Ohio Pharmacists Association 2011 Salary Survey

OPA Externs/PharmD Candidates Aimee Wallace, ONU; Krystalyn Weaver, UT; Lisa Berni, ONU; Larecia Knoerzer, OSU; and Kathy Wotruba, OPA Director of Membership & Information Services Ever wonder how your salary compares to the rest of the state? The Ohio Pharmacists Association conducts a biennial survey of Ohio pharmacists to determine average salaries and to track trends. This years results indicate that practicing pharmacy is still a profitable as well as rewarding career.

Table 1 Average Hourly Rate Based on Practice Setting

Practice Setting All Practice Settings Independent Community* Small Chain Community** Large Chain Community*** Mass Merchandiser Supermarket Pharmacy Government/Military/VA Inpatient Hospital Pharmacy Outpatient Hospital Pharmacy HMO Pharmacy Mail Order Pharmacy Nursing Home/Long Term Care Home Health/Infusion Other Average Hourly Rate ($) 2009 54.10 50.19 51.05 56.44 56.21 55.97 51.44 54.22 56.19 55.06 57.44 53.63 52.20 Average Hourly Rate ($) 2011 55.13 50.18 58.06 57.28 58.70 59.75 49.21 44.86 56.28 54.66 56.04 57.70 42.80 53.96

Methods. In November 2011, electronic surveys were issued to all OPA pharmacist members with Pharmacy resident wages included *<Four stores with the same ownership email addresses. Of the 522 sur**Four to 10 stores with the same ownership veys returned, 347 were answered ***>10 stores with the same ownership completely and included in the Includes clinical pharmacy positions analysis. The survey consisted of 25 Other practice settings include: academia, FQHCs, PBM, university health center, remote order entry, questions ranging from demographpharmaceutical industry, ambulatory care, 340B pharmacy ic information to benefits offered. Members who indicated they were not working in pharmacy or skew survey results since their schedules vary, and were pharmacy owner/partner were not included are usually well above 40 hours per week. in the calculations of the results. Pharmacy ownThe overall average hourly wage for pharmaers were not included due to the additional incists in 2011 was found to be $55.13. The average come they would receive from the operation of the hourly wage has increased from $54.10 in 2009, pharmacy. Pharmacy residents were not included but pharmacy resident data were included at that in 2011 survey results; this is further explained time. Average hourly wages ranged from $42.80 to below. $59.75 based on practice setting with superIt should be noted that the surveys were commarket pharmacies offering the highest salaries. pleted on a voluntary basis and, thus, may not be Full details can be found in Table 1. representative of all Ohio pharmacists. Salary and Hourly Wage Results. Survey results were analyzed based on practice setting, geographic location, position, and various demographics. Salary and hourly wage data for pharmacy residents were not included in the 2011 figures, as their salaries are significantly lower than all other pharmacist salaries. Also, residents hourly rates would

Table 2 Average Hourly Rate Based on Metropolitan Area

Metropolitan Area Akron/Canton/Youngstown Cincinnati Cleveland Columbus Dayton Toledo Other/Rural

We would like to extend our sincere thanks to the many pharmacists who responded to our salary survey. Their submissions made this article possible.

Average Hourly Rate ($) 2009 52.97 53.98 55.58 52.93 54.39 51.36 54.52

Average Hourly Rate ($) 2011 55.08 56.85 55.92 54.20 56.71 52.48 54.71

Pharmacy resident wages included

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From 2009 to 2011, small chain comTable 3 munity pharmacy saw the largest increase Average Hourly Rate Based on Position in hourly wage ($51.05 in 2009 to $58.06 in 2011), whereas home health/infusion saw the largest decrease ($53.63 in 2009 to $42.80 in Position Average Hourly Average Hourly Rate ($) 2009 Rate ($) 2011 2011). Manager/Director 57.37 58.29 The average gross annual salary for Assistant/Associate Manager 57.09 56.11 full-time pharmacists was $115,643, up from Staff/Employee Pharmacist 52.57 53.91 $105,701 in 2009, which included pharmacy Other* 51.95 51.67 resident data (Table 4). Over three-quarters of full-time pharmacists reported gross an* Other positions include faculty, biopharmaceutical manufacturer, floater nual salaries greater than $105,000. Along pharmacist, clinical pharmacist with the exclusion of pharmacy resident salaries, the data reported in Table 4 excludes the yearly salaries reported by full-time pharmacists who had worked fewer than 12 months in 2011. Table 4 Of the major metropolitan areas in Gross Annual Salary of Ohio Pharmacists Ohio, Cincinnati reported the highest hourly wage at $56.85, and Toledo reFull-Time Pharmacists 2009 2011 ported the lowest hourly wage at $52.48 Average Gross Annual Salary $105,701 $115,643 (Table 2). Cincinnati reported the greatest increase in wage, with its average Salary Ranges ($) % % hourly wage increasing from $53.98 in <75,000 4.3 2.6 2009 to $56.85 in 2011. 75,001 to 85,000 4.7 2.6 Positions evaluated in this report included manager/director, assistant/associate manager, staff/employee pharmacist, and others (Table 3). Manager/ directors, making up 27.7 percent of respondents, reported the greatest hourly wage ($58.29). Staff/employee pharmacists saw a modest increase in hourly wage from $52.57 in 2009 to $53.91 in 2011.
85,001 to 95,001 to 105,001 to 115,001 to 125,001 to 135,001 to >145,001 95,000 105,000 115,000 125,000 135,000 145,000 6.9 14.2 24.5 25.3 10.7 6.4 3.0 6.0 11.7 23.8 29.4 13.2 6.4 4.2

