2020 life sciences...areas of compensation, specifically for companies in the life sciences industry...

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2020 LIFE SCIENCES COMPENSATION SURVEY

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Page 1: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

2 0 2 0 L I F E S C I E N C E S C O M P E N S AT I O N S U R V E Y

Page 2: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

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M A K E S M A R T C O M P E N S AT I O N D E C I S I O N S B Y J O I N I N G T H E M E R C E R T O TA L C O M P E N S AT I O N S U R V E Y F O R T H E L I F E S C I E N C E S I N D U S T R Y

T H E L I F E S C I E N C E S C O M P E N S A T I O N S U R V E Y P R O V I D E S Y O U W I T H T H E M O S T C O M P R E H E N S I V E P E R S P E C T I V E O N T H E L I F E S C I E N C E S S E C T O R F O R O R G A N I Z A T I O N SO F A L L S I Z E S , F R O M J U N I O R T O I N T E G R A T E D M U L T I N A T I O N A L .

This survey covers a broad selection of hundreds of benchmark positions ranging from industry-specific job families such as pre-clinical and clinical development, medical regulatory affairs, medical field sales, market access and scientific patenting, to support functions such as finance and human resources. Our deep industry databases contain a broad range of life sciences organizations from sectors such as pharmaceutical, contract research and medical devices.

CONTAINS INFORMATION BASED ON MORE THAN

1.4 MILLION INCUMBENTS

SURVEYS DELIVERED ONLINE THROUGH

MERCER WIN®

80+ COUNTRIESWORLDWIDE

4,000ORGANIZATIONS

EXPERIMENTINGWITH YOUR COMPENSATION STRATEGY?

Find the right solution with

CONTAINS INFORMATION BASED ON MORE THAN

1.4 MILLION INCUMBENTS

SURVEYS DELIVERED ONLINE THROUGH

MERCER WIN®

80+ COUNTRIESWORLDWIDE

4,000ORGANIZATIONS

EXPERIMENTINGWITH YOUR COMPENSATION STRATEGY?

Find the right solution with

59,000 SURVEYED JOBS

www.imercer.com/life-sciences

Page 3: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

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The Mercer Life Sciences Compensation Survey (MLS) offer comprehensive market data across all areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world.

Wherever you have operations, you need reliable, up-to-date information on market pay rates and benefits prevalence to ensure that your reward packages remain cost-effective and competitive in the marketplace.

SUPERSECTOR SECTOR SUB-SECTOR

Life Sciences: Mercer defines thissupersector as consisting across ten sectors of pharmaceuticals,biotechnology, contract organizations, medical devices and equipment, and animal health companies

1. Pharmaceutical: Organizations that develop, produce, and market drugs or pharmaceuticals for use within the context of health care

Branded Pharma: Organizations that research and produce ethical (prescription) drugs for commercialization under patent

Generic Pharma: Organizations that develop and produce generic drugs that are not protected by patent

Medical Nutrition: Organizations that develop and produce dietary or nutritional products

2. Pharmaceutical Combination: Organizations that produce combinations of drugs or products not listed above

3. Pharmaceutical Other: Organizations that produce other types of drugs or products not listed above

4. Medical Devices and Equipment: Organizations that produce instruments, tools, and/or equipment for medical use

Capital Equipment Medical Devices: Organizations that produce high-value tools and machines used for clinical interventions, e.g. robot surgical systems, laser correction systems, MRI equipment, ICU monitoring systems

Consumable & Disposable Medical Devices Organizations that produce disposable medical equipment products, e.g. reagents, disposable surgical tools, towels, sponges, contact lenses

Durable Equipment Medical Devices: Organizations that produce non-consumable medical equipment with a medical or clinical application, e.g. pumps, hand-held devices, surgical tables, beds, defibrillators

Implantable Medical Devices: Organizations that produce devices that are implanted into the body, e.g. dental implants, orthopaedic implants, heart valves, pacemakers, corneal implants

Page 4: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

SUPERSECTOR SECTOR SUB-SECTOR

Life Sciences: Mercer defines thissupersector as consisting across ten sectors of pharmaceuticals,biotechnology, contract organizations, medical devices and equipment, and animal health companies

5. Medical Devices Combination: Organizations that produce combinations of medical equipment not listed above

6. Medical Devices Other: Organizations that produce other types of medical equipment not listed above

7. Biotechnology: Organizations that use the technological application of biological systems, living organisms, or their derivatives for production, design, or delivery of medically therapeutic products

8. Contract Organizations: Organizations that provide outsourcing services to support life sciences companies. This group also includes the research and development entities

Contract Manufacturing Organizations: Organizations that provide product manufacturing outsourcing services

Contract Research Organizations:Organizations that provide research and development and/or clinical research outsourcing services; also includes the research and development entities

Contract Distribution Organizations: Organizations that provide any combination of sourcing, marketing, sales, or any after-sales services

9. Animal Health: Organizations that develop and commercialize medicinal products intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease in animals

10. Life Sciences Combination: Organizations that produce combinations of medical equipment and/or drugs not listed above

y The MLS survey combines the data points from organizations across each of the sectors, thus enabling our clients to significantly increase their potential list of peers.

y The MLS surveys are globally synchronized so that job catalogues are consistent, whether you read a survey in Shanghai, Zurich, or Caracas.

y The MLS survey is designed to complement Mercer All Industries Total Remuneration Survey (TRS) offering.

