Labor Cost Management
Director/Manager of Accounting
Published
July 16, 2015
1:13 pm
|
Updated
November 7, 2022
8:46 am
| Average Cash Compensation | $112,700 | ||
| Average gross annual salary | $107,700 | ||
| Percentage eligible for bonus or profit sharing | 53% | ||
| Average bonus or profit sharing | $9,600 | ||
| Median Cash Compensation | $100,000 | ||
| Percentage reporting directly to an officer | 55% | ||
| Percentage reporting to a mid-level manager | 37% | ||
| Number of Participants | 161 | ||
| DEMOGRAPHICS | |||
| Average Age | 48 | ||
| Average Years Experience in Healthcare | 20 | ||
| Average Years Member of HFMA | 12 | ||
| Average Years in Current Position | 7 | ||
| Average Number of Employees Under Direction | 10 | ||
| Median Number of Employees Under Direction | 5 | ||
| CERTIFICATIONS | Percentage | Compensation | |
| CPA | 50% | $122,800 | |
| FHFMA or CHFP | 17% | $112,800 | |
| EDUCATION | Percentage | Compensation | |
| Bachelor’s Degree | 63% | $106,800 | |
| Master’s Degree | 34% | $128,500 | |
| TITLE | Percentage | Compensation | |
| Supervisor | 5% | -small sample- | |
| Manager | 49% | $90,800 | |
| Director | 45% | $141,100 | |
| ORGANIZATION TYPE | Percentage | Compensation | |
| Hospital with 117 beds or less | 19% | $77,200 | |
| Hospital from 118 to 356 beds | 19% | $122,900 | |
| Hospital with 365 beds or greater | 19% | $106,200 | |
| System level, headquarters or regional | 39% | $129,500 | |
| GENDER | Percentage | Compensation | |
| Men | 34% | $133,900 | |
| Women | 66% | $102,100 | |
| NET OPERATING REVENUE OF EMPLOYER | Percentage | Compensation | |
| Less than or equal to $125 million | 23% | $87,800 | |
| From $127 million to $329 million | 24% | $116,600 | |
| From $333 million to $1,050 million | 24% | $107,200 | |
| Greater than or equal to $1,100 million | 23% | $140,900 | |
| YEARS IN HEALTHCARE | Percentage | Compensation | |
| Less than or equal to 11 Years | 22% | $85,000 | |
| From 12 to 18 Years | 22% | $110,400 | |
| From 19 to 27 Years | 22% | $120,000 | |
| More than or equal to 28 Years | 22% | $143,600 | |
| NUMBER OF REPORTING EMPLOYEES | Percentage | Compensation | |
| Less than or equal to 2 Employees | 25% | $113,200 | |
| From 2.5 to 5 Employees | 27% | $91,300 | |
| From 6 to 10 Employees | 25% | $109,600 | |
| Greater than or equal to 11 Employees | 23% | $140,600 | |
| REGION | Percentage | Compensation | |
| Northeast | 25% | $138,200 | |
| South | 27% | $107,700 | |
| Midwest | 36% | $98,800 | |
| West | 12% | $113,000 | |
| YEARS IN HFMA | Percentage | Compensation | |
| Less than or equal to 4 Years | 22% | $89,200 | |
| From 5 to 10 Years | 29% | $97,300 | |
| From 11 to 18 Years | 25% | $116,200 | |
| More than or equal to 19 Years | 24% | $148,400 | |
All of the participants have titles indicating mid-management responsibilities. Most titles include the words “accounting, accountant manager, or financial reporting.” 161 accounting managers and directors responded to the survey, out of 515 sampled, resulting in a response rate of 31%. There is 95% probability that the mean compensation for directors and managers of accounting in HFMA lies between $102,400 and $123,100.
