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

Site Management Associate (All Levels)

Salary

Location

Poland, Warsaw

Department

Full Service - Development & Commercialisation Solutions

Location

Sofia

Warsaw

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Clinical Trial Support

Job Type

Permanent

Description

As a Site Management Associate at ICON you will be responsible for managing, implementing and monitoring clinical studies, with support, in a team setting within a global organization.Following an ini

Reference

JR117450

Expiry date

01/01/0001

Denitsa Krasteva Read more Shortlist Save this role
CTA

Salary

Location

Colombia, Bogota

Location

Bogota

Remote Working

Office Based

Business Area

ICON Full Service & Corporate Support

Job Categories

Clinical Trial Support

Job Type

Permanent

Description

We are currently seeking a Clinical Trial Administrator to join our diverse and dynamic team. As a Clinical Trial Administrator at ICON, you will play a pivotal role in assisting with the design and a

Reference

JR123346

Expiry date

01/01/0001

Jane Chelsea

Author

Jane Chelsea
Read more Shortlist Save this role
Senior Clinical Trial Assistant/Clinical Trial Assistant

Salary

Location

Bratislava

Department

Clinical Monitoring

Location

Bratislava

Business Area

ICON Strategic Solutions

Job Categories

Clinical Monitoring

Job Type

Permanent

Description

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

Reference

2024-114353

Expiry date

01/01/0001

Natalia Roth

Author

Natalia Roth
Read more Shortlist Save this role
Feasibility Manager

Salary

Location

Bulgaria, Sofia

Department

Study Start Up

Location

Sofia

Prague

Budapest

Dublin

Warsaw

Lisbon

Bucharest

Belgrade

Barcelona

Madrid

Reading

Remote Working

Hybrid: Office/Remote

Business Area

ICON Full Service & Corporate Support

Job Categories

Feasibility

Job Type

Permanent

Description

Global Feasibility ManagerLocation: EMEAAt ICON, it’s our people that set us apart.As a global provider of drug development solutions, our work is serious business. But that doesn’t mean you can’t hav

Reference

JR123557

Expiry date

01/01/0001

Salome Kankia

Author

Salome Kankia
Read more Shortlist Save this role
View all
List #1

Related stories

5 people sitting on seats waiting to be interviewed
Interview Tips: How to Answer Common Job Interview Questions

Teaser label

Career Progression

Content type

Blogs

Publish date

10/08/2024

Summary

Navigating the interview process can be daunting, but one key to success is mastering the art of answering common interview questions. Interviews often feature a set of standard questions that allow

Teaser label

Discover expert tips and sample answers to the most common interview questions.

Read more
Palms of 6 people's hands
Fostering Diversity: Building an Inclusive Workplace

Teaser label

Inclusion & Belonging

Content type

Blogs

Publish date

10/04/2024

Summary

Promoting diversity and inclusion in the workplace has become a critical priority for organisations across the globe. In today's rapidly evolving business landscape, fostering an inclusive work enviro

Teaser label

Discover strategies for fostering diversity and creating an inclusive workplace where all employees feel valued and empowered.

Read more
Professional development goals written on a notebook
Creating a Personal Development Plan for Career Advancement

Teaser label

Career Progression

Content type

Blogs

Publish date

10/02/2024

Summary

Personal development plans are powerful tools that can help individuals identify their career goals, assess their current skills and strengths, and create a roadmap for achieving their desired profess

Teaser label

Learn how to create an effective Personal Development Plan (PDP) to boost your career advancement.

Read more
View all
List #1

Recently viewed jobs

Browse popular job categories below or search all jobs above