Innovation managers, the most highly valued in the healthcare sector

Innovation managers are the most highly valued in the healthcare sector. Research and development managers in the life sciences sector can go from a starting annual salary of $35,800 (€30,000) to more than $71,600 (€60,000) six years later, according to the Salary Trends Report, prepared by Randstad Research. 

The sector also offers good opportunities for intermediate profiles, such as business unit manager, key account manager, market access or medical advisor. The life sciences sector employs 214,500 people in Spain, which represents 1.1% of the country’s workforce. Life sciences is one of the most dynamic sectors with the most highly qualified profiles, according to the report. During the last year, an increase of 20,500 jobs was recorded. In total, nearly 85,000 contracts were signed in 2020, 80% of them temporary and the rest permanent.  

Read more about the healthcare sector and read the latest business headlines with our companion app Born2Invest.

The life sciences sector increased by 20,500 jobs in 2020, to more than 200,000 workers

For its part, the healthcare sector employs 1.8 million people, 9.3% of Spain’s workers. During 2020, healthcare experienced growth of 3.3%, which translates into 57,000 more jobs, the study notes. In the last year, the sector signed 1.16 million contracts, most of them temporary, accounting for 7.3% of all hiring. In terms of salaries, the sector is made up of watertight profiles with few increases in remuneration over the years. 

Positions such as auxiliary nurse, orderly, physiotherapist or social worker can have a starting salary of around $21.450 (€18,000) that after six years in the profession barely exceeds $23.800 (€20,000). The report stresses not to overlook training and the improvement of employability in order to opt for other professional categories. 

The healthcare sector is characterized by watertight profiles with little increase in remuneration 

Overall, the logistics and transport sector, one of the most dynamic, offers very well paid positions, such as that of the supply chain manager. 

On the other hand, salaries in Madrid, Barcelona and Bilbao are on average 9% higher than in Valencia, Seville and Malaga. “The best investment we can make is in training focused on professional skills and improving employability,” said Valentín Bote, director of Randstad Research. The executive added that we should bet on “training that is linked to our professional career, which allows us to respond to the needs of the labor market and access to higher categories.”

__

(Featured image by jarmoluk via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.