possible. While the reasons for this are obvious—graduate students and postdoctoral scientists are sources of “cheap and reliable labor”— the conscious decision to continue to produce as many PhDs as possible flies in the face of basic supply and demand economics. While I can go on and on with finger pointing and assessing blame, it is not productive or helpful; nor will it help to solve the bleak employment prospects facing many PhD-trained life scientists. However, there are a few strategies that, if appropriately implemented, can help to improve the job prospects for graduate students and postdoctoral scientists.

First, graduate and postdoctoral programs could create career development programs and experiences for their students and postdocs. These programs could include seminars on alternate career options, job counseling, resume writing and interviewing clinics, internship opportunities and even annual career fairs at attended by local or national prospective employers. While many PIs will complain that this will take graduate students and postdocs out of the laboratory and impede their progress, I submit that career development activities will reduce stress and anxiety and allow persons to develop a career plan or roadmap. This, in turn, will allow them to establish goals better budget/manage their time and be more productive in the lab. Moreover, it will likely shorten the time to earn a PhD degree which will provide PIs with more employee turnover and allow them to take larger numbers of new students into their labs.

Second, training programs ought to develop and formalize alternate career tracks for their graduate students and postdocs. For example, if a student is interested in medical writing rather than a traditional academic research career he/she ought to be encouraged to take some medical writing courses or be allowed to do a medical writing internship as part of their training. If a student is interested in business, then it may make sense for the student to be able to take business courses or enroll in an online biotechnology training programs. In fact, several institutions now offer a joint PhD/MBA degree option. The bottom line here is that providing students and postdocs with alternate exit strategies will incentivize them to be more productive so that they can “get on with their careers.”

Finally, and perhaps most importantly, graduate training programs need to limit the number of PhDs that they train and produce. This means, admitting fewer graduate students each year until the demand for PhDs begins to rise again. While this is the easiest and most cost effective solution to the problem, I suspect that it is the one that will meet with most resistance and objections. After all, fewer graduate students means fewer postdoctoral scientists which translates into fewer bodies to do the research necessary to win grants and publish peer-reviewed papers. However, it is important to note that the increasingly competitive and challenging job market for life scientists has already taken a toll on US preparedness in science and engineering. To that end, fewer American undergraduate students are majoring in the life sciences than ever before. In fact, the most popular undergraduate major in the US today is business. Further, over the past 20 years or so, fewer American students have entered graduate school in the life sciences. A quick perusal of the rosters of graduate students and postdoctoral scientists at almost any major US research institution will reveal that a majority are foreign born nationals! New research reveals that many US-trained foreign nationals are going back to their home countries to work and in many instances, compete with American life sciences companies.

There is no longer any question that “something” must be done to improve the career and employment prospects for American life scientists. Regardless of the solution, it will likely be painful. However, this is no longer a problem that can easily be “swept under the rug” or consciously ignored by the “powers at be.” Failure to adequately and seriously address the issue may not only have serious consequences for the current American life sciences training paradigm (don’t be surprised when academic tenure is eliminated) but also may affect the future competitiveness and economic well-being of the US.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Unemployment Update: Almost 300,000 Pharma Jobs Lost Since 2000

Mathew Herper, who writes at the Forbes Blog, reported today that according to a report compiled by the outplacement firm Challenger, Gray and Christmas, since 2000 the pharmaceutical industry cut 297,650 jobs. According to Herper “that is about as many people as currently work at the three largest drug makers — Pfizer, Merck, and GlaxoSmithKline — combined.” As he aptly points out “Many of those who were laid off were probably hired back by other drug makers. Some folks have probably been laid off more than once. It’s also worth noting that big mergers are one reason for the cuts.”

Nevertheless, the number of lost jobs is staggering. Interestingly, while almost 300,000 jobs have been lost in the last decade, a majority of the cuts (234,814) have taken place over the past six years (see below).   It is not clear from the report whether or not these numbers include the numbers of jobs lost by the aggregate life sciences industry (including biotech and specialty pharma) or only by the pharmaceutical sector.    

Year No. Jobs Lost
2000   2,453
2001   4,736
2002 11,488
2003 28,519
2004 15,640
2005* 26,300
2006* 15,638
2007* 31,732
2008* 43,014
2009* 61,109
2010* 53,636
2011 (to date)   3,387
TOTAL 297,650

   Source: Challenger, Gray & Christmas, Inc. © (via the Forbes Blog)

With mergers on the way and more jobs being outsourced to Asia and elsewhere, don’t be surprised if the total number of layoffs continues to grow.

Until next time

Good Luck and Good Job Hunting!!!!!!!!!!

 

Novartis Sheds 550 UK Jobs

Swiss pharmaceutical giant Novartis late yesterday announced that it would cut 550 jobs at it Horsham site West Sussex, England. At present, there are 950 workers at the Horsham site. The job cuts, 330 dedicated to respiratory research, will be made over the next two years.

This is more bad news for the UK pharma R&D workforce. In February, Pfizer said it would shut its Sandwich in Kent facility which employs 2,400 people. More job cuts are likely to take place in the US, UK and Europe as the pharmaceutical industry continues to scale back investment in R&D. 

Until next time..

Good Luck and Good Job Hunting!!!!!!!

 

Employment Update: Who Is Hiring and Who Is Not!

While US unemployment continues to hover around 9.4 percent, there appears to be a steady increase in the number of companies that are posting ads on job boards like Simply Hired and Indeed.com. According to an article in the NY Times “A Sign of Hope for More Hiring” job postings at Simple Hired roe over 50 percent last year over 2009 and increased almost 70 percent in December 2010 as compared with December 2009.

The situation at Indeed.com, a major competitor of Simply Hired, appears to be similar. That is, there has been a substantial and continual increase in the number companies posting jobs on the Indeed.com website.

However, while this is great news, it isn’t exactly clear what the increased job postings mean. For example, some industries are hiring at a greater rate than others (see below).

Not surprisingly, the greatest increases are occurring in some of the industries that were hit hardest by the recession, e.g. transportation, automotive, legal, manufacturing and financial services. Hiring in healthcare, technology and education remains steady and respectable. On the other hand, two industries that have actually lost ground are media and the military. For a more comprehensive analysis check out the white paper on 2010 Employment Trends created by Simply Hired. Although things look like they may be picking up, the sad reality is that workers who have been unemployed for months have a much harder time landing new jobs as compared with those who have been unemployed for weeks. Unfortunately, many of the workers that make up the 9.4 percent unemployed, have been out of work for six months or more. Further, the availability of jobs will vary by industry and perhaps more importantly geography. Data from Simply Hired suggests that employment opportunities are greater in Washington, D.C, Baltimore, Boston, Milwaukee, Minneapolis/St Paul, San Francisco and Denver as compared with Miami, Detroit, Sacramento and LA. The availability of healthcare jobs appears to be greatest in San Francisco and San Antonio. Interestingly, many of the new job postings are coming from smaller companies rather than those that constitute the Fortune 500 list. This means that former corporate employees may want to focus their job searches on smaller companies rather than continue to seek employment at big name companies.

Despite these encouraging and optimistic signs, the road ahead for most R&D scientists and pharmaceutical sales reps looks pretty bleak. That said, now may be a good time to consider alternate career options or possibly going back to school for retraining. To that end, data from Indeed.com suggests that learning HTML 5, the new, highly anticipated Web development language which may make Flash obsolete, may be the ticket to guaranteed employment. Knowledge of HTML 5 in addition to experience with mobile apps, the Android operating system and Twitter skills that are highly coveted by employers in many industries. Finally, if more school or retraining is not in your future, you may want to consider switching industries, moving to a different type of job in your discipline or, if possible, relocating!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Online Career Resources Sites for Life Scientists and Other Bioprofessionals

Believe it or not, employment opportunities are looking better in the life sciences industry. While this may be good news for some, the need for R&D scientists and sales representatives in the US is dwindling. The high cost and low ROI for R&D at most major pharmaceutical and biotechnology companies has forced life sciences executives to outsource many R&D functions that previously had been performed in house. Likewise, the inability of companies to bring novel, new medicines to market has reduced the need for pharmaceutical companies to maintain large sales forces. Put simply, there aren’t enough drugs to be sold to warrant large numbers of sales people trying to sell them! Given this backdrop, now may be a good time for bioprofessionals in these areas to consider new job opportunities and possibly new career paths. To that end, this post contains information about several biocareer developments sites (created by me) that may be helpful to bioprofessionals looking for work or new careers. 

BioCrowd

BioCrowd, created two years ago by Clifford Mintz and Vincent Racaniello, is an online networking site for scientists and other life sciences professionals. Built on a flexible and highly interactive social networking platform, BioCrowd was designed to foster scientific and business relationships between its members. While science is the main driver of our community, it takes a host of other bioprofessionals in addition to scientists to create successful life sciences ventures. To that end, BioCrowd provides its members with immediate access to world class academic researchers, industrial scientists, consultants, recruiters, venture capitalists and other life sciences professionals. 

Our goal is to provide a socially-interactive “one-stop-shopping” solution for bioprofessionals who are interested in advancing their careers or seeking new business opportunities in the life sciences industry.

BioJobBlog

BioJobBlog was created four years ago and focuses on training and career development issues that are facing scientists and other bioprofessionals. The blog offers career development ideas and advice for bioprofessionals and also provides insights into hot topics and debates taking place in the life sciences industry.

Its founder, Clifford Mintz, started the blog because of the career difficulties he faced while making the transition from an academic scientist to freelance science writer. Cliff hopes that by sharing his experiences with others they may be able to more easily navigate their own career paths which can be difficult, frustrating and emotionally- draining!

The BioJobCenter

The BioJob Center offers both job seekers and employers ‘real time,’ current job listings, job application tracking, and e-mail job alerts. Job seekers can join for free and search for jobs (based on job title and/or location) and directly apply for them from the job center.
Employers, for a fee, can list job openings; advertise jobs; call out ‘hot jobs’ or search candidate resume databases. Jobs posted to the BioJob Center are also simultaneously listed on other job sites including www.JobJobHealth.com and Twitter Jobs.

While this is not close to being a comprehensive list of biocareer development sites out there, I can safely say that the advice and content on these sites is relevant and sound.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Preparing for Careers in the Life Sciences

The economic downturn has taken its toll on a number of industries including retail, manufacturing, real estate and others. Many veteran workers from these industries are unemployed and face the prospect of long term unemployment unless they develop or acquire new skills that qualify them for jobs in other areas.

Most employment experts place careers in healthcare and the life sciences in the top ten of most “future hot jobs” lists. Unfortunately, winning these types of jobs requires specialized training in biology and medicine. Consequently, persons with non-science backgrounds will have to go back to school to acquire the training and skill sets required to compete for these jobs. 

I recently came across a website called UniXL which bills itself as an education and career information portal. At first, I was dubious about the usefulness of UniXL. However, after spending some time at the site, it does provide great information for individuals who are considering starting or going back to school. For example, would be students interested in biology can find colleges and universities that offer training in biology while others who are tempted by biotechnology can find similar lists of institutions that offer that type of training.

Finally, persons who may not be interested in healthcare or medicine but simply want to go back to school for training in other disciplines can easily find for- and non-profit institutions of higher learning (by state) by clicking the links listed below.

Until next time....

Good Luck and Good Job Hunting!!!!!!!

Schools in Alabama
Schools in Alaska
Schools in Arizona
Schools in Arkansas
Schools in California
Schools in Colorado
Schools in Connecticut
Schools in Delaware
Schools in Florida
Schools in Georgia
Schools in Hawaii
Schools in Idaho
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Schools in Louisiana
Schools in Maine
Schools in Maryland
Schools in Massachusetts
Schools in Michigan
Schools in Minnesota
Schools in Mississippi
Schools in Missouri
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Schools in Nebraska
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Schools in New Mexico
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Schools in North Dakota
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Schools in South Carolina
Schools in South Dakota
Schools in Tennessee
Schools in Texas
Schools in Utah
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Schools in Virginia
Schools in Washington
Schools in West Virginia
Schools in Wisconsin
Schools in Wyoming

Pharmaceutical Job Cuts Exceed 50,000 in 2010

Despite signs earlier this summer that job cuts at pharmaceutical companies were beginning to slow, it appears that the number of jobs lost in 2010 may come close to the roughly 61,000 pharmaceutical jobs that were eliminated in 2009. This is based on quarterly Job-Cut Announcement Report published by the outplacement firm Challenger, Gray and Christmas. 

