The “MGMA Datadive Management and Staff Compensation Data Report” reported on compensation benchmarks for positions ranging from C-suite to frontline. The report includes data on more than 157,000 management and staff positions from more than 2,940 organizations.
Here are seven more key takeaways:
- The average compensation for nurses has increased 19.37 percent since 2018.
- Five-year compensation trends were highest for certified nursing assistants at a 27.67 percent increase.
- Licensed practical nurses saw a pay increase of 18.7 percent from 2021 to 2022.
- Registered nurses and triage nurses saw hourly rates climb by $5.80 and $5.72, respectively, from 2021 to 2022.
- Registered nurses with 21 or more years of experience earned about $27,500 more than nurses with five years or less of experience.
- Recruitment and retention remained top challenges for organizations.
- Formalized diversity recruitment programs have not gained significant traction during the pandemic or the labor crisis.
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