Pharmacy Market Report

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I am delighted to be able to present to you the 7th edition of the Raven’s Recruitment Pharmacy Salary and Market Report 2024.

Since 2018 we have committed to providing a comprehensive guide for those seeking to understand salary movements within the pharmacy industry and the key trends impacting the sector over the past year.

In addition to presenting our salary survey data for both locum and permanent roles across Australia and New Zealand, the report includes valuable insights and contributions from industry leaders and pharmacy professionals.

For pharmacy employers, it offers an opportunity to see the salary ranges across the Australian pharmacy market and assess just how competitive their pharmacy is from a salary perspective, as well as insight into the current market conditions and availability of pharmacists.

For job seekers, it provides assistance in determining the value of their skills to both prospective and current employers, as well as giving them some ‘real’ information based on what our employers are actually offering.

As we reflect on the past year and look forward to the future, it is essential to understand the evolving landscape of the pharmacy profession in Australia. The pharmacy sector has faced significant changes and challenges, particularly with the Federal Government’s introduction of 60-day dispensing this past year.

Enhanced scope of practice means pharmacists are now expected to deliver a range of clinical services, from vaccinations to medication management for chronic diseases. While this is a positive development for public health, it presents a significant challenge: finding pharmacists with the right skills to meet these new demands. This skills gap is becoming increasingly evident as pharmacies strive to keep up with the changing landscape.

Employers are increasingly seeking candidates with additional qualifications in clinical pharmacy, chronic disease management, and patient counselling. Pharmacists who invest in these areas are likely to find more robust employment opportunities.

The recent release of the 8th Community Pharmacy Agreement (8CPA) has ushered in a new era of confidence within the pharmacy sector, offering financial stability, expanding professional roles, and instilling confidence in hiring practices. For community pharmacists, this agreement not only secures their future but also presents numerous opportunities for growth and development. We are hopeful that employers can now plan more effectively for the future, attracting skilled pharmacists with the promise of a stable and well-supported career path, ultimately enhancing the overall quality of care provided to communities.

On behalf of the Raven’s Recruitment team, I hope the insights and salary guide serve as a resource that you can rely on in making vital business decisions over the coming year. We look forward to discussing it with you soon.

Kind regards,

Heidi Dariz
General Manager of Raven's Recruitment
5 July 2024