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Page 5: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

D A T A C O L L E C T E D

TOTA L G U A R A N T E E D C A S H C O MP E N S AT I O N Base salary plus guaranteed allowances

TOTA L C A S H C O MP E N S AT I O N Total guaranteed cash compensation plus short-term incentive, sales incentive, profit sharing or other incentive awards

B A S E S A L A RY Monthly base salary times the number of months guaranteed

AN EXTENSIVE CATALOGUE OF LIFE SCIENCES SPECIALIZATIONS ARE SURVEYED, INCLUDING:

Data for a full range of general infrastructure/support functions are collected and published alongside that of the industry-specific functions.

W H AT D O YO U R E C E I V E ?

TOTA L D IR E C T C O MP E N S AT I O N Total cash compensation plus long-term incentive awards, valued using Black-Scholes methodology for appreciation-based awards

TOTA L C O MP E N S AT I O N Total direct compensation plus benefits and perquisites

O N L I N E A C C E S S Data delivered online through Mercer WIN®, accessible anywhere, at any time. Fully customize searches and statistics according to your individual needs, and receive instant comparisons of your organization’s data against the market.

S U R V E Y O V E R V I E W A general review of typical salary practices and compensation mix, employment trends, and other economic indicators related to human resource management decisions.

BENEFITS & PREVALENCE SUMMARY Information on short-term and long-term incentive provision and benefits practices, including company cars, pensions, and medical benefits.

ACTUAL MARKET DATA Detailed market analysis of individual positions within job families, helping you determine which positions and families are paid a premium in the market and which are paid below overall market levels.

MARKET REGRESSION Regression statistics and graphs by Mercer position class (IPE job level) and functional area (e.g., finance, human resources) for each of the major components of total Compensation.

CUSTOM ANALYSIS Custom statistics tailored to your needs, based on peer groups, revenue size, total employees, and more, using Mercer WIN®.

• ANIMAL CARE

• BIOPHARMACEUTICAL R&D

• CLINICAL EDUCATION

• CLINICAL RESEARCH

• CLINICAL TRIAL

• DISCOVERY BIOLOGY

• DISCOVERY CHEMISTRY

• ENGINEERING

• FIELD SALES ENGINEERING

• HEALTHCARE SOLUTIONS

• MANUFACTURING QUALITY

• MARKET ACCESS STRATEGY

• MEDICAL AFFAIRS

• MEDICAL INFORMATION

• MEDICAL REPRESENTATION

• MEDICAL SCIENTIFIC LIAISON

• MEDICAL WRITING

• NUTRITIONAL PRODUCT EDUCATION

• PATIENT EDUCATION

• PHARMACOKINETICS

• PHARMACOVIGILANCE

• PRODUCT MARKETING & MANAGEMENT

• REGULATORY AFFAIRS

• SALES

• SALES EFFECTIVENESS CONTROL/MEASUREMENT

• SCIENCE R&D ANALYTICS

• VETERINARY

• TRANSLATIONAL MEDICINE

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Page 6: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

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MERCER WIN HAS POWERFUL, FLEXIBLE FEATURES THAT ENABLE YOU TO:

• Access information readily and quickly via its easy-to-use, simple, and clear navigation functions.

• Retrieve and compare data within and across industries, regions, and countries simultaneously.

• Produce multi-market refinements in one view.

• Analyze and compare structure to market by job, family, career level, and position class.

• Generate customized charts, graphs, and reports at the click of a button.

The Mercer Workforce Intelligence Network® (Mercer WIN) is a single-point access to Mercer’s unparalleled survey data and analytics. With Mercer WIN, you can easily retrieve and synthesise vast amounts of data into usable packets of information relating to compensation and other HR issues. To make key decisions, you no longer need to sift through reams of information stored in dozens of locations and formats. Instead, you can access the data and tools you need from a single location.

MERCER WIN SCREENSHOTS

M E R C E R W I N ® www.imercer.com/win

Page 7: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

EVEN MORE RELEVANT DATAWith the aggregated roll-ups, relationships between jobs becomes clearer – with data that best reflects your jobs and labor markets. From deeply specialized industry roles to combinations of related jobs within the broader talent pool, analyze competitive compensation industry levels, across related industries, or across an entire labor market.

