Salaries for employees at nursing homes have increased in the last year, recent salary and wage data show.
The top five highest paid positions within the industry increased more than 2% on average this year, according to the 2015-2016 Nursing Home Salary & Benefits report, published by Hospital & Healthcare Compensation Service (HHCS). HHCS is a subsidiary of Oakland, N.J.-based John R. Zabka Associates, Inc. LeadingAge, an association mainly of nonprofit aging services organizations, partners on the reports.
The 38th annual report includes data from 2,089 nursing homes, representing both for-profit and nonprofit facilities. More than 70% in the sample are Medicare certified.
Among managerial positions, executive directors brought in the biggest paycheck, making $171,008 on average this year—jumping 2.16% from last year’s average of $167,390.
Chief financial officers were the second highest paid position, making $123,070 on average this year. That’s an increase of 2.50% from last year’s $120,073.
Rounding out the top five highest paid nursing home positions were nursing home administrators with $119,197; controllers with $104,039; and directors of therapy/rehabilitation with $97,493.
HHCS also recently released a separate report on continuing care retirement community (CCRC) pay. That showed nursing home administrators at CCRCs have seen salaries rise an average of 2.82% in the last year, to reach $103,893.
Written by Cassandra Dowell