PApsychiatry Posted April 27, 2022 Share Posted April 27, 2022 We all know inflation rates have been crazy these last couple years. Are you all seeing your salary reflect that? How much is your typical "raise" and how often are you renegotiating? 1 Quote Link to comment Share on other sites More sharing options...
MediMike Posted April 27, 2022 Share Posted April 27, 2022 The idea of inflation guided wage raises kind of peters out when you start hitting the higher income brackets IMO. Does a loaf of bread costing $0.50 - $1 more really affect us? Does a dozen eggs cranking up on the register bill have an impact on whether we can make rent or not? When you're looking at someone who makes $35k/yr or $50k/yr and are supporting a family on it? That's the big impact. Of course I suppose any of us could be bad at managing money and be in this spot. Physicians don't get an inflation guided raise, nor do most high earners (in my experience). With that being said, we renegotiated q3 years or so and we fought and got a 6% raise, more do to increased responsibilities, day time coverage etc. Quote Link to comment Share on other sites More sharing options...
Administrator rev ronin Posted April 27, 2022 Administrator Share Posted April 27, 2022 Cost of living and cost of labor are neither closely nor intrinsically related. 1 Quote Link to comment Share on other sites More sharing options...
Cideous Posted May 1, 2022 Share Posted May 1, 2022 I have seen PA salaries decline in the last 8 years with the deluge of new PA/NP grads. Quote Link to comment Share on other sites More sharing options...
Administrator rev ronin Posted May 2, 2022 Administrator Share Posted May 2, 2022 5 hours ago, Cideous said: I have seen PA salaries decline in the last 8 years with the deluge of new PA/NP grads. Basic supply and demand. Quote Link to comment Share on other sites More sharing options...
MediMike Posted May 2, 2022 Share Posted May 2, 2022 5 hours ago, Cideous said: I have seen PA salaries decline in the last 8 years with the deluge of new PA/NP grads. I have not, in fact I'm pretty sure we've consistently been on an upward trend over the last 10 years excluding the COVID era. https://www.myparesource.com/blog-1/physician-assistant-salaries Quickest source I found Quote Link to comment Share on other sites More sharing options...
greenmood Posted May 2, 2022 Share Posted May 2, 2022 My hospital system does not give out merit based raises. We get a small raise each year. I call it "cost of living" but it doesn't match much in the outside world. They say it's market-based. It's calculated on a multiplier of your current salary and your spot in the pay range for the job, so there are tiny differences for each person. Mine has averaged 3% +/- 0.5% for many years. This year the nurses freaked out and coordinated and admin was afraid there would be mass resignations, so they gave all exempt (non-physician) employees at least 4% and bumped the hourly rate of the people who are paid on the clock. Quote Link to comment Share on other sites More sharing options...
Patho Posted May 2, 2022 Share Posted May 2, 2022 (edited) My 5% retention raise was frozen last year so I essentially got a pay cut with inflation the way it is, so I resigned and got a better offer somewhere else. Usually I leave every 3-4 yrs to get a decent pay bump but that’s the game and I don’t mind playing it as long as it makes sense. I would be ok with an annual 4-5% raise. However as a new grad, I would stay a good 2-3 yrs to establish work history and learn as much as possible before looking for more money. Edited May 2, 2022 by Patho 1 1 Quote Link to comment Share on other sites More sharing options...
ShakaHoo Posted May 5, 2022 Share Posted May 5, 2022 Home heating oil $6.20 a gallon where I live. PA-C salary won't hold up very long against those prices. Quote Link to comment Share on other sites More sharing options...
Moderator ventana Posted May 5, 2022 Moderator Share Posted May 5, 2022 yeah economy is in shambles. gotta let up - the $1000's and $1000 of free money and proping up the economy through covid is finally taking effect, and the bad luck of having Ukraine going on right now just confounds it...... no simple answers I know that the $29 pulse ox from 2 years ago is now $44 That the trades are raising their prices faster then I have eer seen (30-50% increases) Used cars are selling for almost as much as new something has to give..... 1 Quote Link to comment Share on other sites More sharing options...
sas5814 Posted May 5, 2022 Share Posted May 5, 2022 2 hours ago, ventana said: Used cars are selling for almost as much as new Dealer I got my truck from offered to buy it back for what I paid 2 years ago. Its loaded with computer chips. I said "why? So I have to buy another truck that costs way more?" Its pretty nuts Quote Link to comment Share on other sites More sharing options...
Cideous Posted May 8, 2022 Share Posted May 8, 2022 Trying desperately to make our 12 year old mini-van with 130k miles go just one....more...year........ Quote Link to comment Share on other sites More sharing options...
Moderator ventana Posted May 8, 2022 Moderator Share Posted May 8, 2022 On 5/1/2022 at 10:32 PM, MediMike said: I have not, in fact I'm pretty sure we've consistently been on an upward trend over the last 10 years excluding the COVID era. https://www.myparesource.com/blog-1/physician-assistant-salaries Quickest source I found I don’t agreed. 2008. 105k 40 hr 2022 118k 34 hr Quote Link to comment Share on other sites More sharing options...
MediMike Posted May 8, 2022 Share Posted May 8, 2022 (edited) 1 hour ago, ventana said: I don’t agreed. 2008. 105k 40 hr 2022 118k 34 hr Sounds like you've got a bad contract or negotiations now or really good ones back then. There's data at the national level showing annual growth, don't know what to tell you. 2015 108k/yr 68/hr 2017 118k/yr 75/hr Academics>Community hospital 2022 146k/yr 101/hr Edited May 8, 2022 by MediMike Clarification Quote Link to comment Share on other sites More sharing options...
Moderator ventana Posted May 8, 2022 Moderator Share Posted May 8, 2022 2 hours ago, MediMike said: Sounds like you've got a bad contract or negotiations now or really good ones back then. There's data at the national level showing annual growth, don't know what to tell you. 2015 108k/yr 68/hr 2017 118k/yr 75/hr Academics>Community hospital 2022 146k/yr 101/hr Choose lifestyle over $$$. 2007 was about money. And I was likely the highest paid in system. Quote Link to comment Share on other sites More sharing options...
Administrator rev ronin Posted May 8, 2022 Administrator Share Posted May 8, 2022 22 minutes ago, ventana said: Choose lifestyle over $$$. 2007 was about money. And I was likely the highest paid in system. Yeah, my overall income has not gone up, but we've had more than enough to live our preferred lifestyle. I'm sure I could get $150k if I were to work someone else's idea of occupational medicine rather than mine. But we're the exceptions. Most PAs feel trapped in working for corporate overlords, and there may be some truth to that. Quote Link to comment Share on other sites More sharing options...
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