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Products & Services Medical Affairs Field Medical Excellence

Rare Blood Disorders MSL Team Excellence: Benchmarking Recruitment, Retention, and Compensation Levels

ID: 5780


Features:

14 Info Graphics

8 Data Graphics

120+ Metrics

61 Narratives


Pages/Slides: 27


Published: 2023


Delivery Format: Online PDF Document


 

License Options:


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  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to review a complimentary excerpt from “Rare Blood Disorders MSL Team Excellence: Benchmarking Recruitment, Retention, and Compensation Levels”

STUDY OVERVIEW

As field medical teams within the realm of Rare Blood Disorders continue to witness increased attrition rates, it's imperative to attract top talent, retain experienced MSLs, and offer competitive compensation packages to keep the teams motivated and engaged.

Best Practices, LLC undertook benchmarking research to present valuable insights into managing field-based, hybrid, and virtual MSLs in Rare Blood Disorders therapeutic area. This study highlights best-in-class strategies to enhance MSL retention and design competitive compensation packages, ensuring that field medical teams remain a driving force in the Rare Blood Disorders therapeutic area.


KEY TOPICS

  • Effective Recruitment in Rare Blood Disorders Segment: Factors and Tactics
  • MSL Training Areas in Rare Blood Disorders Segment
  • MSL Salary Levels and Trends in Rare Blood Disorders Segment
  • Effective Perks and Retention Strategies in Rare Blood Disorders Therapeutic Area

KEY METRICS

  • MSL turnover rate in Rare Blood Disorders therapeutic area
  • How successful have each of the listed tactics been in effectively recruiting new Rare Blood Disorders MSLs over the past 6-12 months?
  • How valuable are each of the listed training types for building an effective Rare Blood Disorders MSL team in the current external environment?
  • What is the approximate average annual salary currently offered for new, mid-level, and senior MSLs at Rare Blood Disorders companies?
  • Rare Blood Disorders organizations’ approach to compensating field positions
  • Predicted Rare Blood Disorders MSL salary changes over the next 12-24 months
  • How effective are each of the listed perks in attracting new MSLs and retaining existing staff in Rare Blood Disorders segment?

SAMPLE KEY FINDINGS

  • Key recruitment factors: The top-rated recruitment factors for Rare Blood are: #1 a robust or stable pipeline, #2 compensation, and #3 strong career path and professional development opportunities. Companies emphasized the importance of being flexible and moving quickly to secure favored candidates. Several peers deemed LinkedIn a valuable recruitment tool.

METHODOLOGY

Best Practices, LLC engaged Field Medical and other Medical Affairs leaders from 17 top Rare Blood Disorders manufacturers in this research through a benchmark survey. Deep-dive interviews were also conducted with field medical leaders to capture additional insights.

Industries Profiled:
Pharmaceutical; Biopharmaceutical; Manufacturing; Biotech; Consumer Products; Diagnostic; Medical Device; Health Care


Companies Profiled:
Agios; Alexion Pharmaceuticals; Apellis Pharmaceuticals; Astellas; Bayer; BioMarin; Chiesi; CSL Behring; Fresenius Medical Care; Kyowa Kirin; Legend Biotech; Novartis; Novo Nordisk; Servier; Sobi; Takeda Pharmaceuticals; Vertex Pharmaceuticals

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.