A compensation survey by Chicago-based Sullivan, Cotter and Associates, Inc. found modest increases in manager and executive salaries in 2012.
The survey found that among health systems and hospitals that participated in both 2011 and 2012, base salaries increased on average by 2.8 percent and 2.5 percent, respectively. Increases are consistent with the projected 2012 salary increases for health systems of 2.9 percent. However, increases for hospitals are slightly lower than the projected 2012 salary increases of 2.9 percent.
“Moderate salary increase budgets continue to be the trend – the reported data indicate projected manager and executive salary increase budgets will hover around 3 percent,” notes SullivanCotter Managing Principal Tom Pavlik. “In addition, we saw a decline in the number of systems and hospitals that provided no salary increases last year.”
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.
The complete survey is available for purchase at www.sullivancotter.com/.
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