Assisted living CEOs/presidents saw a 2.83% salary increase from 2014 to 2015, and assisted living administrators saw a 2.47% increase in that time, according the 18th annual “Assisted Living Salary & Benefits Report,” just published by Hospital & Healthcare Compensation Service. The data represent the percent increase of salary from the same group of participants year-to-year.
CEOs/presidents averaged salaries of $139,580 in 2015, up from $135,744 in 2014. Administrators made, on average, $81,900 last year, up from $79,922 the previous year.
Across all job categories — management, nonmanagement and care positions — average national increases in base pay exceeded 2.5%.
The report includes responses from 1,286 assisted living communities — 1,153 for-profit and 133 not-for-profit — that provided compensation data related to 64,362 employees in 20 management and 29 nonmanagement positions nationwide. Data are reported according to for-profit and not-for-profit status, revenue size, unit size, state, county and geographic region. Also covered are 18 fringe benefits, turnover rates by department and projected salary increases for 2016. Data are effective as of October.
Available for purchase for $325, the report is published in cooperation with LeadingAge and is supported by the National Center for Assisted Living.