Hospital Compensation Growth Falls in Line with Larger Economy

John Commins, for HealthLeaders Media , November 1, 2010

The growth in total compensation for hospital workers and all workers—which includes wages, salaries, health insurance, pension plans, 401(k) matches, and other perks—has followed a similar downward trend since the fourth quarter of 2001, according to BLS data.

Total compensation for employees cost hospitals 6% more in the fourth quarter of 2001 than it did in the fourth quarter of 2000, while total compensation costs for all workers in the larger economy was 4.2% higher in 2001, according to the BLS.

During the first three quarters of 2010, however, the growth of hospitals' total compensation costs for employees had slowed to 2.1% when compared with the first three quarters of 2009, and about 1.8% for all workers for the same three quarters. 


John Commins is a senior editor with HealthLeaders Media.

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