Pharmacy Headlines

Today’s Insights

Size Does Not Matter

TL;DR - Smaller hospitals might be the best hospitals to work at.

You may have read the December newsletter about increasing demands for hospital pharmacists. This month, Pharmacist Compensation analyzed participant data hoping to provide deeper insights on the world of hospital pharmacy.

A scoring system was created to attempt to give readers another way to evaluate hospital pharmacy. The system consists of three major sections: Compensation, Work-Life Balance, and Job Satisfaction.

Hospitals were categorized based on their size (number of beds).

The algorithm was simple: highest score wins. A range of point(s) were awarded based on which group (hospital size) had the most/least favorable result. Let’s dive in.

The highest median wages were reported by participants from a 0-50 bed hospital. However, the highest raise percentage reported was on the other end of the scale, a 401-500 bed hospital.

The most PTO days were reported by those in the group of 500+ hospital beds.

However, participants at the larger hospitals also reported the most hours worked, including unpaid hours.

Which brings us to our final main category - Job Satisfaction.

Let the drama unfold. After scoring the three main sections, we had a tie! The tiebreaker was determined by which group had the lowest percent of participants indicate they are looking for a new job.

After the tiebreaker took place, the final results are as follows:

Job seekers - don’t rule out those smaller hospitals.

_{Pharmacist Compensation provided the data displayed in the above charts. Join thousands of pharmacists and take the anonymous survey. All participants receive access to an interactive dashboard that can be filtered by Job Title, Company, Area of Pharmacy, and more.}

Testimonial

Want to share how Pharmacist Compensation helped in your Success Story?

Write or record a short testimonial HERE.

Additional Resources: