JUMP TO CONTENT

Salary: Let’s talk about it.

Posting date: 21/12/2022
Author: Jamie Kempski

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

CRA II

Salary

Location

Korea, South

Department

Clinical Monitoring

Location

South Korea

Seoul

Remote Working

Remote

Business Area

ICON Strategic Solutions

Job Categories

Clinical Monitoring

Job Type

Permanent

Description

CRA I or II, Home-Based, South Korea As a (CRA  I or II) you will be joining the world’s largest & most comprehensive clinical research organisation, powered by healthcare intelligence. Within this pr

Reference

2025-119671

Expiry date

01/01/0001

Sonia Oh

Author

Sonia Oh
Sonia Oh

Author

Sonia Oh
Read more Shortlist Save this role
CRA II

Salary

Location

Korea, South

Department

Clinical Monitoring

Location

South Korea

Seoul

Remote Working

Remote

Business Area

ICON Strategic Solutions

Job Categories

Clinical Monitoring

Job Type

Permanent

Description

CRA I or II, Home-Based, South Korea As a (CRA  I or II) you will be joining the world’s largest & most comprehensive clinical research organisation, powered by healthcare intelligence. Within this pr

Reference

2025-119670

Expiry date

01/01/0001

Sonia Oh

Author

Sonia Oh
Sonia Oh

Author

Sonia Oh
Read more Shortlist Save this role
Project Manager - Language Services

Salary

Location

Chile, Santiago

Department

Full Service - Development & Commercialisation Solutions

Location

Sao Paulo

Santiago

Bogota

Mexico City

Lima

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Project/ Program Management

Job Type

Permanent

Description

As a Project Manager in ICON’s Language Services department, you will be responsible for the successful execution of end-to-end translation and localization projects across a wide range of content typ

Reference

JR125367

Expiry date

01/01/0001

Florencia  Borello Taiana Read more Shortlist Save this role
CRA II/Senior CRA

Salary

Location

Czech Republic, Prague

Department

Clinical Monitoring

Location

Prague

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Clinical Monitoring

Job Type

Permanent

Description

We are currently seeking a Clinical Research Associate II Specialist to join our diverse and dynamic team. As a Clinical Research Associate II Specialist at ICON, you will play a pivotal role in desig

Reference

JR130987

Expiry date

01/01/0001

Tereza Svobodova Read more Shortlist Save this role
View all
List #1

Related stories

Silver ribbon
Recognising World Schizophrenia Day through Research and Compassion

Teaser label

Industry

Content type

Blogs

Publish date

05/22/2025

Summary

World Schizophrenia Awareness Day 2025 Every year on 24 May, World Schizophrenia Awareness Day offers a vital opportunity to raise awareness, dismantle stigma, and celebrate the strength of individ

Teaser label

Explore how ICON is advancing schizophrenia research and addressing stigma through clinical innovation.

Read more
Ovarian cancer knot being held in woman's hands
Standing Strong on Ovarian Cancer Day

Teaser label

Inside ICON

Content type

Blogs

Publish date

05/08/2025

Summary

Standing Strong on Ovarian Cancer Day:    ICON's Commitment to Advancing Care Ovarian cancer remains one of the most challenging gynaecologic malignancies, both in terms of detection and treatmen

Teaser label

Martin Lachs, VP, Oncology Project Management at ICON discusses ICON’s role in advancing ovarian cancer research.

Read more
Nurse and patient
Patient Centricity in Clinical Research

Teaser label

Industry

Content type

Blogs

Publish date

05/07/2025

Summary

Patient Centricity in Clinical Research: What it is and Why it Matters In the past, clinical research was designed around the needs of sponsors, researchers, and regulatory bodies. Patients were of

Teaser label

Discover how patient centricity is reshaping clinical research by placing participants at the heart of study design and execution.

Read more
View all
List #1

Recently viewed jobs

View Jobs

Browse popular job categories below or search all jobs above