The Medical Device Industry: During and After COVID-19

The COVID crisis has hit the world hard and fast with over 30 Million Americans filing for unemployment. The medical device industry did not have as significant an impact as the cruise line and hospitality industries, but in a recent survey, we found that 31% of jobs were impacted by this crisis. This is in an industry that many would have previously called “recession-proof”, but unfortunately it is not “pandemic proof”. Depending on where you’re personally finding yourself exiting this crisis, we have the ability to support you and all of your employment needs in a number of ways: 

• A company that is in a strong position

If you are working at a company that currently has the cash and revenue to hire, that should be a major priority. Due to COVID layoffs, we are in a market with the most exceptional candidate pool we have seen in 15 years. These individuals can not only make a huge impact on the market and for your company, but it will also help those individuals get back on their feet and back to work. Helping our clients find, hire, and retain top talent is our specialty! We promise recruiting done differently. We’re here to be your trusted talent partner.  

• A company that’s having to make hard decisions

To retain great people, you must continue treating them right during this crisis. According to our survey participants, 57% of them ranked their employers at a 7 or higher on a scale of 1 – 10, on how well they responded to the pandemic. We know how important it is to provide displaced employees with the same standard of care and respect on the way out as you did on the way in. To seamlessly handle this period of transition, we have created a FloodGate Futures Executive Outplacement program. You can learn more about how we can help you and your company here. 

• Displaced Employees

If you have recently found yourself looking for a new opportunity, we have the resources to help you through every step of the process. Whether you are in agreement with the 64% of our respondents that feel that opportunities are scarce or the 20% that haven’t been without a job in years, it’s hard with limited experience to know what to do and how to stand out from the crowd. This is why we created FloodGate Futures offering programs and education to ensure you can be the best candidate, find a new opportunity and get to a better future, faster. 

• Networked Medical Device executives

Finally, if you are a part of the industry that has retained your role through this crisis, that is great news. According to the survey, 72% of medical device industry members know someone who was not as lucky and lost their job in the last 60 days. You can help them and help yourself too, by downloading our new referral application, FloodGate Finder. This app allows you to quickly and easily share position information with your colleagues and friends with a text message. If they apply and get hired, you will earn a finder’s fee of $1,000. It is a simple way to help those who are looking by connecting them with exciting opportunities.

These are unprecedented times that have left a massive number of people without employment. We know that coming together, sharing industry insights, knowledge, and referrals will help everyone get back to work sooner than later.