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Odyssey Recruitment Medical Professionals Salary Survey Presentation 2016

An online survey of 373 medical professionals was conducted between April 18-29, 2016 to understand salaries, benefits, job satisfaction, and future career intentions. Key findings included: - Less than 40% were satisfied with their total remuneration package. - Almost half anticipated a 12% pay rise would motivate them to stay in their current role, while a 31% increase would motivate them to change roles. - Over 80% were actively looking or considering changing jobs in the next 12 months, with almost three-quarters open to relocating internationally.

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Odyssey Recruitment
Medical Professionals Salary Survey
May 2016
Approach & Methodology
 An online survey was developed by Odyssey Recruitment to better understand the
global medical employment marketplace
 The survey covered a number of key areas including salaries, benefits, moving job roles,
job security and recruitment challenges
 The survey was distributed via email to respondents in the medical profession -
fieldwork took place between 18th – 29th April 2016
 A total of 373 respondents completed the survey
 Survey design, fieldwork, analysis & reporting was handled by Robust Insight Ltd, a third
party market research agency
 The following report details the aggregated results from the survey
 Sub group analysis has also been conducted using gender, age, time in medicine,
country of work (top 5) and medical speciality (top 5)
2
Executive Summary
 Less than four out of ten medical professionals surveyed were satisfied with their total
remuneration package
 Almost half had received a pay increase in the last 12 months, whilst one in ten had
received a pay cut
 Almost half anticipated a pay increase in the next 12 months - on average a 12% pay rise
was considered acceptable to stay in the same role and a 31% pay increase would be
enough motivation to move job roles
 Over a quarter received a bonus in the last year - the average bonus was 26% of basic pay
 Medical professionals were most likely to have found their current position through a
direct approach from the organisation or a personal contact
 Salary and location were the two main reasons why medical professionals left their last job
 Over eight out of ten were actively looking or were considering a new role in the next 12
months - almost three quarters of these would consider relocating internationally
 They were most likely to use a recruitment company, personal contacts or networking to
look for a new role
 The most important benefits for medical professionals were 25 days paid annual leave,
medical cover and malpractice insurance
− Although salary / income was the most important factor in accepting a job offer
 Poor financial remuneration and poor management were seen as the two biggest
recruitment challenges for hospitals and clinics
3
Respondent Demographics
4
88%
12%
42% 36%22%
Gender Age
21-39 40-49 50+
Time in Medicine
25%
11-16 yrs
17%
10 yrs or less
58%
Over 16 yrs
Country (Top 5)
14%
13%
13%
12%
5%
Consultant
73%
Job Title (Top 3)
GP
6%
Director
9%
Medical Speciality (Top 3)
15%
General Surgery /
Family Medicine
Intensive Care
7% 7%
Paediatrics
Please see Appendix for full
demographic breakdown
Employment Status & Working Hours
 Most medical professionals were employed on a full time basis (95%) and received
some form of salary (87%)
 Females were significantly more likely than males to work part time hours (9% vs. 2%)
 Medical professionals in the USA (22%) were significantly more likely than those
working in UAE (4%) or KSA (0%) to be employed on a fee for service contract
52%
20%
14%
13%
Salary
Salary with benefits package
Salary with incentive scheme
Fee for Service
How are you employed?
95%
3%
2%
Full time (30 hours per week or
more)
Part time (less than 30 hours
per week)
Flexible locum
What are your typical working hours?
5Sample size n=373
Annual Salary
Basic annual salary & total annual salary including bonus
6
Top 5 currencies Sample size
Basic Annual Salary Annual salary including bonus
Mean Median Mean Median
EUR 66 € 169,198 € 77,500 € 138,636 € 92,500
USD 57 $300,619 $300,000 $320,513 $334,000
GBP 52 £90,624 £85,000 £106,234 £99,000
AED 51 AED 619,108 AED 400,000 AED 702,079 AED 650,000
SAR 50 SAR 522,141 SAR 360,000 SAR 525,800 SAR 500,000
NB: Due to small sample size (n=<20) other currencies could not be analysed

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Odyssey Recruitment Medical Professionals Salary Survey Presentation 2016

  • 2. Approach & Methodology  An online survey was developed by Odyssey Recruitment to better understand the global medical employment marketplace  The survey covered a number of key areas including salaries, benefits, moving job roles, job security and recruitment challenges  The survey was distributed via email to respondents in the medical profession - fieldwork took place between 18th – 29th April 2016  A total of 373 respondents completed the survey  Survey design, fieldwork, analysis & reporting was handled by Robust Insight Ltd, a third party market research agency  The following report details the aggregated results from the survey  Sub group analysis has also been conducted using gender, age, time in medicine, country of work (top 5) and medical speciality (top 5) 2
  • 3. Executive Summary  Less than four out of ten medical professionals surveyed were satisfied with their total remuneration package  Almost half had received a pay increase in the last 12 months, whilst one in ten had received a pay cut  Almost half anticipated a pay increase in the next 12 months - on average a 12% pay rise was considered acceptable to stay in the same role and a 31% pay increase would be enough motivation to move job roles  Over a quarter received a bonus in the last year - the average bonus was 26% of basic pay  Medical professionals were most likely to have found their current position through a direct approach from the organisation or a personal contact  Salary and location were the two main reasons why medical professionals left their last job  Over eight out of ten were actively looking or were considering a new role in the next 12 months - almost three quarters of these would consider relocating internationally  They were most likely to use a recruitment company, personal contacts or networking to look for a new role  The most important benefits for medical professionals were 25 days paid annual leave, medical cover and malpractice insurance − Although salary / income was the most important factor in accepting a job offer  Poor financial remuneration and poor management were seen as the two biggest recruitment challenges for hospitals and clinics 3
  • 4. Respondent Demographics 4 88% 12% 42% 36%22% Gender Age 21-39 40-49 50+ Time in Medicine 25% 11-16 yrs 17% 10 yrs or less 58% Over 16 yrs Country (Top 5) 14% 13% 13% 12% 5% Consultant 73% Job Title (Top 3) GP 6% Director 9% Medical Speciality (Top 3) 15% General Surgery / Family Medicine Intensive Care 7% 7% Paediatrics Please see Appendix for full demographic breakdown
  • 5. Employment Status & Working Hours  Most medical professionals were employed on a full time basis (95%) and received some form of salary (87%)  Females were significantly more likely than males to work part time hours (9% vs. 2%)  Medical professionals in the USA (22%) were significantly more likely than those working in UAE (4%) or KSA (0%) to be employed on a fee for service contract 52% 20% 14% 13% Salary Salary with benefits package Salary with incentive scheme Fee for Service How are you employed? 95% 3% 2% Full time (30 hours per week or more) Part time (less than 30 hours per week) Flexible locum What are your typical working hours? 5Sample size n=373
  • 6. Annual Salary Basic annual salary & total annual salary including bonus 6 Top 5 currencies Sample size Basic Annual Salary Annual salary including bonus Mean Median Mean Median EUR 66 € 169,198 € 77,500 € 138,636 € 92,500 USD 57 $300,619 $300,000 $320,513 $334,000 GBP 52 £90,624 £85,000 £106,234 £99,000 AED 51 AED 619,108 AED 400,000 AED 702,079 AED 650,000 SAR 50 SAR 522,141 SAR 360,000 SAR 525,800 SAR 500,000 NB: Due to small sample size (n=<20) other currencies could not be analysed
