Residential (independent lining) administrators in continuing care retirement communities, also known as life plan communities, saw an average pay increase of 1.43% in 2018, according to the “Continuing Care Retirement Community Salary & Benefits Report 2018-2019” issued by the Hospital & Healthcare Compensation Service in cooperation with LeadingAge.
The average national salary for the position went from $88,958 in 2017 to $90,229 in 2018, based on information submitted by communities that participated in the research both years.
A total of 520 CCRCs responded to the survey this year.
The national average salary for residential administrators in communities with up to 299 units/beds was $74,886, and it was $89,332 in communities with 300 or more units/beds.
Residential administrators averaged yearly salaries of $86,138 working for operators with annual revenues of $20 million up to (but not including) $30 million and $93,235 working for operators with annual revenues of $30 million or more.
The 21st annual study provides compensation data on more than 79,000 employees, covering 46 management and 53 nonmanagement positions. Findings are reported according to revenue size, total unit size, geographic region, state and core-based statistical areas. The report also includes data on 18 types of fringe benefits, turnover rates by department and projected salary increases by department.
Eighty-two percent of participating communities were not-for-profit (45% of which reported being religiously affiliated), and 18% were for-profit.
The report is available online for $350, or $275 for LeadingAge members.