Quick Hits

W
ELCOME TO CONTRACT PHARMA’S TENTH ANNUAL
SALARY SURVEY! This year’s results are derived from Respondent Gender: 73% male, 27% female
475 respondents from our readership about employ-
Avg. 2008 base salary for men: $117,575.35 (-2.4%)
ment attitudes, responsibilities, education, and their 2008
salaries. In addition to the charts on the next seven pages, Avg. 2008 base salary for women: $89,393.63 (-10.6%)
you’ll find more information and results — including the
Avg. 2008 base salary for all respondents: $110,238.27 (-3.9%)
Wheel of Frustrations — online at www.contractpharma.com/
articles/2009/06/ Avg. 2008 bonus (all): $16,847.51 (-11.6%)
The winner of our Salary Survey 16gb iPod Touch drawing
Avg. 2008 stock option (all): $27,771.22 (+25.7%)
is Nelson Lugo of Amylin Pharmaceuticals! Have fun at the
Apps Store, Nelson! Avg. 2008 benefits (all): $19,622.05 (-4.4%)
Most frustrating aspect of job (all respondents):
Charts and graphics by
“Internal politics,” up slightly at 28%, followed by
Michael Del Purgatorio and Jessica Carlin —GYR
“Inadequate project funding/resources” at 19%.
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$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000

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Changes in Attitudes? A Thousand Cuts?

It looks like our respondents are relatively stable in
their work situations (or so they believe, at least).
In response to our question, “How likely are you to leave
your current company in the next two years?” 48%
answered “unlikely / very unlikely,” up from 41%
in 2008.
How secure are they in their present jobs? Glad you
asked! 45% answered “secure / very secure,” down
Of respondents who said they serve in a management
position, 29% said they have had to lay off staff in the
past year.
12% of all respondents said that their company stopped
matching 401(k) contributions and/or cut other retirement-
related benefits, while 8% reported that they had taken a
cut in their base pay in the past year.

from 49% in 2008.

The respondents who thought it was “likely / very
likely” that their companies would be acquired in the
next 12 months were flat at 16%. Given the number
of acquisitions that have gone by the boards in the
past 12 months, I’m starting to wonder if most of our
respondents work at the acquiring companies!
Just happy to be here! 33% of respondents said they
were “dissatisfied / very dissatisfied” in the belief that
their present compensation reflects their level of
responsibility. Last year, 39% of respondents felt this
way. . .
That said, 72% of all respondents reported that they
had received raises in the past year. For respondents who
reported that they did receive a pay raise in the past
year, the average size of their raise was 5.7% of their
base salary.
Of the 28% of respondents who did not receive raises
last year, 41% had to lay off staff last year. 23%
of them took pay cuts. The top three job categories
for the raiseless: Corporate Management (16%),
R&D (13%), and Business Development (12%).

CONTRACTING &
OUTSOURCING 2009
SAME TIME – SEPTEMBER 24-25, 2009
SAME PLACE — HYATT REGENCY NEW BRUNSWICK

SAME GREAT CONFERENCE & TABLETOP EXHIBITION!

Visit www.contractpharma.com/2009conference for more information!

To register as an attendee, visit www.regonline.com/cpa
To register as an exhibitor, visit www.regonline.com/cp09exhibitor
8 CONTRACT PHARMA • June 2009 www.contractpharma.com