JUMP TO CONTENT

Salary: Let’s talk about it.

Posting date: 21/12/2022
Jamie Kempski our consultant managing the role

Salary expectations used to be something discussed after an interview process but now it’s something most recruiters typically ask within the first conversation. This is to ascertain if the remuneration offered for the role aligns with your expectations and to be respectful of your time.

How is salary determined?

Salary is typically determined by the value of the role, not the cost of living. Most companies will use a range determined for each role according to market value and your salary will fall in that range depending on your experience level. So why does this matter? Well, we have been in a muddy market since the global pandemic hit and things have been operating a little differently. You might have heard phrases like “The Great Resignation” and now, industry experts are saying we are moving into “The Great Rehire.” 

What is the standard increase in salary when moving jobs?

An article I read by Lever sums up the Great Rehire as “ the mass hiring of talent that will take place in 2022 and beyond.” The result of this has been a significant increase in companies having to pay premium wages to combat the shortage of experienced workers. According to The Conference Board, ”nearly a third (29%) of workers who left their jobs during the pandemic are making over 30% more in their new roles.” Generally, a standard increase for job moves normally averages between 10-15%, so you can see how some companies are digging deep into their pockets to try and fix their staffing problems.

Is it worth moving jobs just for more money?

The problem with this approach is that it’s not sustainable, and we’re starting to see that now. I have personally seen an influx of candidates that made a move during the pandemic and despite their larger paychecks, are now finding their stability is threatened. Layoffs, wage freezes, and acquisitions; these are some of the triggers for reopening these job hunts. The employment market, much like the housing market, will correct itself and these inflated salaries should start coming back to standard market value.

What to consider when moving jobs

As we embark into 2023, many of you reading this will join a large number of passive job seekers and cast that net to see if there’s anything better out there. Before you do, a few things to consider:

1. Money isn’t all that matters. 

We are in an unpredictable market so don’t exclude yourself from good opportunities by inflating your salary requirements when a recruiter asks, “what are your salary expectations?”.

2. Job stability counts. 

Having a consistent paycheck that pays the bills, especially under uncertain economic conditions, instead of living in a state of anxiety that each paycheck may be your last.

3. Work/Life Balance. 

Flexible working options & paid time off are also super important. If you make more money, but end up working twice as much, are you really making more money?

If your interest does get peaked by a recruiter, do your research and make sure to consider everything about the job, not just the financial aspect.

If you are considering moving jobs…

We’re hiring, and it’s never been a better time to join a world-leading Clinical Research Organisation. Browse available jobs at ICON today, or join our talent community so you never miss an opportunity.

List #1

Related jobs at ICON

Senior Site Activation Lead

Salary

Location

Mexico, Mexico City

Location

Mexico City

Sofia

Warsaw

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Site Activation

Job Type

Permanent

Description

At ICON, it’s our people that set us apart. Our diverse teams enable us to become a better partner to our customers and help us to fulfil our mission to advance and improve patients’ lives. Our ‘Own

Reference

JR126783

Expiry date

01/01/0001

Olivia Molina

Author

Olivia Molina
Read more Shortlist Save this role
Clinical Research Associate II

Salary

Location

Bucharest

Department

Clinical Monitoring

Location

Bucharest

Remote Working

Remote

Business Area

ICON Strategic Solutions

Job Categories

Clinical Monitoring

Job Type

Permanent

Description

As a sponsor dedicated Clinical Research Associate you will be joining the world’s largest & most comprehensive clinical research organisation, powered by healthcare intelligence.

Reference

2024-114909

Expiry date

01/01/0001

Dariusz Sternlicht Read more Shortlist Save this role
Manager, Site Activation

Salary

Location

US, Blue Bell (ICON)

Location

Buenos Aires

Brentwood

Copenhagen

Helsinki

Paris

Frankfurt

Amsterdam

Melbourne

Raleigh

Vienna

Burlington

Mechelen

Lund

Blue Bell

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Site Activation

Job Type

Permanent

Description

At ICON, it’s our people that set us apart. Our diverse teams enable us to become a better partner to our customers and help us to fulfil our mission to advance and improve patients’ lives. Our ‘Own I

Reference

JR124763

Expiry date

01/01/0001

Kris Costello

Author

Kris Costello
Read more Shortlist Save this role
Safety Scientist

Salary

Location

Poland, Warsaw

Location

Sofia

Warsaw

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Safety Scientist

Job Type

Permanent

Description

ICON plc is a world-leading healthcare intelligence and clinical research organization. We’re proud to foster an inclusive environment driving innovation and excellence, and we welcome you to join us

Reference

JR126717

Expiry date

01/01/0001

Rikky Pethers

Author

Rikky Pethers
Read more Shortlist Save this role
View all
List #1

Related stories

Medics in a room talking
Communication Strategies for Sites and Sponsors

Teaser label

Industry

Content type

Blogs

Publish date

12/16/2024

Summary

Effective Communication with Sites and Sponsors in Clinical Research Clear and effective communication is the cornerstone of successful clinical research. It fosters collaboration, ensures complia

Teaser label

Discover effective communication strategies for clinical research sites and sponsors.

Read more
Person writing with a pen on a clipboard
What Is Medical Writing? A Comprehensive Guide for Beginners

Teaser label

Industry

Content type

Blogs

Publish date

12/16/2024

Summary

Medical Writing - A Comprehensive Guide for Beginners Medical writing is a specialized field that bridges science and communication. It plays a critical role in the healthcare, pharmaceutical, and

Teaser label

Explore the world of medical writing in this comprehensive guide.

Read more
Image of phone, laptop, and monitor
Comprehensive Guide to Electronic Data Capture (EDC) Systems

Teaser label

Industry

Content type

Blogs

Publish date

12/11/2024

Summary

Electronic Data Capture (EDC) Systems In the rapidly evolving landscape of clinical research, Electronic Data Capture (EDC) systems have emerged as indispensable tools, transforming the way clinica

Teaser label

Discover how Electronic Data Capture (EDC) systems are revolutionising clinical trials.

Read more
View all
List #1

Recently viewed jobs

Browse popular job categories below or search all jobs above