OPEN MINDS Releases Results Of The 2016 Executive Compensation & Retention Survey
9,000+ health and human services executives surveyed on their compensation, thoughts on leaving their organization, and hiring replacements
Gettysburg, Pa. (September 26, 2016) — The OPEN MINDS Market Intelligence team recently released the findings of a survey of over 9,000 executives of health and human service provider organizations on their compensation, whether they are planning to leave their organization, why they are leaving, and whether or not they’re replaceable at the same pay. A summary of these findings was presented by Monica E. Oss, chief executive officer of OPEN MINDS during the opening keynote presentation of The 2016 OPEN MINDS Executive Leadership Retreat, and was reported on in The OPEN MINDS Circle Daily Executive Briefing, “Are You Prepared To Lose Your CEO?”
Results of the survey showed that 36% of all executives are planning to leave their organization within the next five year. The survey also found that the median salary for CEOs in health and human services is between $125,000-$150,000.
In a changing health and human service market, one of your organization’s goals should be making sure highly skilled executives want to work there — both because of your mission and reputation, and because they are receiving fair market compensation.
The OPEN MINDS 2016 Executive Compensation and Retention Survey provides the market research that health and human service organizations need to inform their succession planning and executive compensation packages. The survey includes information on:
- Executive compensation by position, organizational revenue, profit status, and market segment
- Executive retention by position, market segment, and profit status
- Executives’ reasons for leaving their organization by position and market segment
- Number of executives who believe they are replaceable at the same pay by position, market, and profit status
- Trends in compensation and retention over the past five years
The summary of the survey results is available to all OPEN MINDS Circle Premium and Elite members. The full survey results can be purchased online in the OPEN MINDS e-store for $495.
OPEN MINDS is a national strategic advisory firm specializing in the sectors of the health and human service industry serving individuals with complex support needs: mental health; addiction treatment; children & family services; intellectual & developmental disabilities; chronic disease management; long term care; social services; correctional health care, reentry & diversion; and juvenile justice.
Founded in 1987 and based in Gettysburg, Pennsylvania, the 75+ associates believe by providing the latest market intelligence and management best practices to organizations serving the health and social support needs of the most vulnerable consumers, those organizations will be better able to provide efficient and effective services. Learn more at www.openminds.com.
For additional questions and inquiries, please contact Tim Snyder, Executive Vice President, OPEN MINDS at 717-334-1329 or openminds@openminds.com.