While Healthcare Salaries Increase, More is Needed to Retain Employees

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Despite the creation of 475,000 new healthcare jobs in 2015 to handle this growth (according to U.S. Bureau of Labor Statistics data), there’s still a shortage of key positions, making it a job-seeker’s market, according to Health eCareers, an online career hub.

Its annual Healthcare Salary Guide, based on a survey involving nearly 20,000 healthcare professionals show that 87% are making more or the same as a year ago, yet nearly half are actively looking for better opportunities and their confidence is high.

Of those studied, 29% said they anticipate changing employers in the next year, 30% have no plans to change and 41% are unsure. What’s more, 86% are confident they could find a new position.

The top reasons given for seeking new employment were higher pay, more rewarding and challenging work, better working hours and wanting to work for a different organization.

While 61% offer some type of incentive to retain employees, this represents just a 1% increase from last year, and 39% offer no motivator at all.

Average annual salaries by position compared to 2015 data:

  • Physicians and surgeons  – $255,648, a 2.5% increase
  • Healthcare executives – $134,632, a 12.9% decrease
  • Physician assistants – $105,856, a 4.3% increase
  • Nurse practitioners – $100,549, a 5.3% increase
  • Healthcare IT – $91,251, a 2.2% increase
  • Nurses – $61,875, a 3.1% decrease

When it comes to their jobs and employers, 57% report being happy, but a sizeable 43% are actively looking for better opportunities.

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ADVANCE Staff

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