Hospital & Healthcare Compensation Service (HCS) is conducting its annual Assisted Living Salary & Benefits Study, and requests you let members know this important study is underway. The study covers ALFs, RCFs, and PCHs. Assisted living providers are asked to complete the study's questionnaire by November 9th. The study is published by HCS and supported by NCAL and LeadingAge.
There is a special discount for participants; the participant price is only $175, versus the $350 nonparticipant rate. Members can notify HCS they intend to participate, or request an extension past November 9th by emailing Rich Cioffe, rjcioffe@hhcsinc.com.
The report covers management salaries, nonmanagement wages, and fringe benefits. Last year's Report contained data from over 1,300 ALF/Personal Care facilities nationwide. Salaries and bonus payments will be reported according to unit size, profit type, revenue size, CBSA, state, region, and nationally. Both for-profit and not-for-profit data will be separately covered. Information on 18 fringe benefits will be reported according to region. Percent increases planned for 2021 will be reported for management, nonmanagement, RNs, LPNs, and CNAs.
Corp Comp Study
The HCS Corporate Compensation Study is also underway, deadline December 7th. The study covers executive compensation of top executives in long-term care facilities with $20 million+ revenue or oversight of multiple ALFs, CCRCs, and/or Nursing Homes.
The results report salaries + total compensation nationally by revenue size and include salary increases, pay policies, and executive benefits. Last year's report contained data from 100+ organizations. There is a tremendous savings for participants; the participant price is only $195, compared to the non-participant price of $675.
Both reports will be published in late January. HCS publishes ten annual compensation studies. Nationally known, their reports are recognized as the standard for reliable, comprehensive, and affordable compensation data for healthcare. Questionnaires can be downloaded at: https://www.hhcsinc.com/survey-questionnaires.html.