In past month or so, two big pharma companies, Roche and Novartis, announced that there will be major corporate reorganizations and deep job cuts to reduce spending, increase profits and bolster flagging stock prices. 

While things appear to be improving in other parts of the economy, the life sciences industry has been devastated by massive job layoffs in the past three years. Although pharma executives publicly blame the downsizing on the recession, massive R&D units, thinning pipelines and a failure to obtain a sufficient ROI on the huge sums of money poured into new drug development over the past decade are the real reason for the blood letting. Unfortunately, the US job market for life scientists won’t be improving anytime soon; mainly because it is more cost effective for companies to perform R&D and clinical testing in the emerging markets of China, India, Brazil and Russia (BRIC).

The ability of life sciences companies to successfully perform these activities outside of the US is in large part due to the lack of interest by American students in science careers and misguided immigration policies that prevented talented US-trained foreign nationals from remaining in the US after completing their training. This allowed many foreign countries to achieve a critical mass of US-trained life scientists and provide Western life sciences companies with a highly trained and well equipped scientific workforce.

With the holidays approaching, now may be a good time for those of you who work or considering careers in the life sciences industry to re-evaluate or consider alternate career options for life scientists.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Bayer to Cut 4,500 Jobs

The German drug maker Bayer today announced that it plans to eliminate 4,500 jobs by 2012. Of the 4,500 positions to be cut, roughly 1,700 will be eliminated in Germany. Interestingly, during the same period, Bayer plans on creating 2,500 new jobs in “emerging markets;” yet another sign that big pharma is betting on translating the explosive growth of these markets into large profits.

While pharma’s interest in emerging markets may be good for the workers who live in these regions, it has been disastrous for scientists and sales personnel in developed markets like the US and Europe. To date, almost 200,000 pharmaceutical and biotechnology employees have lost their jobs since 2007.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Jobseekers: Red Flags for Hiring Managers

Times are still tough and unemployment remains high. This means that finding a job is a lot harder and will take a lot longer than in previous times. Because of layoffs and reorganizations many jobseekers may have gaps in their resumes or difficult to explain periods of unemployment. Further, it you have a physical disability, health issues, a criminal record or you are older, finding a job becomes even more challenging.                    

With this in mind, an article entitled “Get Hired Despite Red Flags in Your Story” by Susan Adams at Forbes.com provides jobseekers with obvious disabilities, troubled pasts or less than stellar resumes advice on how to present themselves to hiring managers. Much of the advice is obvious but there are other gems in the article that may be useful to some in particularly difficult hiring situations.

Getting Hired Despite Red Flags in Your Story

By Susan Adams

Debra Ann MacDougall advises job seekers with troubled pasts or obvious disabilities on how to present themselves to hiring managers.

When a job-seeker's challenges are highly visible, like some physical disabilities or a serious weight problem, MacDougall recommends a direct approach. Although the Americans with Disabilities Act prohibits job discrimination based on disability, it's nevertheless wise to be upfront about a potential employer's possible concerns.

A client of hers who had lost an arm in a motorcycle accident would routinely answer the ubiquitous first job interview question — tell me about yourself — by saying, "You may have noticed that I have only one arm." Then he'd proceed to explain how he coped, using a specialized computer keyboard on which he could type 85 words a minute. "He had a positive, can-do attitude that inspired other workers," MacDougall says. He landed a job as an administrative assistant at a large company in Los Angeles.

Older job-seekers should also consider potential employers' concerns, MacDougall says. Hiring managers might worry about an older person's health, his capacity to learn new systems quickly, his ability to adapt to technology and his energy level. MacDougall had a 59-year-old client who mentioned in interviews that she enjoyed running several times a week and participated in discussion groups on LinkedIn. MacDougall also advised her to get an updated haircut, if she didn't want to dye her hair, and a fashionable suit. She was hired as a sales manager in Denver.

For job-seekers with less obvious physical challenges, MacDougall recommends what she calls the "make them love you first" approach. For instance, if you have a vision problem that would require you to use a special computer screen or a bad back that makes it impossible to sit through long meetings without getting up, she recommends keeping quiet until you get a job offer. Before accepting, let the employer know about your challenge. "Tell the employer about it, but tell them after they already love you," MacDougall says. She explains that hiring managers are always weighing the benefits and risks of new employees. You want to convince your potential employer that you have a surplus of benefits before revealing your risks.

For more serious challenges like criminal convictions, MacDougall says you should be prepared to talk about what you did and how you've changed. She tells the story of a client she calls Chuck who had been jailed on drug charges. Chuck had a moment of clarity and life change when he had to tell his 10-year-old daughter that he would miss her soccer final because he was going to jail. MacDougall recommended that Chuck share that revelation with potential employers and talk openly about how he had remade his life. She also told him to volunteer to take regular drug tests. He is now clean and working, she says.

Job-seekers with criminal records, who are HIV-positive or have alcohol or drug issues do have legal protections, and there are nonprofit organizations that advocate for people who encounter discrimination. The Legal Action Center's website is a good resource, and the federal government has a site loaded with information about the Americans with Disabilities Act.

Sometimes your serious struggles may be far enough in the past that you don't need to address them at all with a potential employer. For instance, if you were hospitalized for a mental illness years ago but you're now healthy and your work performance won't be affected, you don't need to discuss it. "The deciding factor is whether the employer will find out about it," MacDougall says. "If it's not going to affect your ability to do the job, because you've stabilized, don't bring it up." The same applies to drug and alcohol problems, she says.

If you've had a long period of unemployment, MacDougall recommends listing yourself as a consultant on your resume. Include both paid and unpaid experience. Nowadays, she says, employers are increasingly receptive to resumes that include long stints of consulting or freelance work. "They know what the situation is out there," she says.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

A New Wrinkle for Botox

Late last week the US Food and Drug Administration (FDA) approved Botox, Allergan’s anti-wrinkle injection, as a treatment to prevent chronic migraine headaches. Botox is already approved to treat uncontrolled blinking; crossed yes; certain neck muscle spasms; excessive underarm sweating; and stiffness associated with muscle spasticity in the elbows and hands. However, Botox is approved and largely used for cosmetic purposes—to smooth wrinkle lines on the forehead and between the eyebrows. Interestingly, a little less than a month ago Allergan paid $600 million to settle allegations that it had illegally marketed Botox for unapproved indications like headaches for years.

Botox had worldwide sales last year of approximately of $1.3 billion which is thought to be divided equally between medical and cosmetic uses. Allergan believes that its use for treating chronic migraines will quickly outstrip and eclipse Botox use as an anti-wrinkle treatment. While much money has been invested in developing treatments for chronic migraine sufferers, there are very few effective treatments currently on the market. Botox is also being investigated as a treatment as a treatment for overactive bladder; a huge and quickly emerging market directly related to an aging population.

Financial analysts predict that sales of Botox as a treatment for chronic migraines could range from $250 to $1.0 billion per year by 2015.

While the treatment may help patients with chronic migraines, it is a fairly painful one that requires a total of 31 injections in seven areas—the forehead, temples, back of the head, neck and shoulders. And, injections are given every three months. The cost of each treatment is expected to range from $1000 to $2000 which may inhibit its uptake unless private insurers cover much of the cost. Also, some critics argue that the treatment is no better than placebo in reducing the incidence and severity of migraines.

Nevertheless, whether or not Botox works to control migraine headaches, patient who receive the treatment will likely look much younger—not that there is anything wrong with that!

Until next time...

Good Luck and Good Job Hunting (younger-looking people have an easier time of it!)

Sanofi-Aventis to Shed 1,700 Jobs

Late last Friday, Sanofi-Aventis announced that it was restructuring it US pharmaceutical business to meet the demands of a more challenging American healthcare market. The company said that it will streamline U.S. Pharmaceutical Operations and reduce its workforce by an estimated 25 percent. This translates into eliminating approximately 1,700 positions. Decisions about the breadth and scope of the cuts will be finalized by mid-December.

Of the 13,000 US employees, 6,900 work in the Pharmaceutical Operations division. Other Sanofi-Aventis affiliates in the United States include its R&D group, Sanofi Pasteur Vaccines, BiPar and Chattem: its consumer healthcare business.

According to Gregory Irace, President of Sanofi-Aventis and CEO of Sanofi-Aventis US/.Canada Pharmaceutical Operations,

“Given the serious challenges facing our organization and the healthcare industry, it is important to act decisively now so that our organization has greater stability moving forward and that our resources are allocated to our strategic growth priorities. These changes will foster a renewed focus on the strong growth and pipeline opportunities that will drive our vision of being a diversified healthcare leader.” Sanofi faces a serious “patent cliff” in the very near future; mainly because its top selling anti-clotting drug Plavix is slated to lose patent protection in 2011. Also, the company lacks expertise in biotechnology: the discipline that most big pharma companies is going to drive future growth in the industry."

The lack of biotechnology prowess is largely responsible for Sanofi’s attempt to purchase Genzyme, one of the largest and profitable biotechnology companies in the world.

Last week, Sanofi confirmed that its bid for Genzyme had become hostile because its management team and board of directors failed to seriously consider a bid tendered at $69 per share or $18.5 billion. Genzyme’s management team and board of directors immediately rejected the hostile bid (as it did in the past when the offer was “friendly”). The hostile bid allows Sanofi-Aventis to bypass Genzyme’s Board and appeal directly to its shareholders to consider the offer.

Restructuring of its US pharmaceutical operations, may be a sign that Sanofi-Aventis is attempting to cut costs to finance the all cash deal.

I suspect that Sanofi-Aventis will prevail in its bid for Genzyme; but it will have to sweeten the offer to appease activist investor Carl Icahn who is likely seeking an offer in excess of $75 per share.

If I were a betting man, I would put my money on Icahn—a brilliant financial strategist who frequently gets what he wants

Stay tuned for more late-breaking Sanofi-Aventis/Genzyme news!

Until next time...

Good Luck and Good Job Hunting

 

Suggestions That Can Improve the Quality of Your Resume

I found an article on the Investopedia.com website that provides some useful tips and ideas on how to improve your resume quality and increase the likelihood of a face-to-face job interview.  Some may be obvious while others are not. 

Nevertheless, they are worth reviewing and using if they may sense to you

1. References Upon Request

There is no need to waste valuable resume space on this outdated section. Employers assume that you will provide references if asked. Instead, keep a separate page with the names and contact information of your references ready to supply to the employer once you have advanced in the interview process.

2. One Resume Fits All

While it is smart to keep a master resume on file, you need to customize it to fit each job for which you apply. Job-seekers who take the time to tailor their resume to the employer's needs will stand out from the pack. Eliminate the details that don't apply to the position and emphasize the ones that make you look the most qualified. It might take a little extra time to apply using this technique, but it will be worth it when your interview offers increase.

3. Objective Statement

The professional summary or profile has replaced the objective statement. Employers are focused on what candidates can do for them, not what the business can do for the candidate. You will sell yourself better with a concise bulleted list of the qualifications and accomplishments that make you a match for the position.

4. Single-Page Resume

One of the most touted resume rules is that the document must be one page. Many people will go to extremes to follow this command, resulting in tiny, unreadable font sizes just to avoid having a resume that extends onto the second page.

Unless you are a newcomer to the job market, it is entirely possible that you'll need more than a page to adequately showcase your skills and qualifications. If you have enough job experience that fits the position, it is acceptable to extend your resume length to two pages. Keep your resume succinct and relevant, but don't go under a 10-pt. font size.

5. Lack of Social Networking

Websites such as Facebook and Twitter might be considered distractions in the workplace, but they can be an asset on a resume. Employers want to know that applicants are up-to-date with current technology and communication trends. Links to a professional online portfolio, blog or LinkedIn page should be included in your resume header. There is a good chance that employers will do an internet search to find out more about potential employees, so make sure that all of your social networking profiles project a professional image.

6. Too Much Information

It is not necessary to give your life story on a resume. In fact, providing an employer with too much information can be detrimental to your chances of employment. Delete information about where and when you graduated high school. Ditch irrelevant jobs from 15 years ago. Although it was standard practice in some industries years ago, it is now inappropriate to include personal details in a resume such as information about your hobbies, religion, age and family status. Not only does it look unprofessional, but that information could be used to discriminate against you.

