Study Shows 2.61% Planned Salary Increase for LTC Corporate Execs in 2019
February 2019-- The 2018-2019 Multi-Facility Corporate Compensation Report, just published by Hospital & Healthcare Compensation Service (HCS), reported an average planned salary increase of 2.61% in 2019 for long-term care corporate positions. The results include larger revenue CCRCs/Nursing Homes, as well as multi-site organization executives. The revenue size of participants ranged from $25 million - $5 billion.
Below is a comparison of the Top Human Resources Executive (CHRO) by LTC revenue size.
CHRO
Long-Term Care
National Average
Category A |
Category B |
Category C |
$116,249 |
$160,195 |
$297,647 |
Source: 2018-2019 HCS Multi-Facility Corporate Compensation Report
Total compensation, national average
In a national comparison by revenue size, CHRO total compensation pay ranged from $116,249 in those with revenue less than $50 million; $160,915 in revenue size of $50 million - $ 100 million; and $297,647 for those with revenue greater than $100 million. Data reported reflect the national total compensation average.
97.70% of long-term care systems offered 401(k)/403(b) plans. Participants reported an average match of 4.25% of salary, with an average maximum contribution of 4.60%. The average eligibility period decreased from 6.35 months in 2017 to 5.80 months in 2018.
The 2018-2019 Multi-Facility Corporate Compensation Report contains data from 100+ multi-facility companies. The results contain three studies in one Report and report salaries and total compensation separately for long-term care, hospital, and home health/hospice systems. Data are reported nationally by individual healthcare type according to organization revenue size. It also includes data on pay policies and corporate benefits.
The complete 120-page Report is available for $675 from HCS. In addition to the hard copy or PDF version, the results are available in Excel. To order go to www.hhcsinc.com or call (201) 405‑0075.
With over 45 years’ experience in national healthcare salary and benefits research, Hospital & Healthcare Compensation Service is recognized for its comprehensive, responsible and reliable ten specialized Reports. HCS provides the source for establishing and maintaining an effective compensation program. A must for any human resource team!
