Medical sales executives continue to lead the way in the pay stakes, but how do they continue to defy remuneration odds?

A recent Channel 4 documentary exposed just how sensitive the issue of salary is in the workplace. Employees at a leading plumbing firm in London were asked, face-to-face, to reveal their salary to their colleagues. The outcome wasn’t pleasant. Employees working alongside each discovered they were, in some instances, paid tens of thousands of pounds less than the person working only a few feet away from them. Whilst employees’ pay was eventually brought in-line with their unsuspecting workmates, the moral of the film highlighted just how much people dislike being short-changed – especially in their wage packet. 
The Pf Company Perception, Motivation and Satisfaction Survey – now in its 11th year – again highlighted the importance of salary to those working within the medical sales industry. It’s of little surprise that in an era of austerity salary came out on top as the main motivating factor for respondents. While the significance of money is there for all to see, the satisfaction respondents feel when they open their wage slips is somewhat surprising – despite being paid well above UK average. Satisfaction ratings showed salary placed as the 13th out of 18 options.

Figures from the website Payscale.com show that the average salary for men in the UK is now a slightly more than £30,000. For women it’s around six thousand pound less. Short change when compared to figures from the Pf Survey where the median salary from men is £45,000 and women £40,000. Despite nearly all pharmaceutical companies announcing plans to tightening its belts, employees in the medical sales sector are clearly still extremely well paid.

Overall figures from the survey show that annual remuneration packages range from £11,000 up to a wallet-busting £107,000. The median salary for full-time workers travelling from job to job around their territories was £43,000. Even those on part-time hours earned a medium salary of £26,702 – with the highest earner working reduced hours taking home a cool 54k.

The going rate
A career in the medical sales industry pays. The median salary for respondents who have less than six months’ experience within the sector was £23,000 - see Figure 1. One individual began their career within the industry taking home £58,000 per year! The median salaries of those with additional years of experience continued to rise with those clocking up eight years or more earning an average of £45,000. 
Age also plays an important factor.  The median salaries of those aged 25 and under continue to rise to respondents aged between 45 and 54 years old. Individuals in that age bracket reported a median salary of £45,000, yet those aged beyond their 54th birthday saw their median annual wage fall by two thousand pound. With an ageing workforce, has the medical sales industry targeted this age group to make savings?
Patients may suffer as a result of the postcode lottery but it also seems that medical sales executives do as well – see Figure 2. Median salaries ranged from £42,125 in Scotland up to £47,000 in London. The south east, south west and Wales all clock up median salaries of £45,000 with the north east and Midlands/east slightly behind.

Individual roles
Pharma’s switch in methodology away from a traditional headcount approach to a key account model is reflected in the survey with the median salary for Key Account Managers being £10,500 more than that of a Primary Care Representative (£33,000). Primary and Secondary Care representatives reported a slightly better median salary at £38,880. However, that figure is almost doubled by the median salary of second-line managers at £74k. At the other end of the pay scale, nurse advisors reported the lowest median salary at 30k – as highlighted in Figure 3.

Although public sector workers may have had to endure pay freezes, the same can’t be said of medical sales executives. For the second year running respondents have again reported hearty pay rises – one lucky individual banked a £20,000 rise! Overall, the median salary increase was slightly more than a thousand pound. Key Account Managers reported £100 on top of that figure with second-line managers again enjoying the largest slice of the pie, after receiving a median rise of £2,778.

On top of generous salary increases, respondents also enjoyed bonuses the majority of workers from other sectors – banking aside – could only dream of. In total, the survey found that sales executives received a median bonus of three thousand pounds. The maximum bonus was £50,000. Key Account Managers saw their bonuses fall in line with the average median figure, primary and secondary care representatives were rewarded a thousand pound less than everybody else, and first-line and second-line managers again enjoying generous gratuity sums.

However, very much like salary, respondents were clearly unimpressed with their bonuses. In the satisfaction stakes, only share scheme finished behind bonus in the minds of respondents. It would seem, much like pharma’s shareholders, medical sales executives are a difficult bunch to please – despite enjoying above-inflation rewards.

Having the right balance where company culture is concerned is vital to a successful and growing organisation. Pf’s Iain Bate focuses on where companies often get it wrong.

Company culture is very much like gravity. You may not be able to see it, touch it, smell it or hear it, but, good or bad, it’s everywhere you turn in every organisation. But just what is it? And, more importantly, what makes the difference between a productive company culture and a damaging one?
In 1966, Marvin Bower from global management consulting firm, McKinsey & Company, described company culture as “how we do things around here”. Sure, it can seem to be as simple as that. But company culture is far more than preferences or working habits. It’s in the metaphorical bloodstream of a company. Or at least it should be. During induction days at a new job, company culture is very rarely mentioned. In fact, you may go throughout your whole working life in a job and it never be discussed. You may be given tips on sales techniques or how to walk in a single line to exit offices during a fire drill, but training on company culture is seldom given or heard of.

Gabrielle O’Donovan, a company culture expert who penned The Corporate Culture Handbook, said in an interview in 2007 that the role of company culture is to preserve the past via tradition while stimulating via innovation. However, if organisations are neglecting company culture and failing to express the principles from which they were founded upon, then how can they possibly move forward?

