All nursing positions saw an average increase of 8.5 percent in median total compensation from 2021 to 2022, according to the latest MGMA report.
The "MGMA Datadive Management and Staff Compensation Data Report" reported on compensation benchmarks for positions ranging from C-suite to frontline. The report includes data on more than 157,000 management and staff positions from more than 2,940 organizations.
Here are seven more key takeaways:
- The average compensation for nurses has increased 19.37 percent since 2018.
- Five-year compensation trends were highest for certified nursing assistants at a 27.67 percent increase.
- Licensed practical nurses saw a pay increase of 18.7 percent from 2021 to 2022.
- Registered nurses and triage nurses saw hourly rates climb by $5.80 and $5.72, respectively, from 2021 to 2022.
- Registered nurses with 21 or more years of experience earned about $27,500 more than nurses with five years or less of experience.
- Recruitment and retention remained top challenges for organizations.
- Formalized diversity recruitment programs have not gained significant traction during the pandemic or the labor crisis.