Three Key Leadership Challenges Faced By Organizations In Life Sciences Sector In China

Over the past ten years, the life sciences industry across the globe, and especially in the Asia-Pacific region, has experienced significant growth. Not surprisingly, the number of organizations operating within this niche,  in China has increased by leaps and bounds. This has naturally created a huge demand for expert life sciences professionals capable of handling diverse roles and responsibilities. At the same time, the clients of life sciences executive search firms in China are facing some major leadership challenges in terms of recruiting and retaining top talent. The most important of these challenges are discussed below along with the best ways to overcome the same.

Recruit And Retain A New Generation Of Leaders

Recruiting new generation leaders is one of the biggest challenges, given the shortage of talent and expertise required for such roles. Even when, organizations manage to find and hire such leaders, retaining them for long proves to be equally challenging. The candidates suitable for this role are expected to have significant knowledge of managing the various aspects of this field in addition to possessing appropriate leadership capabilities.

The best way for hiring organizations to overcome this challenge is to cultivate a pipeline of potential leaders. They can also consider the option of hiring more mature executives from other parts of the globe. The organizations also need to coordinate with the executive search firms operating in this niche to assess the leadership potential of allied technicians working in the healthcare sector and grooming them for leadership positions likely to become available in the near future.

Invest In Talent Development

Given the shortage of talent in the life sciences industry, organizations are finding it increasingly difficult to build a natural pipeline of potential leaders. Addressing this problem in an efficient and timely manner is essential to ensure consistent business growth despite the growing competition. For that the hiring organizations need to consider the option of investing in talent development to ensure that the talent pipeline remains continuously populated with competent candidates.

In this context, business organizations need to work closely with companies offering executive coaching in China to identify, train and groom candidates with the right attitude and strong leadership potential. The organizations also need to consider the aspect of the diversity of background and experience while selecting and grooming such candidates. Business organizations might also benefit by sponsoring a cohort relevant to their niche in colleges and institutes of higher education.

Prioritize Cultural Competency

One of the key aspects of hiring the right candidates is to ensure that they are culturally competent to handle the roles and responsibilities associated with leadership roles. This can prove to be especially challenging for organizations hiring leaders from other parts of the globe. Given the uniqueness of Chinese work culture, professionals taking up leadership roles need to make themselves aware of its nuances to become truly successful.

 

Overcoming this challenge requires the hiring organizations to ensure that they hire truly reliable and experienced retained executive search firms in China. Such firms are capable of understanding the needs and expectations of the clients and finding the right candidates capable of fulfilling the same in the most satisfactory and culturally competent manner.

Effective Strategies To Help Top Business Executives Build And Maintain Strong Networks

In any business, building and maintaining professional networks is the key to ensuring consistent growth and success. The onus of handling this key responsibility generally falls on the shoulders of the top executives within the organization. That is why the top executive search firms in China lay much stress on hiring candidates with strong interpersonal skills for these top positions. However, building and maintaining networks requires more than just good interpersonal skills. Discussed below are six important strategies that top executives need to practice on a daily basis to maintain long-term relationships with their contacts.

Be Active On Social Media

In modern times, social media offers an easy and convenient means for people to interact and stay connected. Top executives should develop the habit of carefully following and engaging with their contacts through various social media channels. Activities like commenting on a status update, offering congratulations on career changes and commenting on posts can prove extremely beneficial in this respect.  In case the executives feel the need to start a meaningful dialogue, they can also use private messaging.

Be Prepared To Share Information

One of the key aspects of building long-term relationships is to have a willingness to share interesting and useful information. The top executives should make a habit of sharing new and articles that might be interesting and useful with their contacts. According to the professionals from the leading recruitment firms in China, this is one of the most effective ways to engage the contacts and obtain useful information from them. This exchange of information also helps in maintaining the significance of the professional association between the members of a network.

