As healthcare organizations balance the effects of the recession, pay range adjustments see decreases while the time between increases grows. The 2011 Compensation Data Healthcare results revealed decreased pay range adjustments for all reporting healthcare organizations. The actual pay range adjustment of 1.7 percent in 2011 varied little from the 1.8 percent adjustment in 2010, but fell short of the projected 2.1 percent adjustment for this year.
Pay range adjustments are beginning to occur less often, with an average of 15.7 months since the last adjustment. In 2010, organizations reported a 14-month gap, a significant increase from 11.2 months in 2009.
“In light of the recent setback for the economy, employers may become even more cautious in the coming years,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefits survey data provider. “A conservative approach may soon become the norm instead of the exception for many organizations.”
Overall, healthcare organizations have remained almost constant in how they treat employees going over the range maximum. In 2011, 83.9 percent reported withholding increases, a small increase from 83.5 in 2010. In 2009, 81.1 percent of organizations reported withholding increases. Lump sum increases were reported by 76.3 percent of organizations in 2010 and 2011, increasing slightly from 75.5 percent in 2009.
About the Survey
Compensation Data 2011 Healthcare surveyed 250 industry-specific job titles and more than 350 benchmark titles ranging from entry-level to top executives. Data was collected from more than 1,100 healthcare employers reporting on nearly 5,300 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of January 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For more information about our compensation and benefit surveys, contact Michelle Willis at (800) 300-9570.