Salaries Continue to Rise in Hospitals and Health Systems
Sullivan, Cotter and Associates, Inc. Releases 2012 Survey of Manager and Executive Compensation in Hospitals and Health Systems
<0> Sullivan, Cotter and Associates, Inc.Brooke Gallagher312/564-5864 </0>
Sullivan, Cotter and Associates, Inc., a health care compensation and human resource management consulting firm, released the 2012 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%,” noted SullivanCotter Managing Principal . “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 is now available for . To order a copy, please visit the Sullivan, Cotter and Associates website at or email .
SullivanCotter is the leading independent consulting firm in the assessment and development of tailored total compensation and reward programs for the health care industry. For more than 20 years, the Firm has provided executive, physician and employee compensation and governance counsel to a wide variety of health care and higher education organizations, associations and foundations. A recognized leader in health care compensation benchmarking trends and analyses, SullivanCotter has also developed the most widely recognized physician and health care executive compensation surveys in the United States. Building from this unparalleled data, the Firm works closely with executives, boards and compensation committees to devise innovative solutions to attract and retain talent while satisfying business objectives and regulatory requirements. For more information visit sullivancotter.com or call 888.739.7039.