There are many facets of company culture. In fact, no two companies’ methodologies will be the same. These may include having a strong mission clarity, having committed and empowered employees, forging strong relationships between staff and highly effective leaders and a commitment to learning and development. Whilst there are many more to mention, if one element of these is badly wrong within an organisation it can affect ideologies towards company culture – especially from an employee’s point of view.

Each year, Pf’s Company Perception, Motivation and Satisfaction Survey gives those working within the medical sales industry the chance to vent their frustrations or express their gratification on the issues which matter the most to them. Participants are asked to outline what it is like working for their current employer and what they consider to be the most significant things that characterise their past twelve months in their job. Behind a shield of anonymity, respondents rarely pull any punches. And this year’s survey was no different. Pf took a look at some of the latest responses, and examine what they say about the key components of company culture. The following are real examples of feedback from the Pf Survey 2010/11. They outline some of the ‘deadly sins’ of company culture that, where they exist, can be very damaging.

1.  Job security
“It’s at an all-time low. My new manager is one of the most unprofessional, unethical and dishonest people I have ever come across with no integrity, drive or desire to assist in any way. I have been bullied and harassed; I’m demoralised with low self esteem.”

At a time of widespread industry job losses, one thing that employees value more than anything in the current market is security. Immediate managers and their seniors have an important role to play in ensuring a sense of security in the workplace. Dr Jill Miller and Rebecca Clarke, research advisers, CIPD, note that although job security may not seem an obvious or important factor in company culture, acknowledging and delivering this to employees not only eases any office-based worries but also creates loyalty and promotes retention – something which is important in an era when employees are less likely to have company affinity or search for a ‘job for life’. 

2. Leadership
“The Managing Director has been parachuted in and knows very little about the industry. He behaves like Napoleon and morale is at rock bottom. After 2009 being the best year ever, a 0% pay rise leaves everyone in the wrong frame of mind.”

As in any organisation, those at the top of the career ladder must lead by example. How are employees on the ground expected to promote a healthy and successful company culture if their superiors flaunt expected values? For example, the banking sector has again come in for wide-spread criticism recently for its bonus culture for senior leaders despite huge losses, whilst those working behind counters up and down the country still struggle to pay the bills. The same principles apply in any sector. If company culture is seen as the heartbeat of a company, then the brains – its leadership – must promote these elements and find ways of improving upon these at every opportunity.

3. Management
“The new line manager is not a great people person. He doesn’t answer his mobile and is slow returning calls. He also sends very blunt emails!”

The behaviour of line managers is equally important as those in senior positions. While staff on the ground may never even see or speak to a company chairman or a managing director, they are likely to have daily interaction with their boss. Dr Miller and Jill Clarke explain that managers throughout an organisation have a key role to play in “maintaining the company’s culture, role-modelling expected attitudes and behaviours”. As a result of the absence of training in expected values, many organisations find that articulation and communication of the expected values of the company, and how to maintain these, is a vital step in ensuring staff are aware of what is expected of them. Line managers are in the perfect position to do this on a daily basis.

4. Training
“My company is too self engrossed and not willing to develop talent. Instead it is more keen on supporting those who have worked for the company for longer despite knowing results are not being achieved. There’s no logic or rationale for recognising individuals. It is more likely to put people off trying to progress.”

At a time when pay rises are well below the rate of inflation – if you’re lucky to have one at all – and the fear of the axe looms large, training is seen as an avenue of progression. Sure you may not get paid for a promotion, but it looks good on your CV and new skills and qualifications can be gained in the process. But when training programmes are withdrawn or neglected by organisations there’s an immediate impact on the ground. These schemes offer a glimmer of light at the end of the tunnel. Without these in place, staying in the same role – or even company – for the next 12 months may seem a dark place to be.

5. Career development
“It’s difficult, as the company move the goal posts with reference to development.”

There’s nothing worse than being stuck in the same routine without a glimpse of career progression. But, as companies have tightened their belts, opportunities to work the way up the career ladder have decreased. The need to work longer has also seen positions which would’ve come available after retirement blocked by established colleagues. Dr Miller and Jill Clarke believe that a new approach is needed by organisations to increase the amount of opportunities open to staff. “Organisations need to think smarter about their approach to training and development, taking a strategic approach to ensure the development offered is closely aligned to the current and, most importantly, future needs of the business.”

6. Salary and bonus
“I love working for my company; there’s a great culture and the management are very approachable. However, there’s a lot of responsibility and the hours I commit cut into evenings and my personal life with a low salary.”

No-one likes to think they’re overworked and underpaid. But human nature suggests that many of us do. In last year’s Pf survey, the median salary of respondents was £46,000 – of which 46% were unsatisfied with. The Office of National Statistics published results in 2011 which revealed that median gross annual earnings for full-time employees was around £26,000 – considerably less than those working within the medical sales industry. However, where money is concerned, there’s never enough. With food, clothing and energy prices continuing to rise – coupled with low interest rates – every penny spent needs to be justified. So if companies are squeezed and cannot budget for pay increases, they need to consider other means of rewarding, recognising and, ultimately, motivating staff.

7.  Work-life balance
“It is competitive with a lack of regard for personal needs. There is a lack of recognition unless you are in the clique! Ideas and individuality are not respected. It’s very administration focused with more and more time being spent on the computer. We are expected to do the same daily job of seeing face to face customers contributing to a very one sided work-life balance.”

