Patent & Trade Mark Salary Survey 2023
As the recruitment market remains as competitive as ever, salaries continue to stay in the spotlight with employees paying particular attention to not only their basic salary but bonuses and ‘softer benefits’ too. We are still seeing significant salary discrepancies across the market as well as in the way in which employee pay is structured but hope that the following document will help to make some sense of this.
Whilst we recognise that basic salaries will always be of interest, it is very rarely the only factor considered. The additional information following the salary tables is designed to give an insight into working conditions across the IP sector, as well as reflecting on points of interest raised by clients and candidates alike.
As with previous years, individuals are generally keen to look at a job offer / their current package in its entirety, taking into account not just the basic salary. We are seeing bonuses, earning potential and, increasingly, flexibility and work-life balance being important factors for a candidate to consider, and we expect this thought process to continue, particularly given the experience we’ve all gained from having to work from home during the Covid 19 pandemic. Nevertheless, remuneration remains an important factor in both attracting and retaining the best quality people.
As you will see from the salary figures, the bandings are quite wide and there are a number of factors that impact on where an IP professional could fall within the banding.