People Management in Medical Affairs: Development & Retention

STUDY OVERVIEW
BENCHMARK CLASS
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Non-members: Click here to review a complimentary excerpt from “Medical Affairs People Management Excellence: Development, Retention, and Future Needs”

STUDY OVERVIEW

In the dynamic Medical Affairs landscape, the imperative for strategic evolution demands an unwavering focus on People Management (PM) to transcend training, development, and career paths. An effective People Management system isn't merely an advantage; it's the key to differentiation in a fiercely competitive field, directly impacting retention and team performance.

Best Practices, LLC undertook this benchmarking study to investigate winning strategies employed by Medical Affairs groups to maximize their talent and retention through better development and career path leadership. It investigates key aspects of People Management within Medical Affairs, benchmarking ongoing development initiatives, retention strategies, hiring approaches, and performance assessments.

KEY TOPICS

Career Path Milestones
People Management Programs: Successes, Failures, and Ratings of Support
Assessing Managers for People Management Success
Hybrid Lessons Learned
Future Outlook and Focus Areas for People Management Groups

KEY METRICS

Utilization of formal career paths to guide and reward employee growth across Medical Affairs sub-functions
Impediments to effective People Management in Medical Affairs
Tangible steps taken by biopharma organizations to improve the People Management system in Medical Affairs
Important sources for better understanding employee needs
People Management scorecard for individual Medical Affairs sub-functions
Structured evaluation of managers based on their People Management outcomes
Effective methods of assessing managers in terms of their People Management success
Future focus areas for maximizing talent in the Medical organization

SAMPLE KEY FINDINGS

Impediments to Effective People Management: Major hurdles for effective People Management include a lack of resources (58%), time (57%), and strategy (55%).

METHODOLOGY

Best Practices, LLC engaged 31 Medical Affairs leaders from 28 global biopharmaceutical companies in this benchmarking research. A range of Medical Excellence, Medical Training, and other Medical leadership roles were targeted in order to capture the diverse People Management strategies and needs across the industry. Organizational support represented by this study includes Medical leaders in both Global and US-focused roles. Best Practices, LLC also conducted deep-dive interviews with Medical Affairs leaders to capture additional insights.

Industries Profiled:
Pharmaceutical; Biopharmaceutical; Medical Device; Health Care; Biotech; Consumer Products; Clinical Research; Laboratories

Companies Profiled:
AbbVie; Apellis Pharmaceuticals; Astellas; AstraZeneca; Baxter International; Boehringer Ingelheim; Eisai; Genmab; Grifols; Jazz Pharmaceuticals; Novartis; OM Pharma; Roche Molecular Systems; Sandoz; Sanofi; Sobi; Sumitomo Pharma; Teva Pharmaceutical Industries Ltd; UCB Pharma; Vertex Pharmaceuticals; ViiV Healthcare

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at [email protected] or call David Guinn at 919-767-9179 if you have any questions.

Medical Affairs People Management Excellence: Development, Retention, and Future Needs

ID: 5785

Features:

Pages/Slides: 24

Published: 2023

Delivery Format: Online PDF Document

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