Despite being well paid compared to other professionals and the UK average, there’s no point earning thousands of pounds each year and not being able to enjoy it. The balance between time spent at work and with the family has been placed under the microscope recently when staff are expected to work longer hours without any reward. Employers have a responsibility to improve work-life balance. Full time employees in the UK now average 42.7 hours a week at work. It’s arguably more for those travelling up and down the country visiting clients. But a refreshed and happy worker is a productive one. While employers may be happy to drain every last ounce of energy from their staff, in the long run it’s doing them no good. Danish workers, who only work 39.1 hours a week, are unsurprisingly more productive than UK counterparts. It’s no surprise.

Culture change
So how can companies address issues with job security, leadership and management, training, career development, work-life balance and issues with remuneration? In its report, Developing organisation culture, the CIPD advises companies to plan any attempted switch in values. A clear, public plan of action should be devised that communicates the need for new working measures and thinking, and outlines how the new approach complements the overall vision of the organisation.

Next, employees should be engaged for their opinions with managers also encouraged to play an active part in discussions. Senior leaders and managers on the ground need to ‘buy-in’ to any new measures and be seen to be transparent in their approach.

The report says it’s also important to identify and develop the necessary skills and behaviours required from staff to incorporate any new elements set to be introduced. If resources are tight, companies are encouraged to be creative to develop staff capabilities.

Finally, it’s important to measure and assess the impact of the new culture change. Without having staff onside and willing to help introduce change, any attempts will be futile. Staff need to buy into a vision they really see and hear the next time they look around the office.

The stereotypical boss rules with an iron fist. But respondents of the Pf Survey suggest managers in the pharmaceutical industry aren’t as horrible as they may look. 

In the world of football there are a million clichés branded about every afternoon at stadiums up and down the country. It’s now as much as part of the game as the half time oranges or Gary Lineker’s ears on Match of the Day. There’s a famous cliché reserved for hard-working sides giving everything for their manager. They chase every ball, cover every blade of grass and run through proverbial brick walls for their boss.

It’s a strange comment when you think about it. Apart from David Copperfield or David Blaine, has anybody ever actually run through a brick wall? And, more importantly, why would you do it for your boss in the first place? It might be understandable if you’re managed by the hair-drying qualities of Sir Alex Ferguson, but what about your average pharmaceutical sales manager? Would you risk serious injury and a comedy imprint in your office wall? The answer, surprisingly enough, may be ‘yes’.

Since the humble beginnings of the Pf survey at the start of the Noughties, respondents have always shown a willingness and motivation to get along with their boss. It may be an eagerness to progress and impress or it may be simply because it makes life easier at work. Either way, respondents’ relationship with their manager has consistently been included in the top five motivating and satisfying factors. Bosses must be doing something right.

Last year it was voted the second most satisfying aspect behind only a belief in present products. The year before that, it was the second most motivating factor within the workplace. Only salary mattered more in 2009.

But a recent lawsuit against Roche, where a 55-year-old sales rep won a discrimination case in the US after he was repeatedly called “old school” and his complaints ignored by seniors, shows there’s still a raft of mini-Hitlers in leadership positions hiding within the industry.

The pharmaceutical industry may be training its managers to deal with the day-to-day pressures sales representatives face in the field, but in an era of pay freezes and job cuts across the industry, are they doing enough to give you the support needed to succeed?

What’s your relationship like with your manager? Have your say in Pf’s annual Company Perception, Motivation and Satisfaction Survey here.

The UK pharmaceutical sales force and Daniel Bedingfield don’t seem to have that much in common on first inspection. Or do they…

It’s in our nature to want to succeed and develop. All of us have experienced a winning mentality somewhere along the way. While we might not always show it, all of us want to have a metaphorical gold medal around our necks. There’s nothing better than being the best.

Pf’s Company Perception, Motivation and Satisfaction Survey celebrated its 10^th anniversary last year. From 2001 onwards, salary has always ruled the roost where motivation is concerned. It makes the world go round in the medical sales industry. But back then, closely on its coattails was personal development. Opportunities were there for employees, promotions were available and money was to be made. Even Daniel Bedingfield earned his first number one in the charts! A decade on, nobody cares about personal development anymore. Even Bedingfield can’t get thru this.

Last year’s survey results showed personal development was voted as the ninth most important motivational factor – participants admitted they appreciated a pat on the back more than improving their own skills. A year before that it struggled to get in the top ten motivating factors. Driving a nice car was more important.

So what changed in a decade? Why did employees within the medical sales industry stop wanting to progress with their own careers and be happy to sit and count their wages? When did they become content to stay on the same rung of the ladder? Standing still gets you nowhere in life.

A lot has to do with job security. After years of ‘streamlining’ and workforce reductions, why take the risk taking on a new position, especially at a new company? Everyone knows it’s last in, first out, right? Personal development has been pushed to the back burner in favour of putting food on the table – you can’t blame people for adopting this mentality.

However, it can’t stay like this forever. In the modern day healthcare environment there’s a requirement for sales executives to learn new skills to deal with very real challenges. Personal development has again got to take priority. Those standing still and happy to use the same techniques, which may have served them adequately over the last ten years, will quickly be overtaken by those aiming for that metaphorical gold medal. Yet it doesn’t have to be like this.

