Health IT workers have a higher valuation than ever before as the industry feels the effects of the IT talent shortage, according to a Pivot Point Consulting study.
In the fourth quarter of 2017, Pivot Point conducted a survey of 488 U.S.-based industry professionals on their compensation and career motivation. Though these results are preliminary, the full report will be released at the 2018 Healthcare Information and Management Systems Society Conference and Exhibition in March.
Here are five things to know about the increased valuation and expectations of health IT professionals.
1. The average salary of full-time health IT employees increased 12 percent since 2015, growing from $93,960 to $107,146.
2. Nearly 49 percent of salaried full-time employees are expecting a salary increase in the next year at their current roles.
3. Almost every hourly consultant (97 percent) rated pay "important" or "highly important" when evaluating a potential contract.
4. Just over half (56 percent) of contracted consultants indicated they would consider taking a full-time position, while 94 percent of full-time employees said they would consider taking a consulting position.
5. Sixty-six percent of contracted consultants reported the option to telecommute or work remotely was a "considerable factor" or a "deal breaker" when considering a new role.
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