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Dawnette CookeFeb 22, 2024 12:27:05 PM1 min read

Why Competitive Pay in Healthcare and Life Sciences Is Important

A recent report by Mercer highlights a critical challenge: "Nearly one-third of healthcare employers globally report difficulties filling roles due to a lack of available talent." This alarming statistic underscores the need for proactive strategies in Healthcare and Life Sciences Contingent Workforce (CW) Programs.

πŸ”‘ Competitive Pay and Pricing: A Key Strategy

In the HLS sector, where innovation and precision are vital, attracting and retaining top talent involves more than just standard benefits. It requires a deep understanding of market compensation dynamics.

πŸ”„ Continuous Rate Analysis

Rate Analysis should be an ongoing, dynamic process, integral to your Managed Service Provider (MSP), whether internal or external. TalentProcure utilizes advanced technology to provide clients with immediate rate information. This service leverages the world's largest real-time compensation benchmarking dataset, offering vendor-neutral data on pay rate changes for employees hired through direct sourcing and professional or commercial staffing agencies.

πŸ“Š Sample Pay Intel for Boston's HLS Sector (Average Pay Rate per Hour, Mid-Tier Experience):

  • R&D Engineer: $51
  • Scientist: $59
  • Medical Device Technician: $35


🀝 In-Depth Analysis Offer

For a more comprehensive understanding, contact us for a free analysis of your top 5 critical roles. TalentProcure will deliver detailed market pay rate ranges by experience level and average mark-ups by firms, utilizing our Pay Intel software for a robust and competitive workforce management strategy.

πŸ”— Contact Us

Contact us here and build a resilient and competitive workforce management solution with TalentProcure.


Dawnette Cooke

I have over 25 years of experience in the contingent workforce industry. As a seasoned executive and trusted advisor, I currently spearhead strategy and development for Enterprise Clients at TalentProcure, a certified Minority Business Enterprise (MBE) that champions a modern Contingent Workforce Management platform. My career is driven by a passion for collaborating with clients and partners to reimagine and implement forward-thinking strategies that align with contemporary workforce needs and propel the evolution of work. My expertise spans delivering value-added solutions across MSP, VMS, IC Compliance, Direct-Sourcing and SOW Management sectors, underpinned by technology, ecosystem partnerships, and a steadfast commitment to service delivery excellence. Recognized as a thought leader, I eagerly share insights and best practices. Collaboration is the essence of my professional ethos, bringing together visionary ideas and practical solutions to drive meaningful change. Beyond the professional realm, I'm also dedicated to giving back, particularly as an advocate for the National Alliance on Mental Illness (NAMI). I’m grateful for the journey thus far and am thrilled about the future possibilities, both professionally and personally. Let’s connect and explore how we can drive the future of work together, creating a more adaptive, inclusive, and innovative world.