Is Job Security Throwing You Off Balance? - Pharmaceutical Technology

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Is Job Security Throwing You Off Balance?
Results from Pharmaceutical Technology's Annual Employment Survey
Dec 2, 2008
By: Maribel Rios
Pharmaceutical Technology
 Volume 32, Issue 12, pp. 38-44
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Salary and benefits

Overall results. The mean base annual salary was $85,087 for all respondents, which is down from an average of $90,059 in 2007 and from the 2006 average of $88,729. Employees working in the US earned an average of $98,203. Overall, employees reported an average of $10,892 in additional income from their principal employer, including bonuses, summer work, and grants, and an average of $1808 in additional income from other professional work.


Figure 3: Annual salaries of men and women.
Salary according to gender only. There continues to be a $20,000 gap between men's and women's average salaries. Overall, women reported an annual base salary of $70,031 (women working in the US earned an average of $84,374). Male employees earned $91,306 in compensation overall, and men in the US earned $105,878 on average (see Figure 3).


Figure 4: Salary according to job function.
Salary according to job function. Jobs in drug metabolism, production management, technology transfer, engineering, pharmaceutical development, and computer information systems were the top-earning fields this year, with the first three each reporting an average of more than $100,000 (see Figure 4). Employees working in education, preformulation, and drug delivery reported the lowest average annual salaries.


Figure 5: Salary according to region.
Salary according to location. On average, employees in Northeastern and Southwestern states earned the highest salaries (see Figure 5). These regions also had the greatest number of respondents. Respondents from the Northwest reported the lowest average salaries, but also were the smallest group.


Table III: Percentage of respondents receiving the following employer-provided benefits.
Benefits. Table III lists the most common benefits granted. A majority of employees indicated receiving health and life insurance as well as pension benefits and reimbursement for training. These numbers are significantly lower than those from last year, perhaps because of the increased number of respondents who worked outside the US.


Figure 6: Mean annual base salaries since 1998.
On average, employees are granted 13 paid public holidays and 20 paid vacation days, although most took only 17 of these days for vacation and admitted to doing some work (e.g., checking email, returning calls) for at least 5 of these days (one more day than last year).

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About the Author

Maribel Rios

Senior Editor, Pharmaceutical Technology.

See Maribel Rios's bio page. Articles by Maribel Rios

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Source: Pharmaceutical Technology, 12/2/2008
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