Nurses saw higher pay increases than other hospital employees, with the exception of hospital executives, according to a new report from Hay Group.
Compared with the average 2.6% increase for all employees, nurses at independent hospitals saw 2.5% increase in base salaries and total cash in 2014, compared to 1.8% salary increases and 2% total cash increases in 2013, according to Hay Group’s annual healthcare compensation survey. The survey polls more than 1,200 hospitals nationwide.
CEO base pay rates continued to grow faster than any other job titles, but short-term emphasis on profit has dropped at stand-alone hospitals. Additionally, roughly 38% of hospitals factored profit levels into annual incentives for executives and senior managers compared to 56% in 2013.