While Healthcare Salaries Increase, More is Needed to Retain Employees

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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