Choices for Climbing the Career Ladder

An employee’s view of the job market is often colored by recent work experiences-whether positive or negative-and their most recent salary increase. Professionals working in biopharma drug development and manufacturing are concerned about the size of their paychecks, but other factors-including challenging work, job security, and company stability-may be more important when making career change decisions.

Insight provided by bio/pharma professionals from around the world responding to Pharmaceutical Technology’s annual employment survey (1) indicates strong confidence in the biopharma industry (66% expect business improvement in 2020) and some confidence in prospects for their employer (52% expect business improvement in 2020). More than half of the respondents, however, expressed interest in seeking better opportunities beyond their current position. (See the infographics  for an overview of survey results.)

Job insecurity, company restructuring, a lack of training, an unsatisfactory work/life balance, and uncertainty about the company’s performance or success were the top reasons for job dissatisfaction.

Similar to previous surveys (2–3), more than half of all respondents said they would like to leave their jobs, given the opportunity; however, 58% said they do not expect to leave in the coming year. A significant segment, 19%, said they would like to change careers and leave the bio/pharma industry.

Prime time for a job change?

Survey results indicate bio/pharma professionals are on the move. More than 44% of 2019 respondents-compared with one-third in 2018-said they stayed with the same employer, on average, for five or fewer years. Respondents working in large-molecule drug development and manufacturing stayed with the same employer longer than those in the small-molecule market segment.

More than one-quarter of the respondents said they voluntarily changed jobs in the past two years. The reasons cited-with multiple choices allowed-were to pursue a better career opportunity (72.7%), find more challenging work (40%), or to seek a better work-life balance (32.7%). Those working in the biologic drug segment valued company stability more than their counterparts in the small-molecule segment, who said job security was more important.

Salary was the fifth most-cited single reason for job change, trailing work/life balance, professional advancement, intellectual challenge, and job security. Nearly two-thirds of the respondents were confident they could find a job similar to their current position, should they choose-or were forced-to find new employment.
In the past two years, nearly one-quarter of the respondents said their company experienced a merger or acquisition, up from 18.1% in the previous survey; an additional one-quarter of the respondents reported that their companies had been through a downsizing or restructuring. Nearly 20% of the respondents said they left the company due to such an acquisition, downsizing, or restructuring.

Respondents suggest there is a positive market for job seekers; 36.8% of respondents said there are few qualified candidates for open scientific/technical positions (almost 40% for biologics positions), compared with 30.3% in 2018. A smaller percentage (28% in 2019 vs. 34.2% in 2018) said there were more qualified candidates than open positions. As in previous surveys, respondents expressed somewhat negative opinions about the knowledge and skill sets of new hires; 73% said the new hires were adequately trained but not exceptional; 18% said they were poorly trained.

Weighing the compensation factor

Salary ranked sixth on a list of 12 factors contributing to job satisfaction, up from ninth place in 2018. Compensation trailed factors such as challenging projects, intellectual stimulation, company’s potential for success, a good work/life balance, and supportive management as the “main reason I come to work.”

Satisfaction with compensation has trended downward during the past few years. More than 39% said they were paid fairly or excessively in 2019, compared with 41% in 2018 and 46% in 2017. In 2019, more than 40% of those surveyed said their pay was at the low end of the salary range for their expertise and responsibility; 17.6% said they were paid below market value.

The number of people reporting salary increases was stagnant from 2018 (54.1%) to 2019 (55.4%), following a drop from nearly 63% in 2017. The number of people reporting a decrease in salary ticked up from nearly 9% in 2018 to 11.4% in 2019.

More than one-quarter of respondents said they used their full allotment of vacation, personal, and sick time while 37% said they used less than half of the available time off.

Respondent profile

More than 220 bio/pharma professionals from around the world responded to the survey, which was fielded in November and December 2019. Respondents primarily were from innovator bio/pharmaceutical companies (31.3%), generic-drug manufacturing companies (13.3%), and contract research and manufacturing or consulting organizations (17.6%).

The respondents were involved in developing or manufacturing a range of drug types-with some listing multiple types-including small-molecule drugs (58.9%), large-molecule drugs (45.1%), vaccines (19.8%), cell therapies (17.8%), gene therapies (17.8%), and nutraceuticals (17.3%).

Respondents work at small and large companies and are responsible for R&D, process development, technology transfer, validation, quality control/assurance, formulation, manufacturing, and other functions. Nearly 40% of the respondents held a doctorate or higher degree; more than one-third held at least a Master’s degree.

Compared with previous years, the respondents had slightly less experience working in the bio/pharma industry; 26.9% had fewer than 10 years of experience, 25.6% had 10–20 years, 36.9% had 20–35 years of experience, and 12.1% have worked in the industry for more than 35 years.

Respondents working in the small-molecule drug arena worked more hours compared with peers in the biologic-drug segment. More than 37% reported working more hours than the previous two years, compared with 30.7% for the biologics workers.

References

1. Pharmaceutical Technology, 2019 Pharmaceutical Technology/BioPharm International Employment Survey, December 2019.
2. Pharmaceutical Technology, 2018 Pharmaceutical Technology/ Pharmaceutical Technology Europe Employment Survey, December 2018.  
3. BioPharm International, 2018 BioPharm International Employment Survey, December 2018.  

Article Details

Pharmaceutical Technology

Vol. 44, No. 1

January 2020

Pages: 24–27, 66

Citation

When referring to this article, please cite it as R. Peters, “Choices for Climbing the Career Ladder," Pharmaceutical Technology 44 (1) 2020.