Clinical trial staffing is a growing market, with demand beginning to outstrip the supply of qualified clinical research associates (CRA’s). This leaves contract research organizations (CROs), the traditional providers of clinical research services, in a bind. Increased competition has driven up wages and incentives to reduce attrition, which is only one of the issues that CROs must contend with in the current clinical trial landscape. These industry trends are highlighted in a recent Clinical Leader article by Mathini Ilancheran, principal analyst, R&D, Beroe Inc.
One trend, according to Ilancheran, is, “There’s a huge supply-demand gap for clinical talent, a challenge largely of the industry’s own making. The average total turnover rate for CRAs is roughly 20%, and 48% of CRAs stay in their positions for one to two years before changing jobs. Salary expectations, the need for higher compensation, and lack of a clear career path are some of the reasons for this high attrition.”
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(Source: Clinical Leader, May 6th, 2022)