  • 7. Benefits  Medical professionals were most likely to receive medical cover (47%) and malpractice insurance (38%) as benefits  Over a quarter (27%) received no benefits  Those who had worked in the profession for more than 16 years were significantly more likely than those who had worked in the profession for 10 years or less to receive accommodation (36% vs. 21%) and flights (36% vs. 25%) 7 47% 38% 32% 32% 31% 27% 17% 10% 8% 27% Medical cover Malpractice insurance Accommodation Flights Education allowance Transport allowance Relocation allowance Utility allowance Other I do not receive any benefits Do you receive any of the following benefits? Sample size n=373
  • 8. Satisfaction with Pay Increase  Almost half had received a pay increase in the last 12 months  Those aged 21-39 were significantly more likely than those aged 40 or older to have received a pay increase (59% vs. 43%) 8 47% 53% Did you receive a pay increase in the last 12 months? Yes No 13% 17% 30% 29% 11% How satisfied were you with your pay increase? Very dissatisfied Fairly dissatisfied Neither Fairly satisfied Very satisfied  Four out of 10 were fairly or very satisfied with their pay increase  Those aged 21-39 were significantly more likely than those aged 40 or older to be satisfied (53% vs. 35%) Sample size n=373 Sample size n=174
  • 9. Pays Cuts and Increases  Only 1 out of 10 had received a pay cut in the last 12 months – those working in the UK were the most likely to have received a pay cut (14%)  Almost half anticipated a pay increase in the next 12 months – those working in the USA were the most likely to anticipate a pay increase (60%) 9 47% 53% Do you anticipate a pay increase in the next 12 months? Yes No 10% 90% Have you experienced a pay cut in the last 12 months? Yes No Sample size n=373
  • 10. Acceptable Pay Rise  On average respondents felt a 12% pay rise would be acceptable  Females demanded significantly higher pay rises than males (16% vs. 11%) 10 5% 29% 27% 16% 8% 3% 2% 9% Less than 3% 3-5% 6-10% 11-15% 16-20% 21-25% 26-30% Above 30% What percentage of your annual basic salary would you consider acceptable as a pay rise? 12% Average acceptable pay increase Sample size n=373 Average based on midpoints
  • 11. Acceptable Pay Increase To Move 11 1% 2% 7% 11% 20% 13% 6% 15% 25% Less than 3% 3-5% 6-10% 11-15% 16-20% 21-25% 26-30% 31-50% Above 50% If you were considering changing your job, what would be an acceptable pay increase to motivate you to move? 31% Average acceptable pay increase to move  On average respondents felt a 31% pay increase would be acceptable motivation to move job roles  UK-based medical professionals demanded the largest average pay increase to move (40% compared to 22% in USA) Sample size n=373 Average based on midpoints
  • 12. Bonus  Over a quarter received a bonus in the last year  Those working in the USA were the most likely to have received a bonus (62% vs. 4% in the UK)  The average bonus was 26% of basic pay  Seven out of 10 of those who had received a bonus said it had remained the same as last year 12 27% 73% Did you receive a bonus this year? Yes No 10% 71% 19% How did that differ from last year’s bonus? Increased Remained the same Decreased 28% 24% 18% 11% 4% 7% 7% Less than 10% 10-19% 20-29% 30-39% 40-49% 50-59% 60% or more What percentage of basic pay was the bonus? Sample size n=373 Sample size n=99 Sample size n=99 Average based on midpoints
  • 13. Satisfaction with remuneration package  Less than 4 out of 10 medical professionals (38%) were satisfied with their total remuneration package  A further quarter were neither satisfied nor dissatisfied (25%) and 37% were dissatisfied 13 13% 24% 25% 30% 8% How satisfied are you with your total remuneration package? Very dissatisfied Fairly dissatisfied Neither Fairly satisfied Very satisfied MOST LIKELY GROUPS TO BE SATISFIED - USA 62% - Intensive Care 56% - Aged 21-39 46% - Males 39% LEAST LIKELY GROUPS TO BE SATISFIED - Aged 50 or older 33% - Females 30% - UK 22% - General Surgery 20% Sample size n=373
  • 14. Current Medical Position  Over half (55%) had been in their current job role for less than 5 years  It took an average of 7 months for medical professionals to find their current position 14 11% 21% 23% 13% 9% 4% 19% Less than a year 1-2 years 3-4 years 5-6 years 7-8 years 9-10 years Over 10 years How long have you been in your current role? 24% 28% 20% 10% 8% 11% Up to 1 month 1-3 months 4-6 months 7-12 months 1-2 years Over 2 years How long did it take to find your current position? Sample size n=373 Average based on midpoints
