Are Pharmacist Salaries Going Down?

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Are Pharmacist salaries going down in the current economy? In any kind of job market, salaries are based on the value you contribute and the market supply/demand. Because the cheaper has led to a tighter pharmacist job market, it is a reality that 1) companies are experiencing allocation cuts, 2) pharmacist layoffs lead to increased contribute of pharmacists. Here are trends we have noticed in the pharmacist job market:

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Pharmacies may be less compassionate with relocation or sign-on bonuses. Pharmacist salaries are stabilizing and don't seem to be addition as in former years, nor decreasing significantly.

Some hospitals aren't paying for pharmacists to tour to interview, because they are on smaller budgets than before. You should not expect that you have as much negotiating room for salaries as former years. The competition is tough out there, so perceive that person equally superior may be willing to work for a salary that you may think it's not enough.

Pharmacist salaries are stabilizing and don't seem to be addition as in former years. Don't expect that you have as much negotiating room for salaries as former years. I know an patient pharmacist who took a hiatus in her work for practically a year & is wanting to get back into hospital or home infusion. She had an opportunity that she could get back into but she was out of touch with how the pharmacist job market has shifted, and felt that the salary was not contentious enough. She is still out of a job months later because of this.

If you are a relief pharmacist, you may have noticed that temporary staffing needs have decreased in positive areas (partly because they are being filled by full-time pharmacists more effortlessly in this tough market). The pharmacist staffing companies are experiencing a cut in what pharmacies are paying and I have seen some agencies decrease the whole they are paying pharmacists because expenses of the services & costs of doing company of an agency don't decrease just because it's a tighter job market.

Review results of the most recent National pharmacist salary witness conducted: http://www.pharmacistjobconnection.com/pharmacist-salaries/

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