The biotech companies look for the best of talents and take different approaches to hire the deserving candidates
The Indian biotech industry growing at 18.5 percent comprises of 500 companies from various sectors such as biopharma, agriculture, bioinformatics, industrial biotechnology, bioservices, and biosuppliers. The industry looks at recruiting fresh minds as well as experienced personnel. Each year depending on the size of the organization these companies recruit close to 4,000 students with biotechnology backgrounds. Companies having revenue of over Rs200 crore recruit about 100 freshers while firms having revenue of Rs100-200 crore appoint 50-100 students. The companies having less than Rs 100 crore hire about 20-50 students. Companies with less than Rs50 crore look at hiring about 5-10 freshers each year. The offerings are for various functions such as R&D, sales and marketing, quality control, production and operations.
India has close to 450 colleges and institutes offering courses on biotechnology. This number has been declining in the last couple of years because the industry hasn't grown to the level to absorb all the students graduating from these institutes. The country has about 130 public institutes, offering post-graduate, MPhil and PhD courses, 40 engineering colleges and 280 private institutes offering under-graduate, post-graduate, MPhil and PhD courses. In all, India has about 40,000 students who are pursuing biotechnology as post-graduate, MPhil and PhD courses while about 50,000 students are pursing biotechnology related courses at undergraduate level across the nation. So the ratio for supply and demand is in the range of 25:1.
The companies look for the best of the talent and take different approaches such as by participating in campus placements, advertising on their websites and references to hire the best candidates. Very few companies prefer to advertise in local media or newspapers and job portals. The experienced candidates are hired through placement consultancies.
Sharing information to the BioSpectrum Human Resources Survey 2012, Mr Saikiran Kalluri, manager, human resources (HR), talent acquisition team, Biocon, said, "We recruit close to 200 freshers every year. We conduct campus recruitment and also get a lot of responses to our advertisements on our website. Typically for the tier one colleges, we have a campus drive wherein senior management visits the campuses and personally handpicks students. We ideally prefer candidates with a life sciences background."
"Quintiles India recruits on an average of close to 80-100 freshers every year. We have been seeing a gradual increase in our intake of freshers over the last few years and are hopeful that this trend will continue. We rely entirely on campus recruitment for our intake of freshers and enjoy a great relationship with many of the leading educational institutes in our discipline which has helped us recruit good talent," adds Ms Trupti Talati, senior director, human resources, Quintiles.