  • 15. Finding Current Position  Over a third of medical professionals were approached directly for their current position (36%) and a quarter used a personal contact (24%)  Less than 1 out of 20 found their current position through LinkedIn or other social media websites (4%)  UK medical professionals were the most likely to have found their current position through online advertising (46% compared to 7% in USA) 15 36% 24% 16% 15% 10% 8% 7% 6% 3% 1% 3% 2% Direct approach Personal contact Recruitment agency Advertising online Networking Headhunting Internal promotion Advertising print media LinkedIn Social media other than LinkedIn Other Don't know / can't remember How did you find your current position? Sample size n=373
  • 16. Reasons for Leaving Last Job  Salary (31%) and location (26%) were the two main reasons why medical professionals left their last job  A further quarter left for personal reasons (24%) and 18% sought better benefits  Those aged 21-39 were significantly more likely than those aged 50 or older to leave due to lack of training opportunities (29% vs. 4%), stress of the job (16 vs. 6%) or culture (16% vs. 5%) 16 31% 26% 24% 18% 14% 12% 11% 11% 8% 8% 8% 5% 3% 2% 6% 3% Better salary Location Personal reasons Better benefits Career change Training opportunity Promotion Stressful job Contract expired Move to private practice Cultural Fit Better bonus Move to fee for service Redundancy Other Don't know / can't remember What were the main reasons you left your last job? Sample size n=373
  • 17. Job security  Over half (57%) felt fairly or very secure in their job  A further quarter (27%) were neutral and 17% felt insecure 17 5% 12% 27% 33% 24% How would you rate your current job security? Very insecure Fairly insecure Neutral Fairly secure Very secure MOST LIKELY GROUPS TO FEEL SECURE - USA 80% - Paediatrics 72% - Aged 50 or older 59% - Males 58% LEAST LIKELY GROUPS TO FEEL SECURE - Aged 21-39 53% - Females 50% - General Surgery 43% - KSA 48% Sample size n=373
  • 18. Career in 5 Years’ Time  Around two-thirds expected to continue in their same job role in 5 year’s time  Almost 1 out of 10 planned to apply for a managerial role  Those with 10 years experience or less were significantly more likely than those with over 16 years experience to move from general practice to specialist training (8% vs. 0%) 18 64% 8% 2% 1% 1% 0% 9% 15% Continue in the same role Leave clinical medicine for a managerial role Move from general practice to specialist training Change speciality Leave medicine altogether Move from specialist training to general practice Other Don’t know Where do you see your career in medicine in 5 years’ time? Sample size n=373
  • 19. Changing Job Role  Over 8 out of 10 medical professionals (83%) were actively looking or were considering a new role in the next 12 months − UK medical professionals were the most likely to be actively looking or considering a new role (92% compared to 74% in KSA)  Almost three quarters would consider relocating internationally for a new role − UK medical professionals were the most likely to consider relocating internationally for a new role (85% compared to 65% in UAE) 19 31% 52% 17% Yes, I will actively look for a new role Maybe, I may consider a new role if the right job arises No, I will not look for a new role Do you anticipate changing jobs within the next 12 months? Sample size n=373 74% 23% 2% Yes Maybe No Would you consider relocating internationally for a new role? Sample size n=311
  • 20. Looking for a New Role  Medical professionals actively looking or considering a new role in the next 12 months were most likely to use a recruitment company (66%), personal contacts (50%) or networking (45%)  Medical professionals in different countries used alternative methods for looking for a new role:- - UK: BMJ (70% vs. 3% USA) - UAE: LinkedIn (42% vs. 22% UK) - KSA: Recruitment Company (82% vs. 56% USA) - USA: Networking (53% vs. 44% UAE) 20 66% 50% 45% 30% 26% 10% 4% 3% 2% 7% 6% Recruitment Company Personal contacts Networking LinkedIn BMJ Social Media other than LinkedIn Lancet New England Journal of Medicine CMAJ Other Don’t know Where would you look for a new role? Sample size n=311
  • 21. New Role Preferences  Over 7 out of 10 (72%) preferred a salary package in their new role  Almost 6 out of 10 preferred (58%) to work in the public sector and 36% preferred the private sector − Those working in KSA (81%) or UK (74%) were the most likely to prefer the public sector, whilst those working in USA were the most likely to prefer the private sector (50%) 21 72% 10% 18% Salary Fee for service No preference Which package would you prefer in your new role? 58% 36% 6% Public hospitals and clinics Private hospital sector In house company work e.g. oil company Which sector would you prefer in your new role? Sample size n=311