Stay Focused And Organized

Most top executives within an organization meet and interact with several potential contacts on a daily basis. However, they should possess the ability to segregate these contacts according to their relevance and usefulness. They should then focus on building relationships with contacts that are most relevant as per the business needs. At the same time, they should avoid completely ignoring other contacts even if they feature at the lowest end of the relevance list.

Hold In-Person Interactions Regularly

According to the networking professionals from the best executive search firms in China, it is important for the top executives to engage with their contacts on a more personal level. They need to make time for a face to face interaction with their contacts in an informal environment. The focus of these interactions should be to gain a better understanding of the opinion and thought the process of the contacts based on their behavior and body language. This will enable the business executives to handle the contacts in a more effective manner.

Maintain A Personal Touch

Finally, it is important for business executives to interact with their contacts on a more personal level. This might require them to inquire about the well being of the contacts and their family members regularly. According to the professionals from the executive search firms in China, this can prove extremely beneficial for businesses operating in the country. This is because personal relationships hold much significance in Chinese society and are greatly revered and respected.

Crucial Tips For Business Leaders Partnering With Retained Executive Search Firm In China

Over the years, the retained executive search firm in China has proved to be a quality investment for a number of employer organisations. This is because the retained executive search firms offer a high level of service which includes:

• High level screening of the candidates and offering the list of only final candidates

• Negotiations in order to shift the candidate to the client organisation

• C-level placement and offering benefit consideration

• Third party negotiations

• Highest level of confidentiality in its dealings

In order to further enhance the outcome of the search for the candidate, here are certain specialized tips the hiring managers can take into consideration when reaching out to their chosen Life science executive search firm in China. Read further:

Right Job Description

Without any doubt, this is the first and the foremost step of the job search. Thus, getting it right here increases the efficiency of the executive recruiter and also saves on the time being wasted on the wrong candidates. If the job description is changed by the hiring managers on a daily basis, getting a quality candidate within the timeline seems to be a cumbersome task.

Inform The Consultant About Vacant Job Positions As Early As Possible

There is always a high demand for the quality candidates and thus, if you immediately notify the executive search firms about availability of any job position, they can immediately start with the process of finding the right talent and ensure that the top talent is grabbed.

Respond To The Queries And Other Correspondences

Always understand that every message that your hiring consultant sends you is of great importance. Thus, taking too long to respond can prove fatal in hiring promising new talent in the organization. In a way, ignoring the correspondences of the consultant wastes the time of both the executive search firm and the candidate.

Feedback

You should always communicate your findings about the prospective employees to the recruiter company. This will give the recruitment firm an understanding on what you are looking for and what they are searching for your organization. A feedback can bring both the parties on one table in their quest for a better talent for the organization. This way, the recruiter can easily move to the next set of candidates, if found dissatisfied to the client.

Present The Company During Job Interview

There is no denying the fact that the consultants can inform the candidates about the company, its credentials and the requirements of the particular job position. However, presenting the company in a positive light for any job position, be it, board advisory in China, during the job interview is all in the hands of the business leaders. It is their duty to sell their company as a lucrative and positive work environment for the employee to grow in. They can explain the candidate on why they should work in their company. Also, like it is said, hearing from the horse’s mouth has a better impact rather than a third party preaching the same.

Offer Process

The process of extending the job offers should be left to the retained executive firms as they are the best fit for that task.

How To Choose Career Transition Coaching In China?

No doubt, when you are struck with a career change, the career transition coach can aid in giving a clarity and direction to your career. But what exactly in the career transition coaching in China? Who is the right person to give you the needed career transition coaching in order to smooth out the process of career change? And how can one choose the coach?

Such questions must be popping in your head consider the major career transition you are going through. We give you a checklist of pointers you need to keep in your mind at the time of visiting any company providing executive coaching in China for getting a career transition coach. These parameters can be checked and rated in order to get the best of the lot:

What Coaching Is Not About

People have different notions when it comes to coaching, so to break the wrong, here are certain things that you should not expect from your coach:

• A coach is not a teacher, consultant or a trainer. He will not tell you what to do considering the limited knowledge and experience they have about a particular industry

• He/she is not a counsellor who can treat you for your mental issues which may surface in the form of depression or other emotional weakness

• He/she is not your friend who will listen and you can vent out your feelings for an hour or so.

