The PayScale Index (US): Trends in Compensation

2012: Demand for healthcare workers remained strong in Q1 2012, as wages grew 0.8 percent over the last quarter and 1.8 percent over the last year. Wages are now 9.6 percent above their 2006 levels, showing well-above-average growth in this job category.

2007-2011: Workers in healthcare jobs did well in 2007 and 2008, with wages rising more than 2 percent ahead of the national average in those years. When the financial collapse came in early 2009, these occupations saw only a slight 1 percent decline in earnings from their peak in Q4 2008. In 2010, wages bounced back, gaining about 1 percent over the year, then moved to their all-time-high levels, since being tracked by The PayScale Index, in Q3 2011. They then grew another half percent in Q4 2011.

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The healthcare practitioners and technical healthcare (SOC Codes 11-9110.00 Medical and Health Services Managers; 29-0000.00 Healthcare Practitioners and Technical Occupations) jobs category includes nurses and doctors, and all the allied health professionals who provide medical care to patients. While most are employed in the healthcare industry, these workers can also be found in manufacturing as in-house health professionals. This category does not include healthcare aides or assistants.

The SOC (Standard Occupational Classification) system is used by Federal statistical agencies to classify workers into occupational categories for the purpose of collecting, calculating, or disseminating data. Source: Bureau of Labor Statistics.

The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.

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