Key Takeaways
- In 2023, 72% of pharma companies reported challenges in attracting top talent for R&D roles.
- 65% of HR leaders in pharma prioritize skills-based hiring over traditional degrees.
- Average time-to-hire for pharma scientists increased to 45 days in 2022.
- 71% pharma average turnover rate was 12.5% in 2023.
- Voluntary turnover in pharma R&D at 15% annually.
- 45% of pharma employees cite career growth as retention factor.
- Women represent 47% of pharma workforce.
- Ethnic minorities: 22% in pharma leadership roles.
- 35% increase in DEI training hours since 2020 in pharma.
- Average pharma salary: $128,000 USD.
- Bonus as % of salary in pharma: 18%.
- 85% pharma offer health insurance coverage.
- 92% of pharma employees receive annual training hours: 40.
- Leadership development programs in 88% pharma firms.
- Digital upskilling budget up 30%.
Pharma HR is urgently adapting with AI and skills-based hiring to tackle significant talent shortages and turnover.
Compensation and Benefits
- Average pharma salary: $128,000 USD.
- Bonus as % of salary in pharma: 18%.
- 85% pharma offer health insurance coverage.
- Pension contribution average: 6% in pharma.
- Stock options granted to 72% executives.
- Paid parental leave: 16 weeks average.
- 401k match rate: 4.5% in US pharma.
- Wellness stipend: $1,200 annual average.
- Remote work allowance: $800/year for 60%.
- Overtime pay compliance: 95% pharma firms.
- Tuition reimbursement: up to $10,000/year.
- Equity grants to non-execs: 45% companies.
- Total rewards satisfaction: 78%.
- Annual raise average: 4.2%.
- Pharma benefits utilization: 78%.
- RSU vesting schedule: 4 years.
- Mental health days: 5/year average.
- 89% offer gym memberships.
- Long-term disability coverage: 94%.
- Pet insurance: 22% companies.
- Sabbatical policy: 11% eligibility.
- Childcare subsidy: $5,000 avg.
- Commuter benefits value: $2,400.
- 76% satisfaction with comp packages.
- Sign-on bonuses average $20k.
- EAP usage: 15% employees.
- Upskilling stipend: $2,500.
Compensation and Benefits Interpretation
Diversity and Inclusion
- Women represent 47% of pharma workforce.
- Ethnic minorities: 22% in pharma leadership roles.
- 35% increase in DEI training hours since 2020 in pharma.
- LGBTQ+ inclusion score in pharma: 68/100.
- 28% of pharma board seats held by women.
- Unconscious bias training reaches 82% employees.
- Supplier diversity spend in pharma: 15% of total.
- 41% pharma firms have DEI officer role.
- Neurodiversity hiring initiatives in 29% pharma cos.
- Veteran hiring targets met by 56% pharma.
- ERG participation: 65% of pharma employees.
- Gender pay gap in pharma: 12%.
- BAME representation up 10% in 3 years.
- Inclusive culture score: 74 in pharma.
- Disability inclusion: 5% workforce representation.
- Age diversity in pharma: 25% under 30.
- 18% C-suite diversity (non-white).
- DEI budget increase: 22%.
- Inclusive hiring practices: 71%.
- Women in STEM pharma roles: 39%.
- Pay equity audits: 84% annually.
- 27% increase in minority hires.
- Belonging index: 76.
- Cross-cultural training: 48%.
- 62% track DEI metrics.
- Intersectional DEI focus: 35%.
- Allyship programs: 51%.
Diversity and Inclusion Interpretation
Recruitment and Talent Acquisition
- In 2023, 72% of pharma companies reported challenges in attracting top talent for R&D roles.
- 65% of HR leaders in pharma prioritize skills-based hiring over traditional degrees.
- Average time-to-hire for pharma scientists increased to 45 days in 2022.
- 58% of pharma firms use AI in recruitment processes as of 2024.
- 40% shortage of qualified clinical trial specialists in pharma globally.
- 76% of pharma recruiters leverage LinkedIn for talent sourcing.
- Employer branding investment in pharma rose 25% YoY in 2023.
- 62% of pharma entry-level hires come from university partnerships.
- Campus hiring in pharma grew 18% in 2023.
- 55% of pharma companies offer relocation packages to attract talent.
- Gig economy workers in pharma recruitment up 30%.
- 68% use video interviews in pharma hiring.
- Diversity hiring goals met by 49% of pharma firms.
- Referral hiring accounts for 35% of pharma hires.
- ATS adoption in pharma HR at 92%.
- In 2023, pharma saw a 28% increase in AI specialist hires.
- 51% of pharma HR budgets allocated to recruitment tech.
- Passive candidate sourcing up 40%.
- 64% prioritize soft skills in pharma interviews.
- Global pharma talent pipeline shortage: 20%.
- Intern-to-hire conversion: 42%.
- 73% use employer value proposition in ads.
- Hiring manager satisfaction: 69%.
Recruitment and Talent Acquisition Interpretation
Retention and Turnover
- 71% pharma average turnover rate was 12.5% in 2023.
- Voluntary turnover in pharma R&D at 15% annually.
- 45% of pharma employees cite career growth as retention factor.
- Retention bonuses offered by 67% of pharma companies.
- Employee net promoter score (eNPS) in pharma averages 42.
- 52% of pharma firms implement stay interviews.
- Turnover cost per pharma employee: $50,000 average.
- Flexible work reduced turnover by 20% in pharma.
- 38% attrition among early-career pharma staff.
- Mentorship programs retain 25% more in pharma.
- Exit interview response rate in pharma: 60%.
- Hybrid model boosts retention by 18% in pharma.
- High-performer turnover in pharma: 8%.
- Wellness programs cut turnover 15%.
- Predictive analytics for turnover used by 55% pharma HR.
- 37% turnover reduction via onboarding.
- Burnout rate in pharma: 44%.
- Long-tenure employees (>10yrs): 32%.
- Recognition programs in 89% firms.
- Feedback frequency: quarterly in 56%.
- Regret leaving rate: 25% within year.
- Culture fit as retention driver: 53%.
- 19% involuntary turnover rate.
- Alumni rehiring: 14% of workforce.
- Work-life balance score: 7.2/10.
- 66% cite leadership as turnover cause.
Retention and Turnover Interpretation
Training and Development
- 92% of pharma employees receive annual training hours: 40.
- Leadership development programs in 88% pharma firms.
- Digital upskilling budget up 30%.
- 67% use LMS for employee training.
- Compliance training completion: 98%.
- Microlearning adoption: 54%.
- Career pathing tools used by 61%.
- External certification funding: 75%.
- Engagement from training: +22% productivity.
- Mentee-mentor ratio: 1:3 in pharma.
- VR training pilots in 23% companies.
- Skills gap addressed by 70% training.
- Employee engagement score: 73/100.
- Succession planning coverage: 82%.
- L&D ROI measured by 59% pharma HR.
- 68% gamification in training.
- Coaching sessions avg: 6/year.
- 81% annual performance reviews.
- Job rotation programs: 39%.
- AI ethics training: 100% compliance roles.
Training and Development Interpretation
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