The coaching will help you understand what you have to achieve and comes up with strategies for reaching out to your goals in a powerful and deep manner. The coach will help you explore blockages which held you back from doing the right progress at the right time.

Target Identification

You have to decide what kind of coach can bring maximum value addition to your life. For instance, if you fall in the category of a procrastinator who requires a firm hand, then a forgiving coach will not work in your case. On the other hand, if you happen to be a high power and self-motivated person, then a gentler coach can help you in tapping the new career opportunities. So, you have to be specific to your needs.

A Nearby Coaching

With the advent of the top leadership development firms in China, there is the presence of more than -10,000- coaches in the vicinity. So, ask your near and dear ones, if they have previously worked with a coach and ask for a genuine feedback. If some references are given, grab the coach who is at the nearest location to your place, but don’t forget to judge the coach on your own set of parameters also.

Credential Check

Presently, Coaching falls in the category of being an unregulated industry, which means every second person can launch a website and tag himself/herself as a career transition coach. However, there is the presence of certified professional coaches also who have completed their courses for giving career change coaching. So, double check the credentials and also the success stories. To validate the success stories, try contacting the persons who have been benefited with the coaching provided by any particular coach.

The career transition coaches give a deep dive support to you when you are undergoing a major change in your career.But, choose you coach wisely!

How Leading Recruitment Firms In China Maintain Secrecy?

There are certain events in the recruitment industry, which are bound to take place when total secrecy is maintained. For instance, when a company is looking for replacement of an existing team member, the process surely needs secrecy because in a way one person is pushed out of the job.

This is required because if the executive or employee being replaced gets to know about the plan of the company, he/she is bound to get disengaged and further, he/she may she even influence the selection process and make the entry of the replacement quite difficult. There are several other occasions when secrecy is needed. It can be to protect the hiring company from the impact of competitors on the recruitment process.

If we keep counting when secrecy is required to be maintained by executive search firms in China, the list will go endless. Hence, let’s focus upon the ways and means adopted by the recruiters to maintain the top level secrecy during the executive search program. Take a look:

Not Disclosing The Specific Information

When the leading recruitment firms in China, reaches out to anyone within the industry for recommendations, they never disclose the credentials of the company which is looking for the job title. They just tell the candidates or even their sources about the kind of job profile and expected work quotient. This helps in developing a preliminary view about the willingness of the candidate without giving any details about the client organization. After judging the willingness, such candidates are invited to go through the selection process.

Limit The Involvement Of People

The recruitment firms maintain that the size of the committee, which sits and search the prospective candidate for the client organization needs to be a small one, say 3-4 people. This is because when the group size is small, the chances of information leak reduces considerably. Even in the client organization, not more than 2-3 people should know that a particular executive is about to be replaced in order to keep the process a secret one. And, only those who support the executive change should be the guardians of the secret hiring.

Keep The Recruitment Things Off The Mail

There are great chances of employees committing errors at the time of sending mails regarding the particular recruitment exercise. They can send the message to a wrong recipient or can leave the window screen open where the passers-by can see the information and thus, leads to leak of information. To avoid this, the International executive search firms in China give reports to the search committee members and such reports can be accessed online. The committee members need to use a secure password to protect these reports from being misused.

The Bottom Line

Indeed, confidentiality is a must have factor when dealing with big companies looking to hire new employees and change the existing ones.These are some of the measures, which the executive search firms take to keep the recruitment process a secret. However, there is nothing like a 100% surety because people are fallible. But, if these steps are followed religiously, the chances of leaks can be reduced to a bare minimum and a protection cover can be given to the client organisation.