An employer will ask if they want to know why you left previous positions, so don't mention it on your resume. The rule of thumb is to pare down your resume to only include things that show why you are the perfect fit for the specific position for which you are applying.

7. Outdated Terminology and Skills

Skills in obsolete computer software and systems should be removed from your resume. Technical experience is critical in nearly every industry and employers often use technology keywords to find resumes in electronic databases. Listing basic computer skills such as word processing and using an internet browser is not recommended because employers will assume that you have those proficiencies. The job description is the best guide to determine the terminology and technology skills that should show up on your resume.

While I am not totally “down” with the inclusion of social media links on a resume, it’s totally up to you! That said, if you choose to take her advice, I highly recommend that you review all of your online profiles and sanitize them.

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

Abbott to Shed 3,000 Jobs

The Pharmalot Blog today reported that Abbott will be cutting about 3,000 jobs. The downsizing comes about a year after Abbott purchased Solvay Pharmaceuticals for about 6.2 billion but failed last month to find a buyer for the Solvay vaccine unit (which was expected to fetch about $600 million). 

According to the post, most of the jobs will be eliminated in R&D, manufacturing and commercial operations mainly at former Solvay Pharmaceutical sites in the Netherlands and Germany. Also, Solvay’s current US headquarters in Marietta Georgia will be closed in the near future.

Abbott has approximately 90,000 employees worldwide. While the recession may be officially over the job cuts continue and unemployment continues to rise.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

The Perils of Unemployment

There is no question that losing a job or facing the prospect of long term unemployment can have severe emotional and psychological consequences. Sadly, I came across a post today on PharmaLive’s Daily Advantage that describes how an ex-Pfizer employee stabbed his wife two times in the chest November, 2009, 10 months after he lost his job as a research biochemist.

The employee had worked as a biochemist at Pfizer Inc. for 11 years, first in Ann Arbor, Mich., and more recently in Groton. He became increasingly ill, suffering from major depression with psychotic features and obsessive compulsive disorder after he was laid off from his position in January 2009. At his trial he found not guilty by reason of insanity and was committed to Connecticut psychiatric facility for a period not to exceed 10 years.

While this may be an extreme case, the emotional and psychological effects of unemployment can be devastating to even seemingly emotionally-well equipped persons. If you happened to be unemployed, and are feeling “out of sorts” I highly recommend that you seek out friends, clergy or mental health professionals who you can talk to! Your mental health is just as important as your physical health when it comes to job searching or life!

Until next time...

Good Luck and Good Job Hunting

 

Making the Most of Underemployement

 The folks over at Sologig.com, a website that freelancers, contractors and independent use to secure jobs provided a great tip for those of you out there who may be underemployed. Sorry graduate students and postdocs this doesn’t apply to overworked and poorly paid employees working on an advanced degree! Anyway, the advice was spot on and worth sharing!  

Are You Underemployed?

Sologig.com

If you're underemployed, you're either working part-time but really desire full-time employment, or you've accepted a full-time position that you're over-qualified for.  Here are some tips to help you break out of the underemployment cycle:

  1. Embrace your underemployment: if you're working a part-time job, use your free time to volunteer at local organizations so you can explore other interests that you might want to transform in to full-time work.
  2. Go above and beyond: if you're in a job that's "too easy," try reaching out to colleagues in other departments to see if they need help.  The more you learn, the more of an asset you will become to your company.
  3. Do your job really well: even with mundane tasks, it's still important and necessary to get the job done.  It will also demonstrate your integrity to those around you.

I have embraced points #2 and #3 during several of my contracting gigs. While it didn’t lead to full time employment (not for me), it did help me to establish new relationships and contacts that have paid off in the future!

Hat tip to Sologig!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

100 Things to Do When You Are Unemployed

Anybody who has lost a job or been unable to find one for an extended period knows how troubling and painful it can be. While things may look bleak, my colleagues over at Online Degree Programs sent me a blog post that some of you may find useful. 

Some of the suggestions are really good whereas others; not so much. Nevertheless, the worse thing to do is sit around and do nothing.

The best approach is to keep yourself occupied, continue looking for work and think strategically about your next career move.

Until next time…

Good Luck and Good Job Hunting!!!


 

Looking for a Job? Go East Young Man/Woman

Unemployment in the US is still hovering around 10% and in some parts of Europe like Spain it is closer to 20%. In marked contrast, the unemployment rates in Australia (5.1%) Hong Kong (4.5%) and Singapore (2.2%) are much lower. With the exception of Japan, Asian economies have rebounded more quickly from the global recession than those in the West.

According to an article in today’s New York Times there is a growing trend among Westerners to consider relocating to Asia and other eastern destinations to seek gainful employment. This is because many companies in places like South Korea, China, India and places in Asia are enjoying rapid expansion and hiring again. 

Asian recruiting firms estimate that the numbers of job applications and resumes arriving from the US and Europe has risen 20 to 30 percent since 2008. The two destinations experiencing the greatest increases in job applications include Hong Kong and Singapore. This is not surprising because both places are more westernized than other parts of Asia. Indeed, the percentage of Hong Kong companies in June that planned on hiring new workers was at the highest level since 1988. Similarly, two-thirds of Chinese companies in Hong Kong and the mainland queried last May said that they planned on adding new employees in the third quarter this year. In Singapore, 57 percent of companies plan on hiring; the highest rate since 2001.

 Most of the hiring is taking place in the legal and financial services sectors but there are indications that hiring is beginning in sales and marketing, luxury goods, hospitality and other businesses. Also, it is becoming increasingly apparent that many opportunities exist in the life sciences industry including scientists as well as marketing and sales representatives.

While hiring Westerners in Asia is on the rise, the actual number of new hires is relatively small. This is because would-be Asian employers mainly hire Westerners who have previous track records in the region and who bring languages skills and local contacts to the job. However, if unemployment rates among pharmaceutical employees remain high in the West; don’t be surprised if many of your lab mates and colleagues begin to look to the East for gainful employment.

In the past, I have jokingly ended posts about unemployment in the US life sciences industry with quips about looking for jobs in China, India and elsewhere. Unfortunately, this has now become a viable option for scientists and other bioprofessional seeking employment in the life sciences industry.

Until next time...

Good Luck and Good Job Hunting!!!!!!! (Now really check out Asia!)

 

The Job Search: What Executives and Hiring Managers Are Looking for in Job Candidates

There is no question that interviewing is an art and that experienced job candidates may have a leg up on more junior candidates seekers when it comes to face-to-face (F2F) job interviews. That said, there is a commonly held belief among job seekers that hiring managers frequently ask silly, “bonehead” and irrelevant questions during F2F interviews. Examples of these frequently asked questions include “What are your strengths and weaknesses” and “Tell me how you overcame adversity or a difficult situation at work.” 

During a talk that I give on interviewing tips and insights, I usually make light of these and related questions and warn would be job seekers to be prepared for them during F2F job interviews. However, while I poke fun at these seemingly silly questions, responses to them are growing in importance in decision to determine whether or not to extend offers to job candidates. This is because during recessionary times employers have to be more judicious about the qualifications, skills and personalities of the persons that they hire. After all, jobs are few and far between at most companies and hiring managers want to insure that they derive the maximum benefit from all new hires. 

A good example of what goes into hiring decisions these days can be found in an article entitled “Hearing the Right Notes From a Job Candidate" written by Carl Diehl a co-owner of a franchised exercise company. In the article, he describes the interviewing and hiring criteria that he used to hire a person into an entry level position at his company. Much to my surprise the final hiring decision almost exclusively hinged on the response to the question “What do you consider to be the dark side or major weakness of your personality?” As Mr. Diehl aptly stated:

This type [of question] focuses on performance and accomplishing tasks, but can be oblivious to the emotional needs of themselves and others. Obviously, an awareness of this kind of flaw is very significant in business as well as in personal relationships.

Most of the applicants did not have a clue about what I was looking for when I asked about that “dark side.” The two finalists, however, told me that while people with this personality type might be very hard-working and results-oriented, they could also be unaware of the effects of their actions and words on other people. That demonstrated the kind of emotional maturity I was seeking.

Also high on his list were, energy, creativity and problem solving skills. I highly recommend those of you who are actively seeking employment to read the article. It will definitely help in your job search and prepare for your next F2F job interview.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Job Cuts Slow But Continue at Pharma and Biotech Companies

There are signs that the economy is improving and that unemployment levels have dropped from a high of 10.1 % to current levels which are hovering around 9.5 %. While this is good news, job cuts continue at many pharmaceutical and biotechnology companies as drug candidates fail in clinical trials and technological advances make certain employees dispensable.

Yesterday, Johnson and Johnson announced that it would layoff 300 of 400 employees who work at the Fort Washington, PA plant that was responsible for the recent Tylenol brouhaha and recall. According to a post on the Pharmalot blog:

”The employees are being let go because it is not clear when the plant will operate again. A J&J spokeswoman says the “best estimate” is the middle of 2011. It isn’t clear at this point whether or not any McNeil executives who oversaw operations at the troubled facility will also be shown the door."

In other news, Adolor, a Pennsylvania-based specialty drug maker, announced yesterday that it was laying off 30 workers or 30 per cent of its workforce to preserve capital and advance its opioid bowel dysfunction clinical development program through proof-of-concept studies in 2011. Also on Friday, the company stated in a press release that two new drug candidates it was developing with Pfizer to treat pain caused by osteoarthritis did not work better than a placebo in a Phase II clinical trial involving 400 patients. The company has one drug on the market, Entereg, a treatment that helps restore bowel function in adults who have undergone bowel re-section surgery. Earlier in the week, GlaxoSmithKline, which co-developed Entereg, scaled back its relationship with Adolor.

Finally, Eli Lilly & Co told its employees that it plans to cut 340 information technology jobs in 2010. Most of the cuts will take place in Indiana (Lilly’s corporate headquarters is in Indianapolis). The company has 1,350 information technology employees nationally. Earlier this year, Lilly has said it will eliminate 5,500 jobs by the end of 2011 to save $1 billion.

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

The Downsizing Continues: Sanofi-Aventis Lays Off 400 Workers

According to a post on Pharmalot, a great blog run by the intrepid Ed Silverman, Sanofi-Aventis is laying off 400 employees; most of the them sales representative. The layoffs are in response to impending generic competition for several of the company’s older medications— the Ambien CR sleeping pill and Aplenzin antidepressant and declining sales of Actonel an osteoporosis medication. And, based on statements made by a company executive who manages the company’s therapeutic portfolio this may only be the tip of the iceberg as revenues from brand drugs continue to decline over the next few years.

Until next time..

Good Luck and Good Job Hunting!!!!!

 

Pharma Layoffs Continue Unabated

Pfizer today announced that it would lay off another 123 workers at its Pearl River, NY manufacturing and R&D site.

The workers in the facility's research and development division will lose their jobs by early July according to a company spokesperson. He added "There may be some additional positions eliminated over the course of 2010, but this is the last major wave that will be announced.”

This brings to 601 the total number of layoffs at the site. The cuts are part of a global restructuring Pfizer announced in November, weeks after acquiring Wyeth Pharmaceuticals. The company has yet to decide the fate of the plant's manufacturing arm. If it is shuttered, that could lead to more layoffs

In other news, lesser known KV Pharma said it would shed 289 workers or 42 percent of its workforce. KV already had reduced its staff from 1,700 in 2008 to about 680 as of Feb. 28. The company recently shut down its generics subsidiary Ethex Corp. after the company pleaded guilty to criminal charges for not disclosing problems with two of its drugs and agreed to pay $27.6 million in fines and restitution.

While the US government and financial analysts claim that the economy is show signs of improvement, the layoffs at pharma and biotech companies continue. Only time will tell if we have truly turned a corner during this economic downturn.

Hat tip to the Pharmalot blog!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Roche Will Cut 600 Jobs in New Jersey

Roche disclosed in a regulatory filing that it will plans to eliminate 500 positions in New Jersey by the end of this month, related to last year's acquisition of Genentech Inc., and plans to cut another 100 jobs in the state by June. While the cuts were expected after Roche acquired Genentech last year and announced it would move its US headquarters from Nutley, NJ to South San Francisco, it wasn’t clear how extensive the job loses would be. The company is closing down all manufacturing operations at the aging Nutley site.

