ARMONK, N.Y. (PRWEB) April 10, 2018 -- According to the 2018 Hospital Executive Compensation Report published by Total Compensation Solutions (TCS) the average bonus for a hospital CEO is 33.2% of base salary. Project Manager Tom Bailey noted: “We saw a wide range of bonuses from 0% to 269% of base salary with approximately 76% of hospitals reporting they actually pay their CEO a bonus.” TCS observed one of the strongest factors in determining the size of bonuses paid to hospital CEOs is revenue size in addition to the standard performance metrics used in the hospital industry.
TCS also observed the average bonus range for five key executive positions (excluding the CEO) is 19.2% to 30.6% of base salary.
This new report on hospital executive compensation includes data from 1,332 hospitals across the United States, 27 executive and director level job titles and compensation data for approximately 5,000 executives. The 2018 Hospital Executive Compensation Report provides peer groups for: six revenue cuts, five regional cuts, three cost-of-labor cuts (high/medium/low) and for select job titles seven major metro area cuts. The compensation data is displayed by average; 25th, 50th & 75th percentiles for: base salary, bonus, total cash compensation (base salary plus bonus) and total remuneration (TCC plus benefits). We also report on the amount of retirement, non-taxable benefits and other income included in the total remuneration total.
Copies of the 2018 Hospital Executive Compensation Report are available from TCS (http://www.total-comp.com). If you have questions regarding this report, please call TCS at (914) 730-7300 or email questions to: Tom Bailey tbailey(at)total-comp(dot)com or Paul Gavejian pgavejian(at)total-comp(dot)com.
Total Compensation Solutions is an independent human resources consulting firm that assists clients in achieving their strategic compensation objectives. The firm uses market data to identify best practices in a variety of topical areas including: board compensation; executive, middle management and staff compensation; performance management; organization structure; health and welfare; and retirement benefits. From offices in Armonk, NY, TCS gathers and reports information on compensation, personnel practices and benefits and as a trusted advisor to management applies the most effective, market-driven solution to each organization’s unique set of circumstances. TCS provides comprehensive compensation consulting services to organizations in a variety of industries. For more information, visit http://www.total-comp.com or contact us at:
Total Compensation Solutions
200 Business Park Drive
Armonk, NY 10504
Phone: (914) 730 – 7300
Fax: (914) 730 – 7303
Thomas Bailey, Total Compensation Solutions, http://www.total-comp.com, +1 (914) 730-7300, [email protected]
SOURCE Total Compensation Solutions