Salary and Demographic Profile
Skilled and talented people fuel the innovation and growth of Canada’s bio-economy. Each year, our industry welcomes hundreds of new college and university graduates in all areas of the industry, eager to enter the workforce. The cost of hiring new grads is often a challenge for companies in biotech. So much so, in our recent Labour Market Study, Sequencing the Data, a majority of biotech companies we surveyed across Canada stated their greatest business challenges as “access to capital,” followed closely by “access to talent.”
The Career Focus federal wage subsidy program addresses both these challenges directly. Funded by the federal government’s Youth Employment Strategy, it opens the door for new graduates to their first biotech job and at the same time, helps firms in the industry offset the cost of on-boarding.
Wage subsidy programs like Career Focus are critical for the growth and development of Canada’s bio-economy.
Opening the Door is a compilation of the salary and demographic profiles of new graduates in Canada’s biotechnology sector. It gives a snapshot of hiring trends regionally and nationally, and can serve as a guide for students who plan to enter the biotech job force, and for employers to use to ensure their recruitment and compensation programs remain current and competitive.
Special thanks to our report’s partners
Norma K. Biln, Chief Executive Officer, Augurex Life Sciences Corp.