This is more bad news for the State of New Jersey which has borne the brunt of the pharma downsizing trend that began in earnest about 4 years ago. As many of you may know, New Jersey has the highest concentration of pharmaceutical employees in the US. The loss of pharmaceutical jobs coupled with an enormous budget deficit suggests that it will be many years before New Jersey is able to recover from the economic downturn.

Roche, which had 2009 revenue of about $45.9 billion, employs more than 80,000 people worldwide.

Until next time…

Good Luck and Good Job Hunting (forget New Jersey)

 

AstraZeneca to Freeze Salaries of Its CEO and Other Executives

AstraZeneca today announced that its Chief Executive David Brennan will receive no increase to his base salary this year, as the drug maker continues a freeze for top executives imposed last year due to weak economic conditions.

Brennan's 2010 salary will remain at $1.4 million, the same level since 2008. However, Brennan’s overall compensation has been on the rise for the past few years. His total remuneration, which includes bonus, shares and other items, rose 5% to $4.9 million for 2009, versus $4.7 million for 2008, according to documents recently filed with the Securities and Exchange Commission.

AstraZeneca said the base-salary freeze for 2010 also applies to other senior executives whose responsibilities are unchanged. 

While it is laudable that the company is freezing the base salary of its executives, most of their annual compensation is derived from bonuses, stock grants and options and other perks and benefits. I am certain that the hundreds of thousands of pharmaceutical employees who lost their jobs over the past three years can sleep better at night knowing that pharmaceutical executives are finally feeling the pain and sharing the pain of a down economy.

Hat tip to Ed at Pharmalot!

Until next time…

Good Luck and Good Job Hunting!!!!!!!!!!

 

Social Networking for Biocareer Development

By now, most of you have heard at some point or another that networking is critical when it come to trying to land a job. Unfortunately, networking is not an inherited genetic trait and it takes a fair amount of skill (some say art) to develop and excel at it! To make matters worse, most scientists are told and frequently reminded that networking for career advancement is equivalent to shameless self promotion and that “good scientists” generally refrain from doing it. Consequently, most scientists are not good at networking and in some cases shamefully inept.

The advent of social networking sites like BioCrowd, Facebook and others provides an opportunity for scientists to overcome their fear or guilt about networking. More importantly it provides a “safe haven” for scientists who want to avoid the anxiety and pressures of face-to-face networking at live events. While online networking may be a surrogate or substitute for the real thing, if leveraged correctly, it can be used to find and land a job or advance a career. 

Surprisingly, the use of social networking by life scientists lags behind that of the general public. After all, many life scientists pride themselves as being on the cutting edge or part of the vanguard pushing new technologies that can be used to “push back the frontiers of science.” Nevertheless, social media and online networking sites have become routine parts of most job searches and both are used by employers and prospective employees alike. To that end, I crafted a Powerpoint presentations that describes the “dos and don’ts” of social media for job searches and career advancement. 

social media, life sciences, career development
View more presentations from cliffmz.
While the presentation is a start, I strongly urge life scientists and other jobseekers to attend locally-sponsored social media seminars and workshops to hone your social media and networking skills. Like it or not, social media is here to stay and those who fail to harness its potential will likely remain in the ranks of the unemployed for the foreseeable future!.

Until next time…

Good Luck and Good Job Hunting

 

AstraZeneca Offers New Details About Its Global Layoff Plans

Ed Silverman, who runs the Pharmalot blog,reported today that AstraZeneca provided more details about its plan to layoff 8,000 employees or 12% of its workforce by 2014. 

According to the post, the company will R&D programs in thrombosis; acid reflux; ovarian and bladder cancers; systemic scleroderma; schizophrenia, bipolar disorder, depression and anxiety; hepatitis C and vaccines (other than respiratory syncytial virus and influenza).

The company will shutter research facilities throughout the UK and Sweden and shed about 3,500 R&D jobs. About 550 jobs will be eliminated at AstraZeneca’s US headquarters in Wilmington, Delaware; adding to the massive numbers of unemployed pharmaceutical workers in the Pennsylvania, New Jersey and Delaware region. The company is also looking for a buyer for its Arrow Therapeutics business.

AstraZeneca joins a growing number of big pharma companies that are jettisoning internal R& D programs in favor of licensing and merger and acquisition deals to sure up drug discovery pipelines. The lack of innovation in small molecule drug discovery and the loss in 2011 of patent protection for some of the industry’s largest blockbuster drug franchises is forcing big pharma companies to eliminate or outsource most of their R&D functions and capabilities to cut costs.  

I wish I could say that things will get better. But, the shift in the business model that has guided big pharma for close to 100 years is likely to be a permanent one. Now is the time to begin to consider alternative career paths!

Until next time...

Good Luck and Good Job Hunting (“Go West young man/man!”)

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Bristol Myers Squibb: Downsizing With a Twist

The past couple of weeks have been awful for employees at AstraZeneca and GlaxoSmithKline after both companies announced massive worldwide layoffs. Interestingly, the downsizing that has taken place at Bristol-Myers Squibb (BMS) in recent years has escaped notice; mainly because media attention has been focused on the sale of two of its non-pharmaceutical divisions, Convatec and Mead Johnson. The sale of these two divisions brought in roughly $8.0 billion giving BMS one of the largest cash reserves among major pharmaceutical companies. 

BMS announced two years ago that is would cut its global work force by 10 percent by 2011. Layoffs and cost cutting measures at BMS have been mainly driven by the impending patent expiry of the blockbuster anti-clotting agent Plavix and several other drugs. Plavix reportedly accounts for a disproportionate amount of the company’s annual sale revenues. Despite its new found largess, the company continues to eliminate jobs and shed employees. To make matters worse, BMS confirmed today (as reported on both Pharmalot and the WSJ Health Blog) that it will eliminate pay raises in 2010 for the people who still have jobs at the company. Luckily, bonuses were not eliminated. But as most people who work at big companies will tell you, bonuses are not guaranteed and discretionary. Check out the 2008 total compensation packages (salary, stock options, stock awards, pension etc).

2008 Total Compensation for BMS Executives
Name Title Compensation ($)
James Cornelius CEO/Chairman of the Board 25,037,768
Anthony Hooper Pharmaceutical Division President 6,047,495
Elliot Sigal Divisional President/CSO/Executive VP 9,643,489
Lamberto Anderottis COO/Executive VP 10,755,297

While I don’t profess to have the credentials to be the CEO of a major pharmaceutical company, it doesn’t make sense to me to freeze the salaries of employees who are already overly anxious about whether or not they will have jobs when the next round of layoffs take place. Isn’t morale already bad enough?  Does management think employees will be at the top of their games and willing to work hard if they are constantly worrying whether or not tomorrow may be their last day of work?  Of course, naysayers will say that BMS employees should suck it up because they at least have jobs. However, I contend that management ought to invest a portion of the $8.0 billion in its employees rather then use it to buy several more companies to convince Wall Street analysts that BMS is truly a “next generation biopharmaceutical company.”  After all, employees are any company’s most valuable asset!

Until next time....

Good Luck and Good Job Hunting!!!!!!!!!

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Job Cut Update: GlaxoSmithKline Mum on Number of US Jobs that will be Lost

Despite the announcement late last week in the London Sunday Times that GlaxoSmithKline (GSK) will eliminate 4000 jobs worldwide, company official are refusing to disclose the number of worker who will lose their jobs in the US. Cuts are expected throughout the US including GSK’s R&D facilities in the Philadelphia, PA area and at its US headquarters in Research Triangle Park, NC which employs roughly 5,000 people.

GSK officials typically refuse to share detailed information on how layoffs affect its Triangle work force. Nearly a year ago, the company cut an undisclosed number of workers at a customer response center in RTP. GSK announced a first cost-cutting initiative in October 2007, eliminating thousands of jobs worldwide, and then it expanded that effort in February 2009 with many hundreds losing jobs at it North Carolina facilities in RTP and nearby Zebulon.

This coming Thursday is expected to be pink slip day at GSK.

Until next time....

Good Luck and Good Job Hunting (forget RTP)!!!!!!!

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Merger Aftermath: Pfizer Refocuses

While I never was involved in a corporate acquisition or merger, I have many friends who have lived through them and based on their experiences it is a never a “pretty sight.” Merger aftermaths usually feature massive layoffs, executive management disputes and turf wars and corporate culture clashes tha occur when two workforces are forced to merge as one. However, sometimes mergers may be a good thing for struggling companies. To that end, Pfizer may actually benefit from it $68 billion acquisition of Wyeth late last year.

The acquisition will cost at least 20,000 employees their jobs—not a good thing in a national economy where unemployment is well over 10 percent (despite claims to the contrary). However, this merger is strikingly different than Pfizer’s questionable past mergers and acquisitions which were primarily engineered to procure one or two drugs that had blockbuster potential e.g. Lipitor and Celebrex. This time around, Pfizer’s management team is actually re-evaluating its entire drug development portfolio and attempting to expand the company’s pipeline to include vaccines, therapeutic proteins and other biologics. As I previously noted, most major pharmaceutical companies believe that biologics will be the major driver of pharmaceutical markets in the not so distant future.

According to a post on PharmaLive, Pfizer announced that it will discontinue research and development on roughly 100 experimental new drug candidates. Pfizer officials revealed that the company will continue with 500 research projects in six areas of: 1) Alzheimer’s disease, 2) diabetes, 3) pain, 4) cancer and 5) mental illness (including schizophrenia).

Of the 500 projects, 30 drugs are being tested for cancer indications, 10 for Alzheimer’s disease, eight for pain and 11 for inflammation. Further,133 are in various stages of human clinical testing, including several that are awaiting regulatory approval in the US and elsewhere. 

On the biologics front, Pfizer has six vaccines and 27 biopharmaceutical drugs in development. Prior to the Wyeth acquisition, the company only had one vaccine and 16 new biologics that it was testing. Like most other pharmaceutical companies, Pfizer wants to be a major player in the biopharmaceutical and biologics markets by 2015.

Only time will tell!

Until next time,

Good Luck and Good Job Hunting!!!!!!!

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Standing Out in the Crowd: Tips on How to Best Compete for a Job Interview

I previously posted several articles on interviewing tips. This presupposes that many of my readers have made the first cut and have been invited to participate in a phone or face-to-face onsite job interview. Unfortunately, this isn’t any easy thing to do in today’s current employment market. Nevertheless, there are a variety of things that job seekers can do to help their application standout from the hundreds (thousands) of other applications submitted by others competing for the same position. To that end, I found an article that first appeared on the JobsJournal.com website that offers basic tips on how to design a resume (and accompanying cover letter) to distinguish individual jobseekers from their competition.

While the information contained in the article isn’t “game changing” it does offer fresh insights into how job candidates must position themselves to be noticed in today’s fierce and highly competitive job market.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!!!

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Update: Tracking Pfizer's Job Cuts and Other Layoffs

It is getting difficult to keep track of the job cuts that are happening almost daily at Pfizer. A quick perusal of the job cuts to date indicate that the company has eliminated about 1200 jobs in the past week; 680 in Pennsylvania, 400 in New Jersey and 116 in Rockland County, NY (where I grew up!). While there is currently a lull in activity, I suspect additional job cuts will be forthcoming in the near future.

Merck earlier announced that it was slashing about 500 jobs in New Jersey which continues the ongoing carnage that the NJ pharmaceutical workforce had to endure over the past three years.

Meanwhile, in New England, Charles River Laboratories International announced that it is suspending operations at its Shrewsbury, MA facility by the middle of this year. Approximately 300 workers will be losing their jobs at the facility that focused on preclinical drug development.

Despite claims that the US economy is improving, life sciences layoffs are continuing and job growth is much slower than expected. While some economists aren’t that surprised, I would be nervous and exploring my options if I was employed at a life sciences company!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

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Interviewing Myths and Urban Legends

It seems that every day there is a post to a career development site about interviewing protocols, procedures, behaviors and tips. While it is difficult to generalize about what to expect at an interview, many career counselors and employment experts agree that there are several basic interviewing hints and tips that can be useful. To that end, I came across a post published at Yahoo Hot Jobs that I thought was worth a read.

Most of the hints and recommendations are things that I cover in my lecture entitled “Interviewing Tips.”

It is always a good thing to learn that you are giving the appropriate advice to people who are relying on you for help!!!!! 

I highly recommend that you read the piece and follow as many of the author’s recommendations as possible at your next interview. Yes, there are jobs still out there ....they are just more difficult to find.