Learn more: www.imercer.com/mercerjoblibrary

MORE DATA , LESS GUESSWORKGetting the right market compensation data for comparison to your jobs is painless with more data and the job combinations for more choices to reflect changing labor markets. Mercer serves up relevant alternatives for your consideration – removing the guesswork!

ENHANCED JOB CONTENTComprehensive job descriptions, recognizable job codes, and better cross-market comparisons.

INTUITIVE RESULTS ANALYSISMercer WIN® enhancements make analysis more intuitive, including browser-like filters and helpful hints throughout.

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S A Y H E L L O T O M E R C E R J O B L I B R A R Y

Integration with the Mercer Job Library – a comprehensive job catalog for Mercer compensation and benefits surveys providing one global job catalog and job analysis approach. This cohesive job catalog provides more data with less guesswork, enhanced job content, intuitive results analysis, consistent data collection, and more!

Page 8: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

M E R C E R O F F E R S L I F E S C I E N C E S S U R V E Y A C R O S S T H E G L O B E

AMERICAS AND CARIBBEAN

` Argentina ` Brazil ` Canada** ` Chile ` Colombia ` Costa Rica

` Ecuador ` Guatemala ` Mexico ` Panama ` Peru ` United States***

` Algeria ` Bahrain ` Cameroon* ` Egypt ` Ethiopia* ` Ghana* ` Iran ` Iraq* ` Ivory Coast*

` Jordan ` Kenya* ` Kuwait ` Lebanon ` Libya* ` Morocco ` Nigeria* ` Oman ` Palestine*

` Qatar ` Saudi Arabia ` South Africa ` Syria* ` Tunisia ` UAE ` Yemen*

` Armenia* ` Australia ` Azerbaijan* ` China* ` Georgia* ` Hong Kong ` Indonesia

` India ` Japan ` Kazakhstan ` Malaysia ` New Zealand ` Pakistan ` Philippines

` Singapore ` South Korea ` Taiwan ` Thailand ` Uzbekistan ` Vietnam

` Austria ` Belarus ` Belgium ` Bulgaria ` Czech Republic ` Denmark ` Finland* ` France ` Germany ` Greece*

` Hungary ` Ireland ` Italy ` Moldova* ` Netherland ` Norway* ` Poland ` Portugal* ` Romania ` Russia

` Serbia ` Slovakia ` Spain ` Sweden ` Switzerland ` Turkey ` Ukraine ` United Kingdom

ASIA PACIFIC

EUROPE MIDDLE EAST / AFRICA

SURVEY SCAHEDULE AND PRICING

PRICE LIST AVAILABLE ON: www.imercer.com/MLS-Schedule

Mercer Life Sciences

Mercer SIRS (underpinned by separate survey methodology)

Mercer Life Sciences Supplement

*Life Sciences Supplement**MLS and SIRS surveys available***SIRS survey available

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Page 9: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

M E R C E R M L S G L O B A L M E M B E R S H I PJoin some of the world’s leading organizations and use Mercer as your source of consistent, reliable, global total remuneration information. Enhance the value of your Mercer MLS with a membership program that includes:

• Preferential pricing with multi-country membership.

• Personal and privileged communications with a dedicated membership relationship manager.

• Personalized implementation, project management, and training.

Choose access to the entire global database or a flexible package based on countries where you need total remuneration data. Consolidate the purchase of your international benchmarking data with a Mercer membership program to ensure the most cost-effective means of acquiring this information.

For details contact Mercer representative in your country

i

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Page 10: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

G L O B A L C O N T A C T S

A S I A Website: www.imercer.com/asia T: +65 6398 2323 E: [email protected]

A U S T R A L I A , N E W Z E A L A N D Website: www.imercer.com/australia T: +61 1800 645 186 E: [email protected]

C A N A D A Website: www.imercer.ca T: +1 800 333 3070 E: [email protected]

E U R O P E Website: www.imercer.com/europe T: +48 22 376 1732 E: [email protected]

M I D D L E E A S T / A F R I C A Website: www.imercer.com/mea T: +48 22 376 1732 E: [email protected]

L A T I N A M E R I C A Website: www.imercer.com/latinamerica E: [email protected]

U S A Website: www.imercer.com/us T: +1 800 333 3070 E: [email protected]

www.imercer.com/life-sciences

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Page 11: 2020 LIFE SCIENCES...areas of compensation, specifically for companies in the life sciences industry across over 80 countries in the world. Wherever you have operations, you need reliable,

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For further information, please contact your local Mercer office or visit our website at: www.imercer.com/life-sciences

Copyright 2020 Mercer LLC. All rights reserved