News from Europe's pharmaceutical manufacturing industry coupled with upcoming events, and exclusive articles and interviews from industry experts. WEEKLY
If you didn't lose your job, 2010 was a good year. Overall salaries increased 8.9% to $102,468. Men earned more than women:
$103,787.55 for men versus an average of $100,469.01 for women. The average industry salary in the US was the highest—$ 113,343,
followed by $81,076 in Canada; $74,049 in Western Europe; and $58,833 in India. A full 100% of Indian workers report receiving
salary increases this year, followed by 69.2% in Canada, and 65.4% in the US. Least likely to have received a raise this past
year were Western Europeans, with only 49.3% reporting salary increases. Canadians were most likely to receive salary cuts—with
7.7% of Canadian respondents reporting decreases, followed by 7.4% of US respondents, and 5.85% of Western Europeans.
Figure 7: Job selection factors-most important (multiple responses allowed).
In general, people working in the pharmaceutical industry feel gratified and valued by their employers—64.6% of all respondents
said their employers fully valued their work. Employees of generic-drug manufacturing firms feel most valued, 68.9% reported
feeling valued, followed by 67.1% of workers in traditional bio/pharmaceutical companies who feel that way. Least valued are
workers for contract manufacturers and service providers, where 58.4% feel valued. On average men feel slightly more valued
than do women, as 65.2% of men, and 62.4% of women reported feeling their work was valued.
Figure 8: Effect of economy on job (multiple responses allowed).
The feeling may not be entirely mutual, however. Over half—58.5% of respondents from contract manufacturer and service providers—say
they would leave their jobs if they could. Almost the same number (58.3%) from biotech companies say they'd leave their companies
if they could. Employees at traditional bioo/pharmaceutical companies are least likely to look for new jobs, since only 41.2%
say they'd switch jobs if they could.