Until next time...

Good Luck and Good Interviewing (I hope)

Is a Bioscience Career Worth the Aggravation?

While this isn’t a new topic, I wanted to raise the question again because I recently received a message  from a reader that greatly troubled me. The person who posted the comment has a PhD degree in biomedical engineering and is extremely angry with the existing system because of the lack of employment opportunities in her field. Put simply, she is so frustrated with the system that she no longer believes that it is ethical to advise young people to pursue careers in the life sciences. I know that she isn’t alone and that many of you share her anger and frustration with the lies (as she put it) about employment opportunities for life sciences PhD candidates and postdoctoral fellows

From time to time, I am invited by graduate students and postdoctoral fellows to talk about alternative careers in the life sciences. I try to remain upbeat and positive during my presentation but generally I can’t control myself by the Q&A session. Invariably, I rant and rave about how dysfunctional academia has become. Interestingly, I recently was uninvited by my former graduate department where I was slated to present a seminar on alternate career choices for life scientists. As the tenured faculty member (you know how I feel about tenure) who would have sponsored my visit told me “the seminars that we offer our students are scientific in nature and much different than many of the topics that I discuss on my very interesting blog.” Consequently, he informed me that I was no longer invited to give my talk (I was previously invited by the Department Chair who happened to be a former colleague of mine who decided to move to another institution before my visit). In an e-mail response to his un-invitation, I told him that I wanted to visit the Department and give the talk because I believe that my graduate education is what enabled me to maneuver the minefield that ultimately became my career path. Also, I told him that I wanted to share my insights and career experiences with current graduate students and postdoctoral fellows because I thought that many may benefit from them. Not surprisingly, I never heard back from him. 

The point that I am trying to make is that my message about alternative careers for PhD students is diametrically opposed to the mission of most PhD programs; which is to prepare 100% of their students for academic careers. Unfortunately, as I have stated many times in the past, only about 10% of those who receive life sciences PhD degrees land academic appointments. What are the remaining 90% of the folks who toiled long and hard for their PhD degrees suppose to do with their lives? In the past, as many as 50% or more of these students were able to garner jobs as research scientists at biotechnology and pharmaceutical companies or with government agencies like the CDC, FDA, EPA and others. Unfortunately, the pharmaceutical industry has laid off over 200,000 employees in the past 3 years, funding for biotech companies has hit an all time low and we are experiencing the worst recession in almost 70 years which is causing government agencies to stop hiring! This begs the question: what are graduate students pursuing PhD degrees and postdoctoral fellows suppose to do to put food on the table to feed their families and themselves? 

While I don’t have an easy answer to that question, I can tell you that getting angry and frustrated or dropping out of the system isn’t going to change anything. I will also tell you that the system isn’t going to change by itself! To that end, it may make sense for all of you angry and frustrated graduate students and postdoctoral fellows to band together and tell your advisors and mentors that “you are mad as hell and not going to take it anymore.” To show them that you are serious, I highly recommend that your offer them a plan to address your concerns about finding gainful employment (not decade long postdoctoral fellowships) following completion of your PhD degrees. For example, you may suggest that they add alternate career certificate and degree programs to their existing curricula. Or, if new programs are too costly, suggest that they offer courses that showcase alternate career options like entrepreneurship, science writing or medical communications. Finally, at the very list, insist that they work with local companies and organization to create sponsored internship opportunities and get them to commit to supporting annual career development symposia or job fairs for graduate students and postdocs.

For the past decade or more, I have struggled to convince many of my academic colleagues to consider any and all of the above suggestions. Unfortunately, my pleas for creation of new courses and programs have fallen upon deaf ears! Given my current lack of success, I suspect that it is going to take more than one person (me) to induce the academic establishment to consider systemic change. That said anybody who may be interested in joining the “cause” to improve employment opportunities for PhD life scientists, please feel free to contact me!

Until next time...

Good Luck and Good Organizing!!!!!

 

Reinvigorating Your Job Search for the New Year

The holiday season is officially over and its time to face the prospects of a new year! The good news is that the economy is recovering and new job opportunities are beginning to appear at an increasing rate. To that end, it may be a good time to re-evaluate your career options and fine tune every element of your ongoing job search. The most obvious activities include updating your resume (assuming that things have changed since 2009), resuming your networking activities and looking online for new job prospects. However, Phyllis Korkki, a New York Times career columnist, offers some other hints that may help to improve your 2010 job search and hopefully land a new one!

 Until next time...

Good Luck and Good Job Searching!!!!!!!!!!!

 

Jobseekers: Treat Your Search like a Full Time Job

Losing a job or getting laid off is without a doubt one of the more emotionally devastating events that most people face. Unfortunately, in these troubling financial times, many more people are likely to face this likelihood than any other time in recent history.

However, if you lose or have lost a job, it is important to keep your situation in perspective and realize that it isn’t the end of the world and that there are things that you can do to find a new job! Having said that, like most other things in life you will have to work hard to achieve that goal! This will require organization, commitment and dedication to the job search. And, the best way to conduct a successful job search is to approach it and treat it like a full time job! To that end, attempt to divide each day into manageable list of tasks and allocate sufficient time to accomplish them—just like you would at a full time job. Also, since time is usually no longer an issue, you can spend some of your time researching new opportunities, networking with others or finding new contacts who might be able to help you get your foot in the door at a prospective employer’s company or organization.

Sitting in front of a computer all day, applying for online jobs on company websites and job boards isn’t going to cut it—mostly because you won’t hear back from most of the places where you submitted online job application. In fact, I think that the online approach to job hunting almost guarantees that you will become dejected, depressed and hopeless. 

In my opinion, the best approach to a job search (after losing a job) is to recognize that anything less than full time commitment to finding a new one likely won’t be successful. Based on my own and other’s experience, a successful job search consists of a mixture of focused and disciplined online and IRL activities. Developing and implementing an ordered and strategic job search provides jobseekers with organization and a “structure” that will likely help to ward off feelings of confusion, dejection and hopelessness experienced by most people who have lost jobs. For more ideas and suggestions on how to transform your job search into a full time job please check out this excellent article by Phyllis Korkki.

Until next time....

Good Luck and Good Job Hunting!!!!!!!!

 

Career Development for Life Scientists: An Ongoing and Disturbing Trend

For the past 10 years or so, I have been providing career counseling and development seminars and workshops for life scientists. In the early years, students, postdocs and a smattering of faculty members would attend to learn about industry trends, the job market and more recently, alternate careers for PhDs and postdoctoral fellows. However, over the last few years, a disturbing trend has emerged—the lack of faculty participation at these events

Yesterday, I was invited to participate as a panel member to moderate a career development event sponsored by the graduate student and postdoctoral associations at the University Of Rochester School Of Medicine. The event was well attended (over 85 participants) and the discussion lasted for more than 2 hours. Joining me on the panel was a PhD-trained scientist/manager from Bristol Myers Squibb and a healthcare company executive who received his PhD degree from the university about 16 years ago.

Many of the questions asked by the participants were spot on and revealed that graduate students and postdoctoral fellows are extremely anxious about their futures. The panel did its best to describe what it takes to get a job in the life sciences, the process and steps required to successfully win jobs and some ideas for alternate career options for PhD-trained scientists. Unfortunately, not a single University of Rochester medical school faculty member attended the event. In fact, I met the PI of one of the postdocs who sponsored my visit and he said with all sincerity (I think) “Thanks for coming...the students are really looking forward to your talk.” Obviously, I don’t think that it ever crossed his mind that he, like his students and postdocs, might learn and benefit from a discussion about career options and hear (probably for the first time) how anxious and fearful his and other students are about future job prospects.

The fact that faculty members are routinely eschewing career development seminars and forums is troubling and extremely disturbing for a variety of reasons. First, as I have said many times before, I believe that PIs have moral and ethical obligations to help their students determine what careers that they are best suited for. I don’t think that it is too much to ask or very labor-intensive for PIs to learn about the job market outside of academia.

Despite an ongoing lack of tenured track faculty positions and the extremely fierce competition to win them, academicians continue to exclusively train and prepare students for academic careers. This makes absolutely no sense from a “supply and demand” perspective. Second, the lack of faculty support and participation sends a clear message to graduate students and postdocs that their anxieties, fears and concerns about job prospects simply isn’t that important to their PIs.  The mantra of most academicians —“just continue to do good science and everything will be okay”— is outdated, anachronistic and self serving (for PIs) at best.  

Finally, and perhaps most importantly, the failure of  tenured faculty members to actively engage and participate in discussions about career options reveals the unbridled contempt that most academicians have for scientists who work outside of academia. Most academics choose to not concern themselves with non-academic and mundane issues like jobs and careers. And why should they? Once they win tenure, their lives are set because they are guaranteed jobs and benefits for life!

We are living in very challenging and troubling times. In the past three years, over 180,000 pharmaceutical workers have  lost their jobs and national unemployment will likely hit 15%. Academic and government jobs are hard to come by and the competition for these jobs is ferocious and extremely competitive. And, sadly, current academic training programs are woefully inadequate to prepare graduate students and postdocs for alternate career opportunities in the life sciences. 

As I have stated numerous times before, life science graduate training programs are in dire need of systemic change and must be overhauled to remain relevant. Unfortunately, systemic changes are unlikely because tenured faculty members can’t be forced or induced to change their attitudes or beliefs. While a minority of life sciences faculty members realizes that the system is broken, the majority doesn’t.  To that end, if graduate students and postdoctoral fellows want change to occur, than they must band together and collectively send a message to their PIs and mentors that “We are mad as hell and we aren’t going to take it anymore!” Anything short of a widespread, massive protest will be ineffectual!

To learn how to more effectively manage employees, please check out the 360 feedback solution.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Pfizer/Wyeth Layoff Update

After announcing yesterday that it will be reorganizing and closing 6 of 20 R&D sites worldwide, Pfizer/Wyeth announced today that as many as 2000 R&D scientists will lose their jobs. I suspect that others will lose their jobs in the next few months or so.

The Pfizer/Wyeth and Merck Schering Plough mergers signal the beginning of the end of the traditional vertically integrated pharmaceutical business model. It is evident that pharma is shifting away from its almost 100 year focus on R&D and manufacturing to less labor intensive and costly activities like advertising, marketing, sales and distribution—things that drug makers have excelled in the past decade or so. Innovation will likely no longer come from within but from external sources including academia, biotechnology companies and third party vendors including CROs and CMOs.   

While the loss of thousands of R&D scientists will have little impact on the productivity and operations of life sciences companies themselves, it has serious implications for academic institutions that train life sciences graduate students and postdoctoral fellows. In the past, PhD scientists who were unable to find academic jobs too refuge and found gainful employment in the life sciences industry. However, American industrial R&D jobs are becoming harder and harder to find as larger companies continue to outsource those activities, to Asia, South America and Eastern Europe. And, the competition for the remaining jobs is becoming increasingly fierce. Put simply, academic institutions have to begin to realize that we no longer need as many PhD-trained life scientists as we have in the past. At present, there is a glut of PhD life scientists in the US, many of whom can’t find jobs. Perhaps, this should be taken into account before graduate school admissions committees determine the number of new graduate students they will admit next year.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!!

 

Pfizer/Wyeth Announces Plans to Consolidate and Reduce R&D Activities at Collegeville, PA and Pearl River, NY Sites

Employees of Pfizer/Wyeth were notified earlier today of impending changes and consolidation that will be taking place at the newly combined company. According to internal sources, Cambridge, MA, Groton, CT and Pearl River, NY will be the main centers of the combined company’s East Coast operations and San Francisco and La Jolla/San Diego CA will represent West Coast operations. In Europe, the research facility in Sandwich, England will be the main R&D center with a network of smaller sites, in locations such as Montreal, Ottawa, Cambridge UK, Aberdeen UK, and Dusseldorf, Germany providing expertise in vaccine production and biomanufacturing. The company’s China R&D Center in Shanghai will remain the focal point of operations in Asia,

There will be substantial reductions in headcount and the company’s R&D footprint. These include:

  • The former Pfizer headquarters in New London, CT, which will be consolidated into the nearby Groton, CT site. Functions currently located at New London will be relocated to Groton
  • Elimination of all R&D activities at Princeton, NJ; Sanford and the Research Triangle Park, NC; Chazy, NY; Rouses Point and Plattsburgh, NY; Gosport, Slough and Taplow, UK
  • R&D activity will be substantially reduced at the Collegeville, PA and Pearl River, NY sites. Pearl River will remain a center for vaccine and biopharmaceutical development

I suspect that many of the employees who will lose their jobs as a result of the consolidation have already been or will be notified shortly of their fates. It is unfortunate that pharmaceutical companies continue to lay off thousands of employees when the US unemployment rate continues to rise and will likely hit 12 to 13 percent before it is all said and done. As expected, the combined company is reducing its US R&D operations and will likely outsource or purchase these activities from external sources. It is not a good time to be an American R&D scientist.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Skills to Learn While Unemployed to Make Yourself More Employable

As somebody who has been unemployed more than once, unemployment can be depressing, very frustrating and extremely worrisome.  In addition to sending out resumes and networking, I highly recommend using the free time that you have at your disposal to learn new skills to either make your life more manageable or to increase your employability.  Obviously, unemployed persons usually don’t have the money to enroll in formal training programs but thanks to the Internet and social media there are a variety of free tools and options out there for people looking to pick up new skill sets. 

