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How to Calculate Compensation for NPs, PAs, CRNAs,& CNS

Posted on April 2, 2021   |   by   |   Advanced Practice Structure, Employers, Job Seekers, Negotiations for NPs and PAs, New Grads

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

401K for Dummies

Fidelity job change calculator: evaluate the impact of of changing jobs on finances

What is my total compensation package worth?

How to read your W2

Complete the newest APP Salary Survey by Melnic and receive the 2021 Results, coming soon!

Looking for a job? Visit jobs@melnic.com

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