Average salaries for executive directors at continuing care retirement communities (CCRCs) has grown almost 3.8% in 2022, with other community positions seeing even larger increases.
That’s according to the 25th annual CCRC Salary & Benefits Report from Hospital & Healthcare Compensation Service (HCS). The latest report, which HCS published with the endorsement of industry association LeadingAge, includes input from 421 CCRCs.
Average salaries for executive directors at CCRCs that also participated in last year’s survey hit $190,647 in 2021, according to the report. By comparison, the national average salary for CCRC directors of nursing (DONs) also increased, growing 5.49% in 2022 to land at an average of $108,191.
For staff RNs at CCRCs, average hourly wages rose to $36.26 in 2022, representing an increase of 7.7% in 2022. CNAs at CCRCs also saw a more than 10% pay increase this year on average, landing at $14.44.
The average pay increases occurred as many communities battled staffing shortages this year, and that is reflected in the survey’s results.
Just shy of one-third of respondents reported using contingency staffing for various community positions, and a little more than a quarter told HCS that they increased overtime for employees this year. And, almost 45% of respondents said they had adjusted pay for key employees in 2022.
Although operators of CCRCs have experienced many of the same challenges as other senior living operators as a result of the pandemic, they have not reached the occupancy lows felt by the rest of the industry.
Even so, occupancy is now bouncing back at non-CCRCs, “recovering three times faster than that of LPCs based on recent patterns,” according to a Ziegler report from May.
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