  • 22. Importance of Benefits  The most important/ vital benefits for medical professionals were 25 days paid annual leave (86%), medical cover (80%) and malpractice insurance (78%)  Medical cover, housing and flights were significantly more important to medical professionals in KSA  A retention bonus was significantly more important to medical professionals in USA 22 2% 4% 5% 8% 9% 10% 14% 14% 19% 10% 18% 12% 16% 17% 21% 25% 26% 24% 25% 20% 32% 28% 34% 34% 35% 38% 38% 49% 40% 38% 40% 42% 42% 52% 46% 42% 34% 28% 15% 21% 23% 21% 16% 13% 25 days paid annual leave Medical Cover Malpractice Insurance Accommodation Housing Contributions Incentive Scheme Education Contributions Flights Pension scheme Retention Bonus Sign Up Bonus How important are the following benefits to you? Not important Quite important Important Vital Sample size n=373
  • 23. Most Important Factor  Almost half of medical professionals felt salary / income was the most important factor in accepting a job offer  Males were significantly more likely than females to select salary / income (50% vs. 33%)  Whereas females were significantly more likely than males to select career change (11% vs. 2%)  Those aged 21-39 were significantly more likely than those aged 40 or older to select training opportunities (15% vs. 2%) 23 48% 11% 9% 8% 6% 5% 5% 3% 3% 1% 0% Salary / income Job security Location Benefits package Family reasons Training opportunities Company culture Career change Promotion Private practice Other What is the ONE most important factor in accepting a job offer? Sample size n=373
  • 24. Medical Team  There were an average of 20 people in each medical team  Over half (51%) expected their medical team to grow this year 24 25% 22% 15% 9% 28% Less than 5 6-10 11-19 20-29 30 or more How many people are in your medical team? 7% 42% 28% 17% 7% Decreased head count No head count growth 1-5% growth 6-10% growth Above 10% growth How do you expect headcount to change this year? Average based on midpointsSample size n=373
  • 25. Recruitment Challenges  Poor financial remuneration (43%) and poor management (42%) were seen as the two biggest recruitment challenges for hospitals and clinics  A third also mentioned either organisational culture (33%), lack of career progression (33%) or lack of financial resources (33%) 25 43% 42% 33% 33% 33% 31% 30% 22% 8% 1% 6% Poor financial remuneration Poor management Organisation culture Lack of career progression Lack of financial resources Lack of skilled staff Poor working conditions Poor training opportunities Outsourcing Other Don't know What do you think are the biggest recruitment challenges for hospitals and clinics? Sample size n=373
  • 27. Gender and Age 27 88% 12% What is your gender? Male Female 2% 20% 42% 31% 4% 1% 21- 29 30-39 40-49 50-59 60-64 65 and over What age category do you fall within? Sample size n=373
  • 28. Time in Medicine 28 0% 0% 3% 5% 5% 4% 6% 3% 7% 8% 58% Less than 1 year 1-2 years 3-4 years 5-6 years 7-8 years 9-10 years 11-12 years 12-13 years 13-14 years 15-16 years Over 16 years How long have you practiced medicine? Sample size n=373
  • 29. Country of Work 29 14% 13% 13% 12% 5% 3% 3% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 8% United Arab Emirates Saudi Arabia England United States of America Italy France Canada Spain Pakistan Australia India Qatar Germany Republic of Ireland Greece South Africa Switzerland Sweden Denmark Portugal Oman Kuwait Lebanon New Zealand Belgium Norway Jordan Tunisia Singapore Other Which country is your current role located? Sample size n=373
  • 30. Job Title 30 5% 2% 7% 54% 17% 3% 1% 6% 1% 5% Professor Clinical Director Medical Director Consultant Associate Consultant / Specialist Registrar / Assistant Consultant Senior House officer / Resident General Practitioner / Family Physician Hospitalist Other Which of the following best describes your job title? Sample size n=373
  • 31. Medical Speciality 31 8% 7% 7% 7% 6% 6% 6% 5% 4% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 5% General Surgery Family Medicine / General Practice Intensive Care Medicine Paediatrics Anaesthesia Radiology Orthopaedic Surgery Internal Medicine Obstetrics and Gynaecology Emergency Medicine Ophthalmology Neurology Urology Oncology Neurosurgery Pathology and Laboratory Medicine Plastic Surgery Vascular Surgery ENT Surgery Cardiology Pulmonology Nephrology Gastroenterology Psychiatry Cardiac Surgery Endocrinology Allergy and Immunology Rheumatology Dermatology Public Health Medicine Haematology Geriatrics Thoracic Surgery Infectious Diseases Medicine Other In which speciality do you work? Sample size n=373