CMIO magazine conducted its third annual Compen$ation Survey between Nov. 21 and Jan. 6, garnering 217 responses. “Changes in salary since last year are minor, according to our survey,” the magazine notes. “The number of those on the highest end of the scale remained about the same as last year, but there was a shift in the lower pay categories. Slightly more earn a salary of $100,000 or less (14 percent compared with 12 percent last year). Seventeen percent make a salary of $300,000 or more, a number unchanged from last year. Twenty-six percent earn salaries between $100,000 and $200,000 compared with 24 percent last year; and 43 percent make between $200,000 and $300,000 compared with 47 percent last year.”
Sixty-six percent of respondents expected to receive a raise this year and 53% expect a bonus. Twenty-six percent are somewhat or very dissatisfied with their salary, compared with 21 percent last year.
The largest age category was 41-45, down considerably from 51-55 a year ago. That may indicate a trend toward younger, more computer-savvy physicians viewing the CMIO post as attractive earlier in their careers, according to the magazine. Thirteen percent of survey respondents were women compared with 8 percent a year earlier.
This year, 51 percent of responding CMIOs expect no change in their workload, down considerably from nearly three-quarters a year ago. It is possible, according to CMIO, that respondents already have had increases in their workload and now expect to just maintain that higher level.
More survey results are available here.