As hospitals balance the effects of the recession, pay range adjustments see little change while the time between continues to grow. The 2012 Compensation Data Healthcare results revealed the actual pay range adjustment of 1.8 percent this year varied little from the 1.7 percent adjustment in 2011, and was in line with the projection of 1.8 percent for 2012.
Pay range adjustments are continuing to occur less often, with an average of 16.5 months since the last adjustment. In 2011, organizations reported a 15.7-month gap, a significant increase from 11.2 months in 2009.
“Employers are continuing to remain cautious, even as the economy begins to regain its footing,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefits survey data provider. “A conservative approach has now 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 2012, 84.8 percent reported withholding increases, a small increase from 83.9 in 2011. Lump sum increases were reported by 74.8 percent of organizations in 2012, decreasing from 76.3 percent in 2011.
About the Survey
Compensation Data 2012 Healthcare surveyed more than 250 industry-specific job titles and 400 benchmark titles ranging from entry-level to top executives. Data was collected from more than 8,100 healthcare providers across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of January 1, 2012.
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.