How to Calculate Compensation for NPs, PAs, CRNAs,& CNS
How to Calculate Your Compensation for NPs, PAs, CRNAs, and CNS
Inspired by Jason Fisher-Beck PA-C
To negotiate a raise you need to calculate your total compensation. Total compensation is Salary + Benefits. It is helpful to understand your W2, it is not uncommon for NPs, PAs, CRNAs and CNS to not know how much they make. It is even harder to understand the value of your benefits.
Of Salary Survey Respondents from the 2020 APP Salary Guide:
75% have a 401K
84% have an average amount of retirement funds matched by employers of $9,000
11% are matched at $10,000- $20,000
5% are matched at greater than $20,000
59% receive an annual salary increase
78% receive funds for continuing education
Continuing education funds range from $500 to $25,000, with 40% of APPs receiving $1,500-$2,500, 13% receive $500-1,000, 11% between $3,000 and 5,000.
71% have healthcare benefits
78% received life and disability insurance
28% have protected time
38% have some sort of funds for tuition for higher education
Other benefits to consider when NPs, PAs, CRNAs, and CNS Calculate their Compensation:
Licensing for state RN, APRN, PA, DEA
Certifications BLS, PAL, ACLS
Relocation
Sign-on bonus
Education reimbursement
Amount of annual increase
To calculate compensation, NPs, PAs, CRNAs, and CNS you want to understand the total value of your salary and benefits. If you do not receive any or some of these benefits you can negotiate for additional salary to offset the loss of benefits.
Total calculated for 20%, 25%, and 30% of total compensation allocated to benefits
| For a Salary of: | @20% | @25% | @30% |
| $ 90,000 | $ 112,500 | $ 120,000 | $ 128,571 |
| $ 95,000 | $ 118,750 | $ 126,667 | $ 135,714 |
| $ 100,000 | $ 125,000 | $ 133,333 | $ 142,857 |
| $ 115,000 | $ 143,750 | $ 153,333 | $ 164,286 |
| $ 120,000 | $ 150,000 | $ 160,000 | $ 171,429 |
| $ 125,000 | $ 156,250 | $ 166,667 | $ 178,571 |
| $ 130,000 | $ 162,500 | $ 173,333 | $ 185,714 |
| $ 135,000 | $ 168,750 | $ 180,000 | $ 192,857 |
| $ 140,000 | $ 175,000 | $ 186,667 | $ 200,000 |
NPs, PAs, CRNAs, and CNS Calculate Compensation with these Benefits Calculator and Resources:
Household Health Spending Calculator
2019 Employer Health Benefits Survey: Review data to understand the increase in healthcare cost
Paycheck Impact Calculator: Evaluate the impact of taxes and retirement contribution on pay
What is a 401k: Understanding your 401k
Fidelity job change calculator: evaluate the impact of of changing jobs on finances
What is my total compensation package worth?
Complete the newest APP Salary Survey by Melnic and receive the 2021 Results, coming soon!
Looking for a job? Visit jobs@melnic.com
Jill Gilliland is President of Melnic an APRN and PA national recruiting company. Jill is a speaker and publicist on areas such as job strategies, branding and marketing, pediatric critical care needs, and additional topics relevant to pediatric nursing and the recruitment business. She has over 12 years of experience in the recruiting industry coupled with a strong sales, healthcare, and technology background. Jill holds a BS degree in Business from the University of Southern California and an MBA from The University of Virginia, Darden Business School. Connect with Jill Gilliland on LinkedIn.