Typical Annual Raise

[BrokePHIBroke]

Hello all--FNP for 2 yrs here. Working in primary care. Recently, I asked my office manager to inform the docs who I work with (3 partners) that I am due for my annual review, as that is what I have come accustomed to from working in the hospital for 7 yrs. I asked if there would be an opportunity to review my salary and possibly increase my PTO days, she replied with a discouraging email, saying that they typically have not done that in the past, only giving a raise "every few years". She said, "I don't know how they would feel about that, but I'll mention it."

Last year I had a raise in my salary and bonus incentive--enough where I felt appreciated after feeling low balled in the beginning (as a new grad, I decided the lower pay was OK, as I was excited to just get my feet wet). Now, I feel I am where I should have started to even the playing field.

My question is how much is a reasonable annual raise? Do you even get one? Is it the norm? I feel no raise at all defeats the purpose of employee retention and morale. Any feedback is appreciated!

[traumaRUs, MSN, APRN]

3% yearly and our PTO goes up as well.

I've got almost 10 years in with this practice and I get 11.3 hours of PTO every 2 weeks which is very generous.

[rnsrgr8t]

I have gotten a yearly 3% raise since I started 11 years ago. about 7-8 years, the organization I work with (large hospital system) had some financial issues, so that year we got a 1 1/2% raise. This year, with the economy and lower reimbursement than they expected (they did not meet budget) we are getting 2% raise. Our PTO goes up gradually based on years worked. What you do not use is rolled over to the next year. I have some 240 hours banked (in addition to what I accrue each year and use) along with 240 hours of separate sick time as well. Our benefits are pretty good and the premiums go up a little each year as you would expect. Compared to what is out there nowadays, our health plan is really good. $300 deductable, everything covered at 90%. I think it is reasonable what you are asking. curious what the MD's in your practice get.

[BrokePHIBroke]

This is the same that I am hearing from my friends that I went to NP school with, that a 2-3% raise per year is typical. I know that I bring a lot of revenue to the practice, as I regularly see 20-25 pts a day consistently. I bill accurately, and have no issues with time management. I do not receive medical or vision. I have dental that is very bare minimum. I get $1500 CME per year, and 20 days PTO (including 5 days for CME), with 7 paid holidays. My base salary is where I would have like to have been my first year starting. My bonuses are quarterly, and amount to about 6k before taxes each bonus. There is not a lot of transparency in our practice, I don't know how much they gross annually, I don't know what the docs make.

[ghillbert, MSN, NP]

What did you discuss before accepting the job about reviews and raises?

[PG2018]

I feel like you should be a large cog in the machine and get a slice of the pie rather than a raise, i.e. your income should be directly proportional to your work.

[Hi2Jenn]

I am getting ready to renegotiate my contract. Having dealt with the office manager, I can tell you this...I would discuss it directly with the physicians. They know how much you work and how much you bring into the practice. They will not want to lose you over dissatisfaction with pay. The office manager does not have the same compulsion. I would have to google, but there are sites where you can compare your cpt codes with billing and a formula to calculate for costs, etc. I think if you go in with a better idea of what you are bringing in to the practice then you can negotiate better. I don't know your salary, but your benefits are bare bones.