Amber Johnson at OnlineDegreePrograms.org has put together a list of 100 skills you should learn (for free) while unemployed. While many of her suggestions are intuitive, there are a few on the list that may surprise you and quite possibly improve your chances of finding a new job!

100 Skills You Should Learn (for Free) While You’re Unemployed

People Skills and Networking

Become a better networker, small talker and listener to improve your job prospects.

  1. Listen: Become a better listener by tuning out background noise and making eye contact.
  2. Build a portfolio: Have an organized hard copy and file on your computer that succinctly and accurately represents your best work.
  3. Share the conversation: Don’t dominate the conversation: learn to take a step back when you’ve said your part, and know when to jump in if the conversation becomes all about them.
  4. Understand your emotional intelligence: Become more socially aware and learn to evaluate your own emotions and reactions.
  5. Bring personality to a company: Being able to provide something that people can relate to behind the big corporate name is priceless.
  6. Make your resume Internet ready: Make sure your updated resume will display nicely when you e-mail it and post it on job sites.
  7. Set an example: Learn how to inspire others by doing what you love, being expressive, and helping others along the way.
  8. Expand your network: Tap into contacts two or three degrees removed from your regular network.
  9. Network or interview on the phone: Stop working on your in-person networking skills for a minute and remind yourself how to win someone over via the telephone.
  10. Give a strong handshake: Impress people with your confidence by giving a better handshake.
  11. Remember people’s names: From face association to repetition, there are various ways to remember a person’s name.
  12. Know when and how to use icebreakers: Become the one other people depend on to make connections and feel comfortable.
  13. Make a point to grow existing relationships: Don’t just get to know people on the surface: get to know business and personal contacts on a deeper level.

Life hacks

From making your own coffee to saving gas, here you’ll learn valuable skills that save you money, too.

  1. Make your own coffee: Cut back on expensive coffee runs by learning how to make your own cup.
  2. Comparison shop: Comparison shopping will save you money and turn you into a more responsible consumer and better product researcher.
  3. Learn how to be more energy efficient: Save money on energy bills at home and at your new office when you get hired again.
  4. Save gas: Minimize the number of times you have to spend money on gas by making each fill up last longer.
  5. Eat cheaply: Watch this video to learn how to make yummy meals out of dollar-store food.
  6. Discover your life purpose: Discover how to tap into your life purpose and passion to give you more direction in your job search and life goals.
  7. Face reality: Accepting and dealing with reality will help your career and your personal life.
  8. Cook: While you have the time, learn to cook healthy, budget-friendly meals for yourself, and use leftovers.
  9. Being positive: Stop complaining and turn yourself into a positive thinker.
  10. Meditate: Meditation will help get you through the tough times.

Productivity and Task Mastering

Stay productive and learn to stay on task, avoid procrastinating and set goals even when you’re unemployed.

  1. Get up on time: Learn how to get up right when your alarm goes off to get a fresh, productive start to the day.
  2. Funneling: The art of funneling means that you know how to manage incoming projects and to-do lists, and prioritize them accordingly.
  3. Speed reading: You’ll be able to stay on top of industry reports, news stories, job postings and more when you learn to speed read.
  4. Break things down: Turn difficult tasks into easier ones by breaking them down and taking it day by day.
  5. How to set goals: Setting goals will help you be more successful, in the short-and long-term.
  6. Overcome fear of failure: Fear of failure wastes time and prevents you from doing what you really want.
  7. Beat procrastination: This step-by-step guide will help you beat procrastination.
  8. Prepare a to-do list: A well-organized to-do list will keep you on track and save time.
  9. Learn the Pomodoro Technique: Those who are anxious about meeting deadlines should master this technique.
  10. Eliminate distractions: Learn how to tune out distractions and interruptions.

Computer and Internet Skills

These skills will turn you into a better Googler, blogger and typer.

  1. Online research: Besides helping you find a job, solid Internet research skills will make you a desirable job candidate.
  2. Learn how to use different operating systems: Train yourself to learn how to use Macs, Windows and Linux systems.
  3. Hack Google: Learn all of the Google shortcuts and business tools.
  4. Build a high-traffic website: Promote yourself and show potential employers how you can improve their websites.
  5. Use Facebook productively: Turn Facebook into a business tool for networking, branding and more.
  6. Basic web design: Employers will snatch you up if you know even basic web design.
  7. Blog: Becoming an expert blogger takes time, so use your unemployment to learn the technical and business side of blogging.
  8. Telecommute: Learn how to work with others online.
  9. Learn to type: Typing quickly and correctly saves you time and makes your work look more professional.
  10. Create a podcast: This fun and simple skill could increase your job prospects too.

Organization

Organize your personal and professional life by learning these skills.

  1. Be punctual: Being punctual forces you to map out your day according to appointments and to-dos.
  2. Use spreadsheets: Spreadsheets are great organizing tools and are used at almost every office.
  3. Sort email: Set up folders, archives, filters and searches to organize all of your emails.
  4. Prioritize: Prioritize your tasks so that it’s easier to work down your to-do list.
  5. Use a calendar: Make use of an online calendar to set up alerts and more tools to help you stay organized.
  6. Improve your memory: Practice different techniques to improve your memory.
  7. Organize your closet: A better organized closet will help you stay on top of chores and get ready faster in the mornings.

Writing

Write better emails, use better grammar and influence others with your writing.

  1. Write better emails: Write effective, impressive emails and subject headings.
  2. Learn correct grammar: Poor grammar will hurt your career prospects in a heartbeat.
  3. Persuasive writing: Learn how to write more persuasively and passionately.
  4. Write for the Internet: Writing online pieces is completely different than writing for traditional media.
  5. Write the perfect cover letter: Write a better opening and remember to include all the important details.

Confidence

These skills will boost your confidence and make others take notice of you.

  1. Work on body language: Learn how to stand confidently, make eye contact and relax.
  2. Trust yourself: If you’re constantly worried about what other people think of you and your decisions, you’ll come across as weak and inexperienced.
  3. Examine your soft skills: Discover what soft skills make you a good employee: leadership, dedication, or the ability to motivate others.
  4. Master the job interview: Be prepared, be confident and research the company and person you’re interviewing with.
  5. Handle rejection: Stay confident and inspired even when you aren’t getting call backs.

Promotion and Branding

The skills you learn to promote yourself now will pay off later.

  1. Design for branding: Learn how to think creatively and visually in order to promote your brand.
  2. Understand copyright: Learn about copyright laws and how to get your own patent.
  3. Promote yourself without bragging: You’ve got to learn how to relate to people and make them interested in you and your experience, without bragging.
  4. Know — and own — your best attributes: Show off your ability to close a sale or put on your resume that you’re the one to call if a decision needs to be made.
  5. Being accountable: Monitor what’s being said about you online and on social networks, keep track of your brand’s reputation, and own up to any mistakes or issues people have with you.
  6. Use Twitter effectively: Learn how to use Twitter to boost your brand and reputation, not diminish it.
  7. Develop your message: Learn how to create a focused, engaging message.
  8. Write a press release: Even if you don’t work in PR or marketing, being able to write a press release is a valuable, desirable skill personally and professionally.
  9. Follow up: Make sure you follow up on promises and after meeting new people.
  10. Identify an audience: Learn how to rework your message depending on who you’re speaking to.

Speaking and Communication

From better storytelling to learning a new language or becoming an effective public speaker, these communication skills will make you more influential and confident.

  1. Learn a foreign language: Speaking at least two languages greatly increases your desirability as a job candidate.
  2. Storytelling: For presentations and networking, it helps if you’re a good storyteller.
  3. Keep it simple: Don’t babble; instead, learn to speak clearly and simply.
  4. How to make transitions: Making smooth transitions in your talks and presentations will strengthen your speech overall.
  5. Deliver bad news: You should learn how to be diplomatic and break bad news considerately.
  6. Consider things from different points of view: Relate to your audience and act like a fair leader by considering various points of view.
  7. Give a compliment: If you’re uncomfortable giving compliments, you’d better learn how to get over it.
  8. Negotiate: Negotiate salary, job offers, payment, and more.
  9. Conflict management: Learn how to be more diplomatic and solve problems in the workplace.
  10. Speak to executives: Don’t be afraid to talk to the boss, just make sure you do it the right way.

Finance

Save money and learn smarter budgeting tips here.

  1. Open a Roth IRA: Use a little of the money you have saved to start a Roth IRA for the future.
  2. Pay taxes as a freelancer: If you’re freelancing between full-time jobs, you’ll need to learn how to do your own taxes.
  3. Turn eBay into a money-maker: While you’re out of work, learn how to use eBay to make extra cash.
  4. Haggle: Get better deals on food, entertainment, clothes and more when you learn to haggle.
  5. Lower your cell phone bill: Learn how to lower your cell phone bill when you’re tightening your budget.
  6. Get a tax extension: If you just can’t pay your taxes this year because you’re unemployed, learn how to get an extension.
  7. Consolidate debt: This skill may help you with a finance problem at work and alleviate some of the burden of high interest rates.
  8. Make a budget: This practical skill will save you money and help you trim expenses at work.
  9. Find a bargain: Learn when to go generic and hunt for bargains.
  10. Save: Practice restraint by setting up savings accounts and spending less.

Weird Skills

You never know when you’ll need to win a fist fight or have to know your tolerance for alcohol, so practice now.

  1. Win a fist fight: Man up and learn how to win a fist fight or street fight.
  2. Be more photogenic: Look more attractive and confident in photographs.
  3. Know your tolerance: Before getting wasted at networking events or office parties, know how much booze you can handle.
  4. Be a respectful house guest: Review basic etiquette and send a thank-you note the next day.
  5. Know when someone is lying: Be able to tell when someone else is lying to protect yourself.

Miscellaneous

From tying a tie to taking better notes, here are more skills you should learn while you’re unemployed.

  1. Stay on top of industry news: Make reading industry reports and niche news blogs a habit for when you’re unemployed and when you get a job.
  2. Get comfortable with international travel: Even if you can’t afford a plane ticket, read world news, learn a language and keep up with other cultures to broaden your horizons and show potential employers that you’re open to traveling for them.
  3. Tie a tie: Make sure you always look presentable by tying your tie correctly.
  4. Keep your brain active: Keep learning so that you’re in shape to tackle new challenges when you do find a job.
  5. Take better notes: Learn to take notes during interviews and meetings.

There you have it!

Until next time...

Good Luck and Good Job Hunting!!!!

The Changing Face of Pharmaceutical Sales: AstraZeneca Offers Its Entire Sales Force a Buyout Option

The Pharmalot Blog reported today that AstraZeneca offered all of it sales representatives—numbering 5,000-6,000—a buyout option. However, AstraZeneca prefers to avoid the term buyout and instead instructed its reps to ’self identify’ whether or not they want a package to leave the company. According to the post, an AstraZeneca spokesman declined to discuss how many reps it would like to shed, but did provide this statement:

“AstraZeneca is making changes to our sales force, which will be managed first by looking at vacancies and offering field sales employees the opportunity to self-identify whether they are interested in leaving the company. We will know the full scope of the changes in the coming weeks.”

Like many other pharma companies, AstraZeneca will lose $11.1 billion in patented-protected revenue by the end of 2012 and face stiff generic competition.

