Educational assistance and 401(k)/403(b) plans are among the fringe benefits highlighted nationwide in the 5th Annual Nursing Home Salary & Benefits Report, published by Hospital & Healthcare Compensation Service.
“There are no surprises in the ups and downs of regional benefits data,”
HCS Director of Reports Rosanne Zabka told the McKnight’s Business Daily.
Nationally, 100% of respondents provide some educational assistance to both clinical staff and managers. On average, employers paid 85.6% of the university education costs of clinical employees, compared to 61.7% for management.
The amount of aid provided varied greatly from region to region.
Of the nine regions covered in the report, the mountain region — Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming — leads the nation with 100% clinical associate compensation among respondents. Meanwhile, 59.5% of responding providers in the South Atlantic region — Delaware, Washington, DC, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia — said they provide educational assistance for college clinical courses. Staff members.
Participating providers in the East North Central region – Illinois, Indiana, Michigan, Ohio and Wisconsin – lead the nation by providing educational assistance to management at a 95.9% rate. On the other hand, 18.5% of facilities in the New England states — Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont — provided assistance.
Nearly every nursing home surveyed in the United States offers 401(k)/403(b)/defined contribution plans. About two-thirds of the respondents indicate that employees’ contributions are geared to their pension savings. Employers agreed to an average of 3.7% nationwide.
The annual reference book is produced annually in collaboration with the American Health Care Association and approved by LeadingAge. The full report includes data from 1,283 nursing homes with more than 119,000 employees. It is for sale on the HCS website; Members of AHCA and LeadingAge receive a discount.