Talent Ecology: Talent Shortage Puts Abbott Exec In Proactive Mode

Talent Shortage Puts Abbott Exec In Proactive Mode

Posted by Sean Rehder (Permalink) | 0 Comments | | Friday, August 24, 2007

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"The drug industry's new-product pipeline isn't the only thing that's down to a trickle. The talent pool is dwindling, too.

Higher education has not kept pace with the needs of Big Pharma or biotech, says Stephen Fussell, senior vice president of human resources at Abbott Laboratories (NYSE:ABT) ABT.

Abbott has 70,000 employees. It adds about 12,000 a year and loses about 5,000 for a net increase of 7,000. The company needs people with undergraduate and advanced degrees for jobs ranging from sales rep to laboratory researcher."

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