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 2019 edition has sixteen 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 2019 Melnic Advanced Practice Salary Guide suggests that compensation has hit a plateau. Over the last several years of monitoring salary trends, we’ve seen average annual increases around 2-3%.
In the near future, we predict that organizations will shift away from annual merit-based pay raises and rely on new incentive models and bonus structures for their Advanced Practice Providers. Check out page 13 for three ways you can maximize your value and earn every penny you’re worth. Empower yourself with knowledge and set yourself up for a profitable future!
2) Why 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! We asked your NP and PA peers what benefits they receive in addition to healthcare coverage. Over 97% receive retirement contributions but only 20% receive tuition reimbursement. Curious how your benefits stack up? Check out our benefits comparison on page 10.
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 7.
4) How Much Advanced Practice Leaders Make
Interested in stepping up to a leadership position? Discover how much more money you could earn as an Advanced Practice Manager, Advanced Practice Director or even a Chief Advanced Practice Officer! Flip over to page 8.
5) Why Protected Time Matters to Your Job Satisfaction
Protected time leads to greater job satisfaction, more productivity, and increased profitability for Advanced Practice Providers. Yet the majority of Advanced Practice Providers don’t have allocated time during the week to take care of administrative tasks and professional development activities. On page 11, we explain why employers should rethink their protected time policies.
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 July 31, 2019. You’ll automatically be entered to win a $150 Amazon Summer Shopping Spree! Plus, you’ll receive our 2019 Salary Guide right away for free.
Everyone loves our Advanced Practice Salary Guide! We recently 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 2020 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!
Editor’s Note: This blog post was initially published in December 2018. It was updated in July 2019 to provide the most current information from our annual Advanced Practice Salary Guide.