Personal development doesn’t have to take over your life. Online literature has made it easier than ever to learn new skills or techniques whilst you’re taking a break on the road or from the comfort of your sofa. Alternatively, convenient day courses provide timely refreshers. This month’s issue of Pf – out on 27 March – offers advice from experts on how to up-skill in the current environment. You’ll learn that personal development has never been more important.

One thing is for sure, the sales force cannot maintain its apathy towards training and development. In a changing market, we gotta get thru this.

The 2011/2012 survey is now open. Have your say on what matters the most to you here.

Are you lacking motivation and confidence at work? Do you feel anxious about the security of your job? As employment statistics continue to deteriorate, we could put these feelings down to the saddening status of the economy, but is that really a good enough excuse to work in a job you don’t enjoy?

Don’t get me wrong, we should always feel grateful for our job, especially in the current climate. But our jobs are what make us get up in the mornings. So, shouldn’t we make the most of our 40+ hours a week?

In any case, if you’re feeling down in the dumps at the moment and have realised that it’s not the economy, but actually, you’re not enjoying your job, it could be time for a change of scene.

Ask yourself these questions:

• How long have you be in your current job?
• Has your salary increased since your last job?
• Are your responsibilities at work increasing or decreasing?
• Are you involved in important decision making at work?
• Do you feel challenged by your role?
• Are you just hopping from one employer to the next staying in the same position?
• Have people hired after you been promoted faster?
• Do your colleagues seek out work advice from you?
• Do you dread going to work?

It’s pretty obviously which of these answers are good and which are bad signs of what you should do next.

It may be a case of considering other roles, as it’s true what they say: It’s much easier to find a job if you have a job. In which case, give an honest analysis of your career as it stands and assess your long-term objectives. Are you doing what you always wanted to? Is your current job a step in the right direction?

If not, or you can think of something better and more relevant to your personal career goals, no time like the present to sort yourself out. It’s only too easy to become too comfortable with your job and falling into a career slump.

But, it could also mean that you should think about discussing your feelings with your boss. Ask how you can contribute more to the company, and use your initiative to put forward some ideas to keep things fresh and involving. You’re more likely to enjoy your work if you’re doing different things and being recognised for your efforts.

A career rut is never easy and new opportunities can often feel out of sight. But if you’re feeling unmotivated and lacking stimulation in your job, it’s worth having a serious think about what you should really do.

Visit PharmaJobs for the latest vacancies in pharmaceutical sales.

A highly-skilled workforce is a must in today’s competitive business environment. But as many companies slash their budgets in the relentless pursuit of efficiencies, is employee training becoming yet another victim of austerity?

Companies that fail to invest in talent will undoubtedly learn the hard way that this is a short cut to failure. Chris Ross presents a crash course in the current market for training and development.

There are mixed views on whether companies’ training and development activities are taking a hit in the current global economy. Recent mid-year analysis in the US revealed that global spend on training this year has been around 7–9% higher than in 2010. But Training 2011, a study by UK market intelligence company Key Note, presents a different trend.

The report estimates that spending on off-the-job training by UK private and public sector employees fell by 3.2% in the year to April 2010 – and that spending on external trainers dropped by around 17% in the same period. The study reports that training investment most likely dropped further by around 2.5% up to April 2011, but forecasts a slight recovery of 1.5% by April 2012. These are worrying times.

Companies are desperately seeking to increase their capabilities as the markets in which they operate are changing; but to drive real growth, continued investment in talent is essential. The Chartered Institute of Personnel and Development (CIPD) says that whilst organisations will undoubtedly expect people to do more with less, they should not expect employees “to want to do more with less learning and talent development.”

Learning and Talent Development 2011, the CIPD’s annual survey report, revealed that resources and budgets for learning and development had decreased in two-fifths of organisations in the past year, whilst a third of companies had reduced their headcount.

The study showed that although most businesses have a training budget, in most cases these have not only suffered cutbacks, but are also expected to cover a broad range of activities and costs. Unsurprisingly, the majority of budgets cover items such as external courses and conferences (93%), hiring external consultants and trainers (83%) and books/training manuals (81%).

But for two-fifths of the organisations surveyed, the training budget is also expected to cover fixed costs and salaries for in-house trainers. Clearly, the battle to upskill the workforce is being played out in the most testing of circumstances.

 

The employment market

The employment market is certainly creating challenges for employers and candidates alike. Unemployment is rising as organisations continue to reduce their workforces – but those companies that are hiring are finding that many job applicants are not sufficiently skilled and are therefore unsuitable for employment.

Conversely, in a stagnant job market, those who are in employment appear reluctant to move. Talented individuals are staying put. But is enough being done to nurture and develop them? Or are they too likely to stagnate as opportunities fail to emerge?

Likewise, less talented but generally reliable employees –the ‘safe pairs of hands’ that populate every organisation – are in many industries failing to receive adequate skills development, leading to an uncomfortable paradox: they are safe in their roles, but as their markets evolve they are not ‘fit for purpose’ to perform them.

In difficult times, the need for increased investment in human capital is significant. Training and talent development is a major priority for businesses large and small. In a market characterised by growing shareholder expectations and shrinking operational budgets, what are the options for training and developing the workforce?

