Research

Life Science workplace insights

Workplace trends shaping the future of life sciences work and the medicines of tomorrow

How can life sciences companies deliver the life-saving medicines of tomorrow when competition for exceptional talent is also at an all- time high? How much will a high-quality workforce cost you when the workforce desires upscale locations in some of the world’s most expensive cities?

Such questions are inspiring some life sciences executives to seek out inventive new business solutions, many of them focused on the future of work. If you’re ahead of the curve, your organization already has begun to view the workplace as a weapon in the war for talent, and is using sophisticated location and leasing strategies.

Location and facilities are playing an increasingly critical role in the competition for scientific talent – but there are significant costs to getting it right. Healthcare expenditures are expected to rise to $8.7 trillion by 2020 from $7.0 trillion in 2015, according to Deloitte. All the while, ongoing regulatory hurdles, market pressures, and ever-rising rents and wages present an ever-shifting array of challenges.

Yet while workplaces of the future may require investment, all signs point to workplace investments paying off in talent and innovation. No wonder life sciences companies are seeking contemporary, amenities-rich facilities that will inspire new discoveries.

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