Wednesday, August 19, 2020

Survey indicates pharma/biotech employees have mixed outlook on 2020 and 2021

Pandemic woes have workers fearing for their jobs across the U.S., but at least so far, the life sciences industry is largely immune. Pharma and biotech employees are feeling secure in their employment and salary prospects, according to a new study from EPM Scientific recruiting consultants. 
Fifty percent of those surveyed said they're confident or very confident they will keep their jobs over the next six months. That said, they recognize the economic downturn means a new position might not be easy to find: 41% said they're negative or very negative about the current job market. 
A similar dichotomy was repeated around compensation: 56% predicted a worsening economy over the next year, but 43% said their own compensation is likely to increase during the same timeframe.
I downloaded the survey and wasn't exactly bowled over with excitement about the robustness of the survey (140 people), but it feels vaguely reflective of what most people are feeling, I suspect... 

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