Learning and Talent Development 2011 says that most companies are continuing the 2010 policy of “switching to more cost-effective development practices”. This has seen organisations reduce their use of external training service providers and instead increase in-house development programmes, internal knowledge-sharing events and coaching by line managers. In addition, the use of e-learning solutions continues to grow.

Technology-led learning tools are becoming increasingly popular across Europe. Training today, training tomorrow, a present-day analysis of learning trends across Europe by Cegos Group, says that uptake of solutions such as ‘serious games’, mobile learning and online learning has grown considerably. This, it says, is driven by an emerging younger demographic in the workplace, and widespread corporate objectives to reduce costs yet maintain productivity.

Learning solutions that are delivered in a medium that is more familiar to this emerging user-group, and that mirror the new “social, global and mobile environment”, are not only easier to integrate into employees’ daily activities, but are also considered more engaging and effective. According to Cegos Group’s 2011 survey, half of those trained in Europe have used informal learning tools such as videoconferencing, wikis, blogs, forums and podcasts.

 

Old school still rules

So the rise of e-based learning solutions is tipped to continue. But, despite rhetoric to the contrary, not at the expense of traditional learning tools. Face-to-face training remains popular – external courses, seminars and conferences continue to play a valuable educational role.

In heavily knowledge-based and technical industries such as life sciences, traditional methodologies remain both popular and effective. In medical markets, despite the obvious growth of e-learning tools, tried-and-tested lecture-style learning still appears to be the preferred option, with many participants choosing it as their favoured route for CPD.

The CIPD study shows that external conferences and events are rated as being among the most effective learning methods for leaders, potential leaders and middle management. Despite this, more than a third of companies (34%) have reduced their use of external events in the past year.

In other areas, classroom-style lectures are being replaced by individual one-to-one sessions that enable more individualised, targeted training. There has been significant growth in activities such as coaching and mentoring, which are being recognised as important tools to encourage individual accountability and nurture talent.

According to the CIPD survey, coaching takes place in more than four-fifths (86%) of companies polled, with its main objectives being to support performance management, prepare people for leadership roles and assist learning and development.

A third of companies employ coaches, while two-fifths hand responsibility for it to line managers. Only one-fifth use external consultants for coaching. Group training – such as team coaching sessions and collaborative workshops – is evolving to become more interactive, customised and flexible – giving facilitators the opportunity to adapt training quickly, based on employee feedback and needs.

 

The need for speed

Speed is emerging as a key consideration in companies’ training and development strategies. Businesses are becoming more impatient. They want their employees to develop quicker and to become more proficient and productive faster than ever before. Such corporate impatience is, in fact, often mirrored by learners themselves. Employees want the fast track to success and, where it exists, will choose the crash course over longer-term learning.

As a result, multimedia and web-based training tools have seen a real surge in uptake. The benefits are clear, but the approach is not without its challenges. The dropout rate in self-monitored online training is apparently high, with too many participants failing to complete courses.

Developers need to work hard to ensure that online courses are engaging and exploit the opportunities for interactivity and connectivity that the medium provides. Critics claim that too many courses appear little more than traditional training manuals that have been uploaded to an online format.

Clearly, as the global business environment continues to evolve in challenging times, training models and methodologies are having to adapt to meet changing needs. The emergence of collaborative, interactive and dynamic learning tools, enabled by rapid advances in technology, have opened up new opportunities for training and development – but it only really completes the circle of learning solutions available to the market.

Training is, after all, demand-driven and should be designed to meet the varying, and often individual, needs and tastes of its end users. As such, training managers should continue to consider the full suite of learning tools open to them – in dialogue with learners and their line managers, to find the most effective solutions to meet organisations’ and individuals’ objectives.

Undoubtedly, however, the biggest demand from a business perspective is to nurture a skilled, talented and engaged workforce. To do this, companies must continue to invest in training and development, rather than chip away at training budgets for short-term efficiency gains.

The potential long-term impact of that approach is a disengaged, unmotivated and unproductive workforce that is not fit for purpose. And that really would be learning the hard way.

Data in this article have been sourced from Learning and Talent Development 2011, the Chartered Institute of Personnel and Development’s annual survey report. This is available for download from the CIPD website. Training today, training tomorrow, an analysis of learning trends across Europe and global comparisons, is available for download from the Cegos website.

In times of economic turmoil, we are all feeling the pinch of our increasingly tightened belts, even those who are working in positions that are thought to be significantly safer.

In fact, recent statistics collected by the Chartered Institute of Personnel and Development (CIPD) have revealed that business leaders are actually missing adequate leadership skills.

According to the CIPD’s survey, UK Highlights: Global Leadership Forecast, only a third (36%) of UK leaders and one in five (18%) of UK HR professionals rated the quality of leadership as ‘high’ at their own organisations. These figures are unsettling as leaders have admitted lacking the key qualities to encourage success in the workplace.

As we all know, effective leadership in pharma is important to managing a team and achieving success in long-term business strategies, especially as we have now apparently double dipped ourselves in the already soul-destroying recession. It just seems a shame that leaders don’t feel like they are sufficiently trained to be ‘leader of the pack’.

So why are leaders suddenly feeling self-conscious?

