OTTAWA, October 31, 2017 – Today, BioTalent Canada released its third annual National Compensation Guide, which provides the average annual salaries and benefits for 34 popular skills profiles within the Canadian bio-economy. The publication also includes a national review of job descriptions and the experience, skills and education required to effectively function in those roles.
As investments in the sector continue to grow, biotechnology companies have come under increased pressure to find ways to attract new talent while retaining their most valuable employees, an issue according to BioTalent Canada’s labour market report, Sequencing the Data, remains one of the greatest challenges the biotechnology industry faces.
“Biotech companies across Canada depend on proper benchmarking to set competitive compensation levels. Our guide better positions talent and the competitive nature of our industry,” says Rob Henderson, President and CEO of BioTalent Canada.
BioTalent Canada, a national non-profit HR association for Canada’s bio-economy, contends competitive compensation packages are an integral part of attracting top talent, as access to industry-standard compensation practices remains a pain point in the industry.
With a bio-economy built on 80% of small- and medium-sized companies, access to affordable and sector-specific turnkey solutions to advance their HR platforms and practices easily is essential in maintaining a competitive advantage.
The information reflected in the latest installment of the National Compensation Guide was developed in consultation with industry partners to provide relevant and accurate data that matches the changing needs of Canada’s biotechnology industry.
“The continued support of industry associations and HR leaders in developing this report indicates an increased understanding that the success of Canadian biotech companies relies on a comprehensive HR strategy that must evolve alongside the science and technology being developed,” says Rob Henderson.
The report was sponsored by:
Life Sciences Ontario
Life Science Association of Manitoba
For more information on the National Compensation Guide, please visit biotalent.ca/CompensationGuide
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About BioTalent Canada’s National Compensation Guide
BioTalent Canada’s National Compensation Guide is a review of the most popular job functions within the Canadian bio-economy. The publication consists of job descriptions and experience, the skills and education required to effectively function in the role, and an overview of the salaries and benefits. Data like this is crucial to enterprises in the industry to benchmark their compensation and remain competitive. The National Compensation Guide is currently available in English only. For more, information please visit biotalent.ca/CompensationGuide.
About BioTalent Canada
BioTalent Canada is the HR partner of Canada’s bio-economy. As an HR expert and national non-profit organization, BioTalent Canada focuses on building partnerships and skills for Canada’s bio-economy to ensure the industry has access to job-ready people. Through projects, research, and product development, BioTalent Canada connects employers with job seekers, delivers human resource information, and skills development tools so the industry can focus on strengthening Canada’s biotech business. For more information, please visit biotalent.ca.
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