Assisted living CEOs, administrators see pay increases in 2016

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Assisted living CEOs, administrators see pay increases in 2016
Assisted living CEOs, administrators see pay increases in 2016

Assisted living CEOs/presidents saw a 2.19% salary increase from 2015 to 2016, and assisted living administrators saw a 2.25% increase in that time, according the 19th annual “Assisted Living Salary & Benefits Report,” released Jan. 23 by Hospital & Healthcare Compensation Service.

CEOs/presidents averaged salaries of $142,704 in 2016, up from $139,648 in 2015. Administrators made, on average, $77,456 last year, up from $75,753 the previous year. The comparison data are based only on answers received from communities participating in both this and last year's surveys so may differ from dollar amounts reported in previous reports, according to the Hospital & Healthcare Compensation Service.

Top leaders at assisted living communities make less than their counterparts at continuing care retirement communities, who, in turn, make less than the CEOs/presidents at nursing homes, according to the report. The highest salaries for assisted living administrators, on the other hand, are at assisted living communities.

This year's report contains data from more than 1,300 assisted living communities, according to Katie Smith Sloan, president and CEO of LeadingAge, which cooperated in the production of the report. The National Center for Assisted Living also supported the research. The report is available for purchase for $350.

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