Maybe it’s the pressure? I’m sure that everyone has felt a knock of confidence since the recession began. So, leaders must truly feel the blunt of the blow as they try to muster enough poise to carry on and motivate their team. And it’s true. As a figurehead, the leader must represent their employees as one and motivate them through this dark time.

Of course, there remains many talented leaders in the marketplace - both within pharma and outside of it -  but as businesses tighten the purse strings, attracting them against a backdrop of fiscal prudence, is proving challenging. Companies are desperately seeking leaders with innovative ideas for growth - but finding and attracting them is another matter.

Vanessa Robinson, Head of HR Practice Development, CIPD, notes the predicament that we face, as “Leadership development budgets remain tight, particularly in the UK, yet effective leaders make a real difference to the success of organisations.”

So it seems the issue of leadership creates a catch-22 effect as we come to realise the importance and worth of great leadership to encourage business success but also struggle to find the money to fund it. Perhaps ‘speculate to accumulate’ should be our way of thinking when it comes to leadership in future? How would you rate the leadership at your organisation?

Medical sales professionals are well paid. But they are still not happy. Pf Editor Chris Ross wonders why the traditional ‘drug rep’ wants to shake off the stereotype, but seems happy to live it.

So it’s official, money can indeed buy happiness – at least that’s what a recent national survey by data company Mintel would like to have us believe. According to the poll, almost six in ten (58%) of those earning more than £50,000 are happy with their lives. But equally, as if to prove the cliché that there are lies, damn lies and statistics, the same survey shows that almost half of people who earn less than £15,000 are happy too. In fact, despite the current climate of job losses, pay freezes and the rising cost of living, more than half of the nation is happy with its lot, with only 20% dissatisfied with their current state of play.

All of which seems to prove that, far from being the answer to all our prayers, money is not necessarily the root of personal contentment.

So what does this say about medical sales professionals? Pf’s annual survey of satisfaction and motivation among UK pharmaceutical sales executives shows the profession to be well-rewarded. In 2010, the median salary for medical sales professionals was more than £40,000 and the top-earner in the sample picked up in excess of £72,000 a year. In both examples, these figures excluded bonuses which, in many cases, are not inconsiderable. Yet despite this, many across the industry remain dissatisfied with their remuneration. This year’s study showed that whilst respondents were mostly motivated by salary, huge numbers claimed that their employers were failing to satisfy them in this area.

The pharma industry has, for many years, been trying to shake off a poor reputation. It has long been derided for alleged profiteering at the top, and for encouraging apparent opulence amongst its collective workforce. It has been accused of over-indulgence in its promotional strategies, with sales and marketing expenditure often perceived to exceed R&D budgets. And trust in the industry among both the general public and sections of its customer-base has generally appeared to be (unfairly) low.

The image of the drug industry is, in the media and (all too often) on an average evening out, symbolised by the description of the stereotypical ‘drug rep’. For example, the blockbuster movie Love and Other Drugs painted the life of the rep as decadent, adrenalin-fuelled and materialistic – characterised by fast cars, loose women and loose morals. Fiction or otherwise, it did the image of the industry in general no favours and the reputation of the drug rep in particular no good. It pandered to a stereotype that the pharmaceutical industry is desperate to shake off, and it continues to work tremendously hard to achieve it.

So, in a global economy where jobs are falling by the wayside at an alarming rate, where job security is scarce and a pay-rise seems a pipedream, do UK medical sales professionals really need to conform to the stereotype? “Pay me more, give me more.” Medical sales is a well-paid job in a market that has demonstrated greater stability than many others. It provides the kinds of benefits many other professions would die for and, in its purest form, operates in an environment rich with reward in terms of helping enhance lives and improve patient care.

Sure, we’d all like to earn more. But with a median salary that is well in excess of the average wage in the UK, the medical sales professional, despite all the pressure that goes with selling in a competitive environment, has got it good.

Surely that’s a reason to join the majority of the UK and, amid the doom and gloom, be just a little happier?

Finding the best employer is like playing the dating game. No-one wants to be married to their job, but tying the knot with an employer is an important commitment. The strongest relationships can last a lifetime, while playing the field may not look quite so good on your CV. So what is it that attracts us to our employers? Do we marry for money, or is long-term fulfillment enough? And is a good sense of humour essential? Pf’s Emma Campbell-Kelly outlines some of the key criteria in identifying ‘The One’.

The summer months, particularly the holiday season, are often the time when most of us pause and reflect on where we are in life. That two-week break in the Maldives, or even just the back garden, can invariably provide the catalyst for some killer questions: Am I in the right job? Does my employer appreciate me? Do I appreciate my employer? Is it time for me to move on? For many, this period of reflection provides little more than confirmation that they are happy where they are. In the current climate, where job security is king and fear of moving jobs has bred a ‘better the devil you know’ approach, many workers are staying put rather than risking change. But for some, a ‘grass is always greener’ philosophy drives them towards the pursuit of new employment. But what do you look for in a new employer? What defines the perfect job and, indeed, an employer of choice? Where do you begin in the pursuit of professional happiness?

Searching for a new job can be a daunting endeavour. Whether it’s your decision to enter the vacancy abyss or not, the task can be arduous and time-consuming. Slim pickings are expected in such a precarious economic climate, but there’s still a world of decisions to make: location, role, salary and even whether you are looking in the right industry are all key considerations.

