McKnight’s reported on the Hospital & Healthcare Compensation Service, which just released its “Continuing Care Retirement Community Salary & Benefits Report 2018-2019,” in conjunction with LeadingAge. Nursing home administrators in continuing care retirement communities saw their pay increase according to a new survey. On average, salaries for such leaders swung upward by about 2.14%, year over year, to almost $114,000 in 2018. The same administrators earned about $111,500 the previous year.
Meanwhile, those working as assistant nursing home administrators in CCRCS — also referred to as “life plan communities” — saw their pay jump by about 3.24%, year over year, up to nearly $80,0000.
This year’s study incorporates information from 520 CCRCs, encompassing nearly 80,000 employees.
Nursing home administrators at these communities received an average bonus, meanwhile, of about $13,500, representing about 12% of annual salary. Those working at smaller campuses, with less than 300 units earned a little less on average ($108,000) when compared to their counterparts in larger facilities of 300-plus units ($117,000).
This is the 21st annual iteration of the salary survey, which also includes pay info for 46 management positions, and another 53 non-management titles. The full report is available online for $350, or $275 for LeadingAge members.