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Pharmaceutical & Medical Packaging News, July/August 2015

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13 July/August 2015 Pharmaceutical & Medical Packaging News • pmpnews.com Salary Survey Careful about the Pennies Salaries are healthy and job satisfaction is high for pharmaceutical and medical device packaging professionals, but respondents to our annual survey report increased workload and hiring constraints. By Daphne Allen Editor I n 2015 the U.S. economy has shown signs of recovery, and r e s p o n d e n t s t o P M P N e w s ' s 2015 Industry Outlook and Sal- ary Survey are reporting some gains. "Business is growing with new products and market share," writes one professional. "Business seems to be coming back and is on the rise," shares another. And "we continue to grow at a good rate," says yet another. Nonetheless, both packaging depart- ment managers and employees speak of lingering constraints. These may be explained by ongoing mergers and acquisitions as well as the now- entrenched tendencies for businesses to operate as leanly as possible. For instance, there's "more pres- sure to do more while spending less," reports one professional, who explains that his firm is "adapting to chang- ing customer needs for smaller, faster, cheaper options." "The economy has resulted in addi- tional work without additional head count," reports another. Some respondents report that sala- ries in the industry are being impacted. "As the economy recovers, the prices go up on everything and the salary stays the same," reports one. And there may be an impact to packaging departments and therefore organizations. One manager sees "no impact as an employee," but "from a hiring perspective, though, it's dif- ficult to hire packaging engineering staf right now. I attribute this to peo- ple being concerned with stability and don't want to move around." Reports another manager: "As the economy improves, the oppor- tunities for employees continue to expand. Maintaining employees under these conditions becomes a greater Average Annual Salary Average Raise $ $ $126,300 4.3% Respondents to PMP News's 2015 Salary Survey earn an average annual salary of $126,300 (based on the responses of 75 professionals providing useable responses to the question; rounded to the nearest hundred) and had received an average raise of 4.3% (based on the responses of 76 professionals providing useable responses to the question; rounded to the nearest tenth). There's "more pressure to do more while spending less," reports one survey respondent, whose frm is "adapting to changing customer needs for smaller, faster, cheaper options."

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