The experience is similar to becoming newly single, in the market for a new partner. Job sites and recruitment companies could be metaphors for dating agencies in this case, or a friend who’s trying to set you up, or a speed dating session.

And you must select employers from this pool of availability in a similar way to how you would approach someone to ask them out. Like a relationship, a job is an investment, and will define you for the period you choose to stay committed to it. You want the whole package: ‘The One’. It will stay on your record, your personal history, or rather your CV. No pressure then.

What do you look for? Materialistic features (financial details) are number one priority for most. Your interest in a job or person is sparked by judging at face value. It’s not necessarily shallow, because what else can you base your judgement on in the first instance? Being objective with your search is key to obtaining a job that will tick all the boxes for you.

So once you’ve landed your first ‘date’ with the desired employer, aka job interview, first impressions are too important to disregard. You dress to impress, revise your CV, and prepare answers to every question under the sun. Both parties want to impress, without coming across as too keen. But at the end of the day, you want this job, you wouldn’t have applied otherwise. And the employer wants the best they can get (which is you, obviously). After all, as Ray Kroc, founder of McDonald’s, said: “You’re only as good as the people you hire.” So it’s potentially a win-win situation, as long as you both get what you want.

Job satisfaction has always come top of surveys questioning motivation at work. Until now. It seems that such an insecure and volatile economy is making us tighten our belts (as if they weren’t tight enough already). Living costs are continuing to rise, a unanimous, desperate ‘Yes please’ is given in response to money. The prospect of a double-dip recession has hit us while we’re down, just as we were getting our hopes up.

With this in mind, it’s no surprise when perusing the Chartered Institute of Personnel and Development’s (CIPD) recent quarterly Employee Outlook survey. The review showed that increased salary and benefit packages have overtaken job satisfaction as the number one reason why employees are looking to change jobs.

Out of 2,000 questioned employees, 54% rated higher salary and benefits as their top reason for wanting to change jobs, while 42% said that job satisfaction drove their career move choices. This is a sharp reversal compared to last year’s 61% voting job satisfaction over 48% monetary reasons to look for alternative employment. A shocking revelation from the survey showed that almost a fifth (18%) of employees completely run out of money before they’re paid, either always or most of the time. So the financial pressure is on, it seems.

But are finances what get us out of bed in the morning? We recall how the carrot beat the stick regarding the donkey’s motivation. But what does the carrot mean to you?

Is it salary, benefits, a fancy company car? For some people, especially those who are struggling financially at the moment, the answer would be a giant nod of the head. But what about the 42% who voted job satisfaction as their motivation to work hard?

For this group, an employer’s treatment of its workers and management skills really makes a difference. It’s the little things that contribute to their career happiness. A friend you can confide in, belief in your product, respect for your manager; the buzz of adrenaline when you know you’ve done a good job.

Company culture has always been a vital aspect of work life. Your co-workers are with you for a significant portion of the day, so team dynamics are important. Henry Ford of Ford Motor Company had the right thinking: “Our employees are like extended members of our family.” The company should run like a well-oiled machine at all levels, complementing and developing each other’s roles and responsibilities. Confidence and trust glue the team together and make everyday errands pass by effortlessly.

There’s no doubt about it, your happiness at a company is largely directed by what you do for at least 40 hours a week. And let’s face it – your working life is a long one, so it’s best to do something you enjoy. It’s been proven time after time that you’re more likely to work harder if you’re passionate about your job. Happy people are more energetic, proactive, creative and optimistic, and quicker to learn. In which case it’s in your employer’s interest to make you happy.

This is largely down to how you’re managed. Management and guidance at work largely affect your work ethic and the company’s dynamics. “Management is nothing more than motivating other people,” stated Lee Iacocca, Chairman for Chrysler Motors. Management is a crucial role to play, because your workforce implicitly relies on your motivation to work. Donald Trump once said, “Good people = good management and good management = good people.”

Money can only promise a limited amount of will-power from an individual; pride in their work will give them the edge and a hunger for success. Belief in your product, trust, loyalty and commitment to the employer are also invaluable attributes for an employee to embody, and are recognised by good employers. As Mary Kay Ash, Head of Mary Kay cosmetics, stated: “People are definitely a company’s greatest asset. A company is only as good as the people it keeps.”

So perhaps, most of all, we just need to feel loved. Being treated well, as in a committed relationship, ensures that we’re in it for the long haul.

In July, the Office for National Statistics (ONS) published a report on what makes Brits happy. Not money, as it turns out. Health, family and friends topped the list when around 34,000 people were asked “What is wellbeing?” and “What in life matters to you?”

The survey was commissioned by David Cameron to help him develop future policies, but ironically critics have since complained that the £2 million to conduct the survey was a waste of money as the results are quite obvious. We’re never happy, are we?

But at the end of the day, as much as money is a necessity to live, happiness in yourself and at work increases quality of life, and helps boost your company at the same time. A happy workforce is a productive workforce after all.

From an employer, you want to be pushed to your full potential, appreciated for your effort, made responsible for important decisions, making you believe in your product and employer.

Working life is most enjoyable if you’re lucky enough to be in the position of not worrying about money. To have an enthralling occupation puts a spring in your step.

