RSA launches new "escalator management" recruitment
This article was originally published in Scrip
Executive Summary
The life sciences recruitment company RSA has introduced its "escalator management" staffing initiative. The company's chief executive Nick Stephens launched the approach in Singapore, when he also announced the new RSA Singapore interim management division. The process relies on experts and specialist teams being brought into a business, either at short notice or for longer periods depending on the company's demands. For example, a new biotech company may begin with a chief scientific officer heading up the drug discovery phase, followed by a clinical development officer, a chief medical officer and then a business development director working on the licensed product. Mr Stephens said: "One of the fundamental problems a new company faces is that taking on staff permanently is costly and time-consuming, and in a changing environment, a permanent person with a fixed set of skills may not be what is needed. As the company enters a new phase, it needs access to different skills."