The background:
Global Regulatory Talent Solutions for Medical Devices.
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A large medical device manufacturer faced challenges in accessing regulatory affairs specialists across Europe, the Middle East, Russia, and Africa due to legislative changes in the marketplace. Legislative changes in the medical device market necessitated urgent support from regulatory affairs experts across multiple regions. The client sought assistance from Vita Global Sciences to connect with global regulatory talent at a competitive price.
The solution:
VGS’s FSP Solution.
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VGS provided a dedicated Functional Service Provider (FSP) solution to swiftly address the client’s regulatory affairs talent needs in a compliant manner. The solution included:
- Comprehensive FSP Solution: Handling all talent management aspects such as recruitment, training, and mentoring for regulatory affairs specialists to ensure compliance and retention.
- Access to Niche Talent: Leveraging exceptional access to niche candidate markets, VGS delivered 25 skilled professionals within three months, expanding to over 60 across 19 countries.
- Improved Retention Rates: Support and mentoring led to enhanced client retention rates, securing longevity of recruited talent.
- Cost Savings: Reduced turnover and better budget control showcased the financial benefits of the FSP model in managing regulatory affairs talent efficiently.
The value:
Success Through VGS FSP Partnership Achievements.
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By partnering with VGS and leveraging its FSP model, the client achieved significant outcomes:
- Timely Access to Talent: Despite evolving legislative changes in the life science landscape, VGS provided timely access to regulatory affairs specialists, enabling the client to address regulatory challenges efficiently.
- Enhanced Budget Control: The FSP model facilitated improved budget control for the client, with a 14% cost savings achieved through reduced turnover and streamlined talent management processes.
- Improved Compliance and Retention: Through comprehensive training and mentoring, the FSP solution ensured compliance with regulatory standards and enhanced employee retention rates, fostering a stable and skilled workforce.
Conclusion: VGS’s dedicated FSP solution enabled the client to overcome challenges in accessing scarce regulatory affairs talent, providing timely access to highly skilled professionals across multiple regions. By delivering comprehensive support, mentoring, and cost-effective solutions, VGS demonstrated the value of its FSP model in meeting the unique talent needs of life-changing organizations in a rapidly evolving regulatory landscape.