Pharma sales reps, like R&D scientists, have been facing tough times over the past three years or so. In the late 1990s, pharma companies hired massive numbers of reps, only to realize several years later, that increasing the number of reps didn’t necessarily translate into increase drug sales. The economic downturn, coupled with projected loss of revenues due to patent expiry of blockbuster drugs over the next few years, provided pharma with an opportunity to downsize. Finally, the growing use of web-based strategies to educate physicians, contract sales forces and a diminishing number of products led to the demise of the pharma rep as we know it.

My recommendation to downsized reps is to get some biotechnology training or device/diagnostic training and to try and leverage previous experience into sales jobs at biotechnology and devices companies. Both industries have enormous growth potential and the transition from pharma to them shouldn’t be all that onerous.

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Around the Industry: Layoffs and Closures

The fourth quarter is over, earnings are being announced and new budgets for the upcoming fiscal year are being evaluated and tweaked. This means that we have officially entered layoff and closure season. Isn’t it great that big companies wait until right before the holiday season to let employees know whether or not they will have a job next year?

That said, two companies, Bristol Myers Squibb (BMS) and Pfizer/Wyeth are the first to kickoff the 2009-2010 season.

BMS announced that it will lay off 25% of its Abilify sales force. This comes only six months after the drugmaker extended its contract with Otsuka Pharmaceutical to market the anti-psychotic and depression drug. Abilify is BMS’s second best selling medication after Plavix that is co-marketed with Sanofi-Aventis. Otsuka developed the drug and BMS markets and distributes it in the US and several European counties.

Abilify loses patent protection in 2012 and faces stiff generic competition in the anti-psychotic and depression markets. A BMS spokesperson declined to say exactly how many reps would be losing their jobs. However, according to a post on the sorely missed and recently resurrected Pharmalot blog there is speculation that Otsuka may hire some of the layed off BMS reps.

In other news, Pfizer/Wyeth announced that it will be closing its facility in Bridgewater, NJ but expanding operations at its Peapack-Gladstone, NJ location. The Bridgewater facility employs 300 people, 100 of which are involved in technology.  The company announced yesterday that it wouldn't be shutting down Wyeth's Collegeville, PA headquarters.

Over 120,000 employees have been laid off by pharma companies in the past three years, many of whom lived and worked in New Jersey.  Unemployment in NJ is hovering around 10%.

Stay tuned for more updates.

Hat tip to Ed at Pharmalot

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Wyeth-Pfizer Merger Jobs Update: Wyeth's Collegeville, PA Headquarters Will Remain Open

In a previous blog post, I suggested that there was much speculation about whether or not there would be substantial job losses at the various Wyeth sites throughout Pennsylvania after the Wyeth-Pfizer merger closes. As you may recall, company representatives were assuring Pennsylvania legislators that major job cuts and site closure weren’t likely. 

Yesterday, Bernard Poussot, president of Wyeth Pharmaceuticals, sent a message telling employees the company’s Collegeville Headquarters, which employs about 4,000 people, would remain open after the deal closes on October 15, 2009. The fate of employees at other Pennsylvania-based Wyeth facilities remains uncertain.

While this may be good news for some employees at the Collegeville site, it is likely that a substantial number of jobs will be shed after the deal closes. Previously, Pfizer suggested that the combined company intends to shed about 20,000 jobs. I guess the good news is that all 4000 Wyeth employees won’t be losing their jobs!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

Considering a Science Career in Government? You Must Read This!

The bad news is that the US unemployment rate is close to 10 percent. The good news is that the government is looking for scientists at FDA, NIH, USDA, CDC, EPA and other agencies. For those of you who haven’t applied for a government job, the process can be daunting and overwhelming. To alleviate some of the pain, Cyndi Fischer, MSA at the BioCareer Center has written a post on the salient features of filling out a job application for a government job!

Capturing Your Worth in a Government Job Application 

You’d like to consider government employment but are not sure where to start. You know the government has a generous compensation and benefit plan, can offer long term employment stability, and in most cases its employees do not need to seek research grants or funding to continue their rewarding scientific work. Sounds like a dream, so why haven’t you applied? Perhaps you’ve heard that it’s hard to get a government job, that the hiring process is mysterious, slow and a confusing maze of information. While some of those concerns are valid some of the time, government employment has such positive benefits it is indeed a career path you don’t want to overlook. The most important thing to remember about applying for a government position is that all the items that appear to be drawbacks to you in the application phase, are really set in place to ensure that the most qualified candidate, hopefully you, will get the job!

So what do you need to know to ensure that you have the best shot at being considered for a coveted research position within the government? First you must apply to a vacancy announcement published by the government in order to be considered, and subsequently offered employment. Almost all government entities now use an automated system to post vacancy announcements and receive applications. The most widely used website to post vacancy announcements is USAJOBS.opm.gov. Once you have established an account on the site and placed your resume in the space available, you are ready to apply for any vacancy announcement you would like. Be keenly aware though, this is where attention to detail separates the candidates to be interviewed from the resumes in the scrap pile. The government hiring system revolves around merit. Specifically, the candidate who has the most knowledge, skills and abilities (KSA) to be successful in the vacant position should be offered the job, as the desired KSA’s for an opening are derived from the position description itself. Your role is to ensure that you capture your KSA’s as accurately as possible so that you are considered for the positions you are most qualified to hold.

If KSA’s are the key to government employment, how do you ensure you include everything that needs to be considered? In many cases this will be easy to discern as the vacancy announcement will list specific KSA questions prompting your response. If there are questions that seek specific answers, it is a requirement that you answer them or your application will not even be considered. In the event there are not specific questions presented, you must ensure you cover the likely KSA’s for that position within the body of your resume. Knowing what the KSA’s are for the position being advertised is one

aspect of being qualified for the position you are seeking. Let’s take a quick look at each element of the KSA’s so you know how to present your talents.

Knowledge covers the body of intellectual information you possess that will assist you in the position. This knowledge is not limited to your academic knowledge, though critical, but encompasses all aspects of what you know that pertain to the position. Included in your mental reference library are federal, state and local regulations that govern the work you will be doing, policies and procedures that apply to the work environment, industry standards and cutting edge technology that you are current in that would make you a good fit for the position. Essentially any knowledge that you possess and can articulate in your resume that is pertinent to the job you are seeking is something you should capture in your resume or the KSA questions presented as part of the announcement.

Skills represent the manipulation of systems, processes, people and things that will allow you to be competent in the position in question. They can include specific skills that require you to operate technical equipment or work with particular software or hardware systems or they may be more generic such as the skills required to communicate effectively. These skills are often the core competencies of the position and are incredibility important. Conversely, some of them are areas that professionals often under-report in their resumes as they take many of these skills for granted such as problem solving, creative thinking, decision making and stress tolerance. In most cases, government application software systems allow you a very generous amount of character space to document your KSA’s or resume, so leave no skill uncaptured!

Abilities refer to your capabilities as they apply to the work environment. Your ability to manage people and programs; to organize, plan, implement, and evaluate; to analyze, supervise or otherwise effectively impact the mission of the organization. One of the unique aspects of this element is that you do not have to have a vast work history to quantify what you can offer an employer in this category. You may have organized a large volunteer effort or been part of a regional political campaign. Any quantifiable information that depicts your role in a challenging environment which allows you to capture the results of your efforts is value added in this element.

Government employment has many rewarding aspects – not the least of which is that the infrastructure of the whole civil service is based on merit. Now that you know a little more about how to present yourself and what you have to offer in the three key government consideration areas (KSA’s) you are one step closer to accepting your first federal research position. Remember it’s not what you know and what you can do that counts in a job application; it’s what the selecting official knows you can do that matters. Good luck!

Cyndi Fischer, MSA is the Director of Strategic Recruitment for STG International. As a Human Capital Management specialist her work concentrates on agency level recruitment strategies and workforce planning. During her tenure at STG, Mrs. Fischer has designed and implemented recruitment strategies, branding techniques, and succession plans for many federal agencies seeking Phd/MD level candidates for research, managerial, and professional opportunities. Mrs. Fischer has a Bachelor of Science degree in Criminal Justice and Psychology and a Master of Science in Administration degree in Human Resources. www.stginternational.com

 

Temporary Jobs Can Help a Career

I have heard from many jobseekers, who—despite many years of work experience— are having difficulty finding full time employment. During economic down turns many companies cannot or are reluctant to hire full time employees. However, this doesn’t mean that there is work to be done. Consequently, many firms look for part-time, temporary or contract workers to handle the work that must get done to maintain operations.

Melanie Wanzek of CTW Features wrote an excellent article on why taking a temporary job might be a great opportunity for those who can’t find full time employment. Temporary jobs provide an opportunity to learn new skills, apply old skills to solve new problems or to gain experience in your profession.

For those of you who think that this may be right for you. Here are several questions you should ask a prospective employer when considering whether or not to accept a temporary or contract job opportunity.

  1. Who will my supervisor be?
  2. What hours will I be expected to work?
  3. Is there a dress code?
  4. What is the work environment like?
  5. Do temporary workers have their own workspace or is it shared?
  6. How are my benefits different or similar to full time employees?
  7. Is there more scheduling flexibility for temporary workers?
  8. Is there a possibility that this temporary opportunity might turn into full time employment?

Scientist who may be interested in contract work please check out a previous post that I wrote on this topic.

Until next time

Good Luck and Good Job Hunting!!!!

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Managing Emotional Fallout After Losing a Job

Losing a job is a BIG deal whether you were layed off, fired or right-sized out of it. Not only do you have to worry about health insurance, bills and paying rent or making a mortgage payment, you must also deal with a myriad of self esteem and emotional issues that frequently arise after losing a job. While there are many articles and books that describe how to functionally conduct a job search after being layed off, there are only a handful that discuss how to cope with the stress and negative emotions that frequently accompany job loss.

Many people who lose their jobs frequently experience emotions like anger, desperation, hopelessness and even depression. These feelings must be acknowledged and then addressed and managed because they not particularly useful when looking for a new job. Further, when left unattended, these feelings can exact both a financial and an emotional toll on the unemployed.

In this Sunday’s New York Times, Phyllis Korkki, who writes “The Search” column describes how to manage the negative emotions and financial problems commonly associated with losing a job. She also provides tips on how to minimize “the pain” and accentuate the positive after experiencing a job loss.

Until next time...

Good Luck and Good Job Hunting!!!!

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Jobseekers Beware!

We are living in financially uncertain times. While economic indicators suggest that the recession might be drawing to a close, most financial pundits agree that unemployment will continue to rise  long after the economy has improved. Most people who have lost a job will tell you how emotionally and psychologically—not to mention financially—debilitating it can be. People who have been unemployed for more than a couple of months are typically desperate to find work. And, as the old adage goes “Desperate times call for desperate measures.” To that end, many unemployed workers may consider job opportunities that they normally wouldn’t consider during more certain times. Unfortunately, criminals, grifters and con artists are keenly aware of this and frequently prey upon and take advantage of unemployed workers.

Over the past several months, I began receiving e-mails messages about “mystery shopper” and “logistic agents” job opportunities. At first, I thought that these so-called job opportunities looked interesting. However, after digging a little deeper and scrutinizing the ads more carefully, I realized that these were little more than artfully-designed scams. This, according to an article written by Riva Richmond in today’s New York Times, is only the “tip of the iceberg.” I highly recommend that you read the article to learn how to protect yourself and avoid being scammed while looking for new employment opportunities.

Until next time....

Good Luck and Good Job Hunting!!!!!!!!

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Bristol-Myers Squibb to Buy Monoclonal Antibody Maker Medarex

Bristol-Myers Squibb (BMS) announced late yesterday that it intends to purchase Princeton, NJ-based Medarex for $2.1 billion. BMS and Medarex were working collaboratively to develop a monoclonal antibody called Ipilimumab as a treatment for late stage melanoma.

The acquisition represents BMS’s public commitment to transform itself into a “next generation pharmaceutical company” with both pharmaceutical and biotechnology products in its arsenal. Last year, BMS bought Kosan Biosciences, Inc a California-based biotechnology company developing novel cancer treatments. Also, as you may recall, BMS lost ImClone to Lilly in a bidding war over Erbitux—a monoclonal antibody-based colorectal cancer treatment that was co-marketed by BMS. 