And as much as looking for a new job can be tiresome and sometimes feels like a dead end, just remember, it’s all in aid of finding ‘The One’, your soulmate that offers the whole package: an invigorating role with great prospects. And if the money’s good at the same time, all the better. So make it a good one with good people.

It’s long been said that men are from Mars and women from Venus. Iain Bate explores the findings from the latest Pf survey to establish if, in pharma at least, the sexes really are worlds apart.

For decades studies have been evaluating whether men or women make the better boss or employee. Questions have also been asked time and again about who works harder or more efficiently with the resulting arguments commonplace in boardrooms, bedrooms and everywhere else in between. And, like every other industry, the world of pharma has not been immune from the debate. Now in its tenth year, Pf’s annual Company Perception, Motivation and Satisfaction Survey provides a confidential way for medical sales professionals to express what they really think of working within the UK pharmaceutical industry, and provides a useful benchmark of field-force remuneration. Once again, this year’s survey shows that the difference between men and women is not as clear as the X and Y chromosomes that separate us.

In 2007, Total Work, Gender and Social Norms, a study from the US National Bureau of economic Research, by Michael Burda, Dan Hamermesh and Philippe Weil, aimed to put an end to the age-old argument of who actually works harder. Although on the surface the majority of respondents claimed that women work harder than men, the survey found that across northern Europe and America the total workload – combining activity at work and at home – is now shared almost equally.

There are reportedly just 78 genes that separate men from women. But the feedback from the Pf survey would suggest masculine and feminine thinking is far closer together. Women slightly outnumber men in the survey accounting for 53% of respondents. They also outnumber male counterparts in almost every age group as well – a surprising statistic considering it’s usually females who sacrifice, or at least put their careers on hold, when starting a family. This social norm is reflected with the only age category in the survey where men outnumber female counterparts by almost 2:1 is those aged 55 or over.

The pay gap

Pay discrimination has always been a major issue and one which campaigners have tried to balance for decades. On the 1st October 2010, the Equality Act 2010 came into force. The brainchild of Harriet Harman and one of the Labour Party’s 2005 manifesto commitments it was supposed to finally bridge the gap in salaries between men and women. Forging together nine different laws, including the Equal Pay Act, the legislation gives the Government the power to require large private sector companies with more than 250 staff to establish whether there is a pay gap and to publish their findings.

But so-called ‘gagging clauses’, which stopped people from discussing their salary with colleagues, remained and several other provisions were left out of the Act, including the gender pay audit.

The Act was supposed to finally end the years of discrimination women have faced – particularly in respect to pay. However, if anything, the survey reveals the pay gap is actually increasing. In last year’s survey, the pay difference between the combined median salaries of medical representatives, hospital specialists, NHS liaison officers and first-line managers was £1,539. But that figure has now leaped to £4,000 in the space of 12 months See figure 1).

Despite the pay gap increasing, women are again more satisfied with their salary than men with more than half (51%) of female respondents admitting to being happy with their remuneration. Needless to say the amount of men who said they were satisfied with their annual remuneration increased from 46% to 49%. But more surprisingly is that 61% of women believe they are on an appropriate salary, compared with 57% of men – maybe the Government’s ‘gagging’ clauses remained for a reason…

Experience and expectations

Although there are more men within the medical sales industry aged 55 and over than women, it is the fairer sex that has more experience within the industry in the early stages of their careers (see figure 2). More than double the amount of women (14%) have up to four years experience in the trade. Women who have worked within the sector for between four and eight years also marginally outnumber men. But more than three-quarters of male respondents said they have eight years of more total experience, compared with 67% of women.

When analysing the amount of time in a person’s current role, it would suggest that the Equality Act is bridging any divide or favouritism towards a certain sex. Exactly a quarter of men have been with their current employer for less than a year with women only one per cent behind. Results also found that employers would now seem to favour an evenly balanced workforce of men and women. In fact, more than a third of both men and women (37%;35%) have been in their current role for between two and eight years. Over that, 17% of men and 14% of women say they have been employed for nearly a decade by the same company.

Often accused by women as having commitment issues, it would seem men do have itchy feet after all with 40% admitting to wanting to move company or position within the next 12 months (see figure 3). More than a third (35%) of women also admit to considering a change of employer or role by this time next year. But a higher number of women (59%)compared to men (53%) said they were happy to stay with their employer and within their existing role.

What really matters

In the current economic state it’s no surprise that both men and women claimed that their salary was the main motivational factor whilst at work (see figure 4). With pharma companies still content on cutting budgets and wielding the axe on sales teams it’s also of little shock that job security is now the second most important factor for employees within the industry. Interesting when you consider in the 2009 survey job security just managed to make the top-twenty motivational factors. The number of redundancies has obviously taken its toll on all respondents within the last twelve months with more people than ever keen to hold on to their job.

Women put a greater emphasis on work-life balance than men who said the relationship with their immediate manager was of more importance. This opinion again may reflect a more maternal instinct and a willingness to find the right balance between time spent with the family at home and at work. Men also said that company culture was of more importance than women with females having a greater belief in products than male counterparts.

Where satisfaction within the workplace is concerned there is no separating men and women. Both sexes said that a belief in products, relationship with manager, accountability, autonomy and pension scheme were the top-five satisfying factors. As the survey suggests, men and women have never been more similar…