How does company size affect life science salaries?
Smaller employers try to match the salaries offered by larger organisations. It can be a struggle for these smaller firms to match the benefits offered by more established enterprise organisations.
However, candidates must consider all aspects of the role and their career aspirations beyond the initial remuneration package. Many smaller employers allow for a far wider array of responsibilities in a role. This breadth of experience can greatly benefit individual learning and one’s career in the long term.
How do years of experience affect life science salaries?
As a general rule of thumb, the more years of experience an employee has, the higher their salary will be. In many life science roles, candidates can expect a minimum increase of €5,000 per annum for every additional year of experience.
How does higher education or other learning and development affect life science salaries?
Upskilling positively impacts the earning potential of any employee since it equips them with more skills, required to take on more responsibilities at work. Candidates with a master's degree receive better starting salary offers, usually between €2,000 and €3,000 more per annum.
What are the expected salary growth levels in life sciences?
As the life science industry in Ireland continues to expand, so do salaries in the field. As such, the general rate that SMBs are increasing their employees’ wages by €1,000 to €2,000 per annum. While employees at enterprise organisations can expect annual salary growth of approximately €5,000.
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