How Much to Pay Your Assisted Living Facility Administrator?

assisted living administrator hiring guide assisted living facility administrator salary assisted living facility hiring tips hiring an assisted living facility administrator how much to pay an assisted living administrator Nov 18, 2024

Figuring out how much to pay your assisted living facility administrator is a big decision. It can really affect how well your business does. Many owners ask, "How much does an assisted living facility administrator make?" The truth is, there's no one-size-fits-all answer. Let's look at what affects an administrator's salary and how you can decide what's fair.

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Location Matters

Where your facility is located is really important when deciding on a salary. Here's why:

The cost of living is different in different places. For example, New York is more expensive than Texas.
Even in the same state, salaries can be different. A job in a big city might pay more than the same job in a small town.

Before you decide on a salary, research what other facilities in your area are paying. This will help you offer a competitive salary.

Size of Your Facility

The size of your facility can affect how much you pay your administrator. Here's how:

Bigger facilities usually mean more work and responsibility.
More beds often mean a higher salary for the administrator.
Managing a larger team and more complex operations usually leads to higher pay.

As your facility grows, you might need to increase your administrator's salary to match their increased responsibilities.

Experience Counts

How much experience your administrator has is another big factor:

New administrators with little experience usually get paid less.
Experienced administrators often expect higher salaries.
Experienced administrators usually know their worth in the job market.

It's important to talk openly about salary expectations, especially with new administrators. This helps everyone understand each other and work well together.

How to Research Salaries

To figure out a fair salary, you need to do some research:

Check websites like Salary.com, Glassdoor, Payscale, and Indeed.
Remember that these sites might show higher salaries from bigger facilities.
If you have a smaller facility, you might offer 10-15% less than the "average" you see online.

Salary vs. Hourly Pay

You need to decide whether to pay a salary or an hourly wage:

Salary is often better for owners because administrators often work more than 40 hours a week.
Hourly pay could mean paying a lot of overtime.
Sometimes, you might pay both a salary and extra hourly pay for special duties.

Don't Forget About Benefits

Offering benefits like health insurance can help you attract and keep good administrators:

Benefits can be expensive, but they may be worth it in the long run.
If money is tight, you might wait to offer benefits until your business is stabilized.

Wrapping Up

When deciding on an assisted living facility administrator's salary, remember to think about the following:

Where your facility is located
How big your facility is
How much experience the administrator has
What you can afford to pay

By doing good research and thinking about all these things, you can offer a fair salary that helps you hire and keep a great administrator.

For guidance on how to write a solid business plan to help you launch your assisted living business, download our free Business Plan Checklist. If you need help and support to launch your assisted living business, apply to our Assisted Living Investing Mastermind program, where you'll learn to build a business plan, find the property, secure funding, obtain a license, and run and scale your business.

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