Medarex was one of the last independent, public, late stage monoclonal antibody development companies in the biotechnology industry. Many of its competitors, like ImClone and Cambridge Antibody Technologies, had already been acquired by big pharma and I was wondering when Medarex would be acquired. I have always held Medarex in high regard and it is a solid and well position company. To that end, I recommended that my mother purchase Medarex stock several years ago telling her that I thought it had a huge upside. Not surprisingly, the stock has been soaring since the announcement; so much so that my mother called me today to tell me how smart I was—go figure.

It is not clear, at present, what effect, if any, the Medarex acquisition will have on the employment situation in New Jersey. Although BMS is headquartered in NYC, it has two large sites in New Jersey, one in Lawrenceville and the other in Plainsboro. As mentioned above Medarex is based in Princeton, NJ. BMS has been steadily downsizing over the past three years and I suspect that there may be more layoffs after the Medarex deal closes.  If there are layoffs, more are likely to occur on the Medarex side of the business.

While I have been critical of some of BMS’ strategic moves in the past, I think the Medarex acquisition is an outstanding one and BMS will likely benefit from it!

Until next time...

Good Luck and Good Job Hunting!!!

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How to Act and What to Say to Someone Who Has Been Layed Off

As the recession slogs on, it is likely that many more people will lose their jobs and you might find yourself in the unenviable position of having to commiserate or console a friend or colleague was layed off. Not surprisingly, this is often a difficult and delicate situation that requires some sensitivity and tact. 

Because many of us have never been layed off or fired, it is often difficult to know what to say or more importantly determine what a person who lost their job may want from family and friends. To that end, there was a wonderful article in today’s New York Times that offers some insightful suggestions and guidance on navigating a conversation or meeting with a friend or colleague who recently lost their job.

Read and learn!!!!!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

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Most Livable US Cities in Financially Troubling Times

Forbes Magazine released its annual list of America’s most livable cities. The list is created based on quality of life measures in cities with populations of 500,000 or greater. The cities on the list indicate where unemployment is low, income growth is high and living the good life is affordable. 

Number one on the list was Portland, ME because it is safe and apparently has several outstanding microbreweries. Bethesda, MD (what about traffic), and Des Moines IA (what?) round out the top three, followed by Bridgeport/Stamford, CT ($$$) and Tulsa, OK (no way)! The remaining five on the top list included Oklahoma City OK (where the waving wheat....), Cambridge, MA (Harvard and MIT, what’s not to like), Baltimore, MD (Camden Yards rocks), Worchester, MA (why?) and Pittsburgh, PA (nice family town). My favorite place to live, Madison, Wisconsin was relegated to 13th place on this year’s list (sigh).

Until next time...

Good Job Hunting and Good Living!!!!!!!!!!

 

Going, Going....Gone: Genentech Agrees to Roche Buyout

Late Thursday, after 8 months of difficult and often acrimonious negotiations, Genentech’s board finally caved and agreed to allow Roche to purchase the remaining 44% of the outstanding Genentech shares that it doesn’t already own. The price: $95 per share—less than the $112 per share that Genentech’s board and management team wanted —but better than the $86.50 per share that was tendered last fall.

While Roche contends that it will continue to run Genentech as an autonomously operating business unit, many Genentech employees are dubious. I suspect that many DNA (Genentech’s stock symbol) employees will embrace a “wait and see” attitude before any decisions are made about whether or not to stay at the “new company.” Roche’s greatest challenge will be integrating the two companies without ruining Genentech’s innovative culture and immediately sending its best scientists and management team out the door. Pharma and biotech corporate cultures are very different from one another and many biotech employees find it difficult to adapt to big pharma’s slow-moving and anachronistic approach to drug development. As previously reported, US business operations of both companies will be based at Genentech’s headquarters in South San Francisco, CA rather than in Nutley, NJ, where Roche’s American business is currently based. This is not good news for many of Roche’s Nutley employees. Roche has been trying unsuccessfully for years to jettison the Nutley site and it seems likely now. Don’t be surprised if you see a mass exodus at the Nutley site. All of Roche’s US products will be sold under the Genentech brand.

Roche’s purchase of Genentech, America’s oldest biotechnology company (started in 1976) and considered by many to be the crown jewel of the industry, truly signals the end of an era. Let’s hope that another “Genentech” (and others like it) emerge as the US biotechnology industry continues to evolve in the 21st century.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

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Roche Takeover of Genentech Likely

Late last week, Roche raised the price of its hostile offer to buy out Genentech to $93 a share, from $86.50. While the Genentech board advised its shareholders that the company is worth $112 per share, many financial analysts believe that the $93 per share offer may entice institutional investors to “pull the trigger” on the deal. Roche also extended its offer to shareholders by a week, until March 20. Roche already owns over 65 percent of Genentech’s outstanding shares.

Roche has indicated that if fewer than half the minority shares were tendered, it would not buy any of the shares tendered by Genentech shareholders. The new offer is likely to bring in more than half the minority shares, which would raise Roche’s ownership to at least 78 percent. About 71 percent of 131 Genentech stockholders who responded to a survey by Deutsche Bank on Friday said they would tender at least some of their shares at $93, and of those, half said they would tender virtually all. It is not clear what will happen if Roche is unable to purchase 100% of Genentech's shares.

Roche is motivated to close the deal as quickly as possible before results are released next month from a clinical trial of Avastin, one of Genentech’s top-selling cancer drugs. That trial, testing Avastin as a treatment for colon cancer after surgical removal of the tumore, could open a huge new market for the drug, which is now approved to treat cancer only at a later stage. Positive results from the trial may push Genentech’s stock price to over $100 per share—something that Roche desperately doesn’t want to happen.

If Roche is successful in its takeover bid, it  will likely to result in massive layoffs at Roche’s Nutley, NJ headquarters. Previously, Roche announced that it would move its US headquarters from Nutley to the Bay area if it acquires Genentech. Not good news for the state of New Jersey which is still reeling from the Pfizer-Wyeth takeover announced six weeks ago and the Merck-Schering Plough merger mentioned earlier today.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

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The Merck-Schering Plough Deal: More Bad News for New Jersey

Merck announced today that it was buying Schering Plough, the Kenilworth-New Jersey based drug maker, for $41.1 billion. The deal comes only six weeks after Pfizer said that it would purchase NJ-based Wyeth Pharmaceuticals. Superficially, the deal may make sense for the two struggling drug makers—they co-market the cholesterol-lowering drug Vytorin and also have collaborations in the respiratory diseases area. Also, Schering Plough has the European rights to the anti-arthritis drug Remicade and its 2007 purchase of the Dutch biopharmaceutical company Organon Biosciences NV provides access to several potential biotechnology drugs. Nevertheless, the impending merger will ultimately result in job losses and higher unemployment in the state of New Jersey.

Merck currently employs 55,200 workers and Schering-Plough—which grew significantly with its purchase of Organon—also has about 55,000 employees. While no immediate job cuts are planned, a company spokesperson acknowledged that the size of the combined workforce will be reduced by approximately 15%-20% over the next year or so. This means that as many as 20,000 pharmaceutical employees may lose their jobs—a time when unemployment in NJ is approaching 10 percent! My sources tell me that Merck employees are already on edge because of surprise layoffs that occurred in early September, 2008. I suspect that employee anxiety will be extremely high at both companies for the foreseeable future—never a good thing from a productivity point of view.

According to press releases, Schering-Plough's shareholders will get $10.50 in cash and 0.5767 Merck shares for each Schering-Plough share they own. That's a 34 percent premium to Schering-Plough's closing stock price on Friday. Merck's top executive, Chairman and CEO Richard Clark, will lead the combined company, which will attempt to remain a dominant player in treatment areas including cholesterol, respiratory, infectious disease and women's drugs, as well as vaccines. Schering-Plough's CEO, Fred Hassan, will participate in planning integration of the two companies until the close of the deal, which is expected in the fourth quarter. The transaction is to be structured as a reverse merger. Schering-Plough will be the surviving corporation but will take the name Merck. The new company will remain at Merck's headquarters in Whitehouse Station, N.J. and a company spokesperson indicated that a "substantial majority" of employees of Schering-Plough will remain with the newly-formed company. The combined revenue of both companies in 2008 was $47 billion.

Mr. Hassan, a talented, “turn-around” pharmaceutical executive, took over Schering-Plough six years ago as chairman and CEO—a time when the company was struggling with a $500 million fine (the largest ever at the time) imposed by the US Food and Drug Administration because of chronic manufacturing problems. While Schering-Plough is now in much better financial shape than when Mr. Hassan first arrived at the company, its stock price is currently almost identical to the price when he took over (it lost 50% of its value in the past 18 months). Let’s see whether or not Richard Clark, Merck’s current Chairman and CEO, has the mettle to run the combined company. While Schering-Plough has long been rumored to be a takeover target, I don’t think that the Merck-Schering Plough deal is a particularly good or strategic one. Both companies have been struggling of late because of near empty drug pipelines and the ongoing brouhaha over Zetia, Vytorin and Merck’s Vioxx. Further, both companies face price reductions and slumping sales in the next year or so because several blockbuster drugs will lose patent protection and face stiff competition from generic drug manufacturers.

Like the Pfizer-Wyeth deal, the Merck-Schering Plough merger may little more than a red herring. I still fail to see how merging two oversized, struggling pharmaceutical companies can possibly result in the creation of a single successful one. The only upside of the deal is that it allows the newly-formed company to restructure operations, eliminate tens of thousands of jobs and cut costs to bolster its stock share price. That said, I don’t think that an artificially-inflated stock share price necessarily translates into the innovation that historically has been required to create new drugs to treat unmet medical needs!

Until next time...

Good Luck and Good Job Hunting (avoid NJ at all costs)!!!!!!!

 

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Some Interesting Statistics for Job Seekers

It shouldn’t come as much of a surprise, but according to a recent survey of 3,000 job seekers conducted by the outplacement firm Challenger, Gray and Christmas the time it takes to find a job is growing longer. For example, the median time for job searches conducted by those winning positions grew from 3.6 months in the second quarter to 4.4 months in the third quarter of 2008. Also, it found that 13.4% of job seekers relocated to take new positions in the third quarter of 2008. While this is up from a first quarter figure of 8.9%, it is still lower than the percentage of job seekers (15%-16%) who relocated in 2006 and part of 2007. 

As layoffs increase and the US economy worsens the percentage of people willing to relocate for new positions will likely increase even as home prices continue to fall. Unfortunately, some job seekers may find themselves trapped (despite a willingness to relocate) because of an inability to sell their homes. Put simply, this may be one of the toughest job markets in recent history.

However, as a well known recruiter once told me: “All too often, job seekers allow themselves to get mired in the doom and gloom of a failing job market. However, if they can remember to approach a job search with a mindset of “all I need is a single job offer” then they will undoubtedly be successful.” That said, while your next job may not be the one that you really wanted, simply having a job is what matters in uncertain financial times.

Until next time….

Good Luck and Good Job Hunting!!!!!!!!!!!

 

The Recession is Coming...The Recession is Coming...Oops, It's Here!

Much like Paul Revere back in the day, there have been repeated, urgent warnings about the impending recession that will strike the US economy. Not surprisingly, the Bush administration has done its best to deny the notion that the moribund US economy is actually in recession. 

Today, it was reported that the US unemployment rate hit 5.5% and nearly 49,000 people lost their jobs last month. This is the biggest monthly rise in the unemployment rate since 1986. So far this year, the Unemployed people grew by 861,000 in May rising to 8.5 million. To keep things in perspective, a year ago, the number of unemployed stood at 6.9 million and the jobless rate was 4.5 percent

Last month employers sharply cut jobs in manufacturing, construction, retailing and professional and businesses services. The recent and highly publicized meltdown of the airline industry insures that as many as 10,000 others or more will lose their jobs in the coming weeks. These layoffs, coupled with $4.00 per gallon gasoline, will undoubtedly have a substantial and lasting ripple effect on the American travel and leisure industries. Can anyone still believe that the US economy isn’t in recession (I can think of at least one!).

Until very recently, many of my disgruntled corporate colleagues (who I eat lunch with from time to time) indicated that they were actively seeking new employment. At lunch the other day, a soft spoken but vocal woman who previously said that “she couldn’t take it anymore and was outta here the first chance that she got” quipped; “What’s with all the complaining. We should all consider ourselves lucky that we even have jobs!” I think that says it all….

Until next time….

Good Luck and Good Job Holding!!!!!!