Salaries Continue to Rise in Hospitals and Health Systems

SullivanCotter, a health care compensation and human resource management consulting firm, released the 2012 Survey of Manager and Executive Compensation in Hospitals and Health Systems. A key finding of this year’s survey was that among health systems and hospitals that participated in both 2011 and 2012, base salaries increased on average by 2.8% and 2.5%, respectively. Increases are consistent with the projected  2012 salary increases for health systems of 2.9%. However, increases for hospitals are slightly lower than the projected 2012 salary increases of 2.9%.

“Moderate salary increase budgets continue to be the trend – the reported data indicate projected manager and executive salary increase  budgets will hover around 3.0%.”

“Moderate salary increase budgets continue to be the trend – the reported data indicate projected manager and executive salary increase  budgets will hover around 3.0%,” noted SullivanCotter Managing Principal Tom Pavlik. “In addition, we saw  a decline in the number of systems and hospitals that provided no salary increases last year.”

In its twentieth edition, this survey has become a respected industry resource. More than 300 health systems and 980 hospitals participated in the survey, submitting data for nearly 23,600 executives and managers between February and June 2012. Not only does it provide cash compensation data for executive and management jobs in hospitals and health systems, but it also includes data on pay practices, short- and long-term incentive plans, supplemental benefits, perquisites, supplemental and nonqualified retirement plans and much more.

The 2012 Survey of Manager and Executive Compensation in Hospitals and Health Systems is now available for purchase. To order a copy, please visit the Sullivan, Cotter and Associates website at www.sullivancotter.com or email surveys@sullivancotter.com.

 

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