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Five Things Most NPs and PAs Don’t Know About Salary

Posted on December 19, 2018   |   by   |   Advanced Practice Provider, Career Development, Job Seekers, Salary

We all want to uncover the secret to earning top dollar. What’s fair compensation for your NP or PA role?

To earn what you’re worth, you need to know the facts. Our Melnic Advanced Practice Salary Guide is a free resource for Nurse Practitioners and Physician Assistants. The 2018 edition has fifteen information-packed pages to help you discover the answers to the following questions, and more!

1) Your NP or PA Salary Might be Low. Here’s What to Do.

Our 2018 Melnic Advanced Practice Salary Guide suggests that compensation has hit a plateau. Other studies say that 60% of practitioners didn’t experience a significant salary increase in the last year. It’s not all bad news, though! See page 4 for ways to earn what you’re worth: 1) Do your research 2) Learn to negotiate 3) Get the most out of your employer-provided benefits.

2) Your Benefits are Worth More Than You Think

You might be surprised to learn that benefits usually comprise 22-30% of your base salary and include paid vacation, retirement funds, licensing reimbursement, bonuses, and more! There’s one often-overlooked benefit that has the most potential to develop your career and make your employer happier too. It’s on page 7.

3) Which States are Best for NPs and PAs to Earn Money

How far would you go to get an extra $10,000 or $20,000? It depends, right? Housing prices vary widely across the US, as do state income taxes. The true value depends on differences in the cost-of-living between your current location and the one you’re considering. So, the question you should be asking is just how far that extra cash will go for you. Find out on page 8.

4) Which Pays More: Inpatient or Outpatient

The differences between working in an Inpatient or Outpatient practice attract people with different life goals. And there’s nothing wrong with that! But if you want to maximize your earning potential, flip to page 12. We explain why an inpatient work environment may be a better fit for you.

5) How to Make $25,000 More as an NP or PA

Wondering when your skills and clinical experience will pay off? On page 11, our data suggest that APRNs and PAs, trend toward the following incremental increases, regardless of specialty area.
– During the first two years on the job, expect your salary to go up by $3,000.
– As you reach five years of experience, your salary could grow by an additional $6,000.
– Between five and ten years of experience, you can look forward to $10,000 more.
– Then, with ten years experience, you can expect an additional $8,000 to be added to your salary

The answers to these questions and more are waiting for you in our free resource, the Melnic Advanced Practice Salary Guide.

Take our anonymous survey by December 31, 2018. You’ll get an email with details on our limited-time Rewards Program! Plus, you’ll receive our 2018 Salary Guide right away for free.

Get In-Depth Salary Data:
Take the 2018 Melnic Salary Survey!

Everyone loves our Advanced Practice Salary Guide! We just heard from a physician who said he’s using the data to help his NP get a pay raise. Don’t miss out! The new 2019 Melnic Salary Guide will be released in January to everyone who participates, with bonus content for making the New Year your most rewarding yet.

Job Satisfaction is More than Just a Great Salary

When looking for a new job, financial rewards are important. But, a truly satisfying job will also support your career development, allow you to practice to the full extent of your capabilities, and help you achieve your desired quality-of-life.

Melnic is a nationwide search firm focused on Advanced Practice placements for APRNs and PAs. To take advantage of our specialized job matching services review our current job opportunities and join the Melnic network. The best part? There is never a fee for candidates to work with us!

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