Part-Time Pharmacists* Average Gross Annual Salary

Pharmacy resident wages included *Working fewer than 30 hours per week

2009 $59,766

2011 $53,447

Pharmacy Technicians and Interns. Pharmacists were asked to report the hourly wage for pharmacy technicians and interns, if known. The average hourly wage for technicians was $10.30 in 2011. The maximum hourly wage reported was $18.00 and the minimum was $7.50. Pharmacy interns averaged $15.82 per hour overall, with the average pay increasing for each additional year of education. First-year pharmacy interns averaged $11.75, whereas graduate interns averaged $26.11 per hour.

and more than 90 percent of those utilized the paid vacation time. Sixty-six percent were offered sick leave, but only 50 percent of those with the benefit used it. Graphs representing this data are available in the online version of the survey located on the OPA website (www.ohiopharmacists.org) in the Members Only section. Demographics. Fifty-one percent of respondents were males and 94 percent were white/Caucasian (Table 5 on page 16). Thirty-nine percent of the pharmacists surveyed reported the PharmD as their initial degree. Individuals with a PharmD averaged less hourly pay ($51.61) than those with a B.S. Pharm. ($55.89). Thirty-four percent of individuals were 20- to 30-years-old, making this the largest age group for the population responding to this survey. The second largest group fell in the 51- to 60-years-old range. Those in the younger 15

Benefits. Pharmacists were also asked to indicate which fringe benefits were offered to them by their employer. Over 80 percent of employees were offered health insurance for themselves, their spouse, and their dependents. Thirty-one percent of respondents employers offered to pay professional association dues, such as those for membership in the Ohio Pharmacists Association. Eighty-six percent of employees were offered paid vacation,

april 2012

Table 5 Respondent Demographics

Work Status Full-time Part-time Practice Setting Independent Community Pharmacy* Small Chain Community Pharmacy ** Large Chain Community Pharmacy*** Mass Merchandiser Supermarket Pharmacy Inpatient Hospital Pharmacy Clinical Staff Outpatient Hospital Pharmacy HMO Pharmacy Mail Order Pharmacy Nursing Home/Long Term Care Home Health/Infusion Government/Military/VA Other Metropolitan area Akron/Canton/Youngstown Dayton Cincinnati Cleveland Columbus Toledo Other/Rural Position Pharmacy Resident Manager or Director Assistant/Associate Manager/Director Staff Other Ethnicity American Indian Black/African American Hispanic White/Caucasian Other % 84.4 15.6 % 11.3 4.1 28.3 3.1 11.6 17.0 (6.0) (11) 3.5 1.3 2.8 4.1 1.3 2.2 9.4 % 7.6 9.1 13.5 15.7 20.8 5.4 28.0 % 2.6 27.7 2.9 60.8 6.1 % 1.2 0.6 0.3 94.2 1.7 Age (years) 20 to 30 31 to 40 41 to 50 51 to 60 61 to 70 >70 Educational Experience++ B.S. Pharm degree PharmD (1st degree) PharmD (post B.S. degree) M.S. degree MBA degree PhD degree Pharmacy residency training Other Years in Practice <1 1 to 5 6 to 10 11 to 20 21 to 30 31 to 40 41 to 50 >50 Gender Male Female Non-Specified % 34.0 14.4 13.5 21.6 9.8 4.6 % 54.8 38.9 9.5 1.7 3.2 0.9 5.5 2.9 % 13.8 22.8 7.8 12.7 12.7 20.2 5.2 2.9 % 51.0 47.0 2.0

* <Four stores with the same ownership **Four to 10 stores with the same ownership ***>10 stores with the same ownership Other practice settings include: academia, FQHCs, PBM, university health center, remote order entry, pharmaceutical industry, ambulatory care, 340B pharmacy. Other positions include: faculty, biopharmaceutical manufacturer, floater pharmacist, clinical pharmacist. ++Some respondents had more than one of these degrees, so categories may overlap.

group, aged 20 to 30 years, averaged $51.56 per hour, whereas those in the older group, aged 51 to 60 years, averaged $56.62 per hour. OPA members can access these survey results, with additional data, in the Members Only section of the OPA website at www.ohiopharmacists.org. The 2007 and 2009 salary surveys are included as well for comparison purposes.

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Health Insurance 90.00% self 80.00% Health insurance 70.00% spouse 60.00% Health insurance dependents 50.00% Dental insurance 40.00% Life insurance 30.00%
20.00%

Insurance Benefits Insurance OFFERED USED

84% 82% 81% 78% 79% 68% 32% 20% 62% 57%

Benefits

OFFERED USED

Disability insurance 75% 51% 10.00% Malpractice 0.00% insurance 33% 30% Health Health Health Dental No insurance 6% Insurance - insurance - insurance9% insurance self spouse dependents

Life insurance

Disability Malpractice No insurance insurance insurance

Vacation/Leave Vacation/Leave 100.00% OFFERED USED Maternity leave 0.71 0.06 80.00% Non-paid leave 0.55 0.09 60.00% Paid professional leave 0.30 0.12 40.00% Sick leave 0.67 0.31 20.00% Paid vacation 0.87 0.80 0.00% Paid personal days 0.40 Maternity Non-paid Paid 0.31 Sick leave Paid vacation Paid personal leave leave professional days None 0.04 0.07
leave

OFFERED USED None

Savings/Retirement
100.00%

Tax Sheltered plans 60.00% (401k, 403b) 40.00% Retirement/Pension plan 20.00% Purchase options 0.00% None

80.00%

Savings/Retirement OFFERED USED 0.84 0.77

OFFERED USED

0.36 0.29 0.33 0.21 0.04 0.06 Tax Sheltered plans Retirement/Pension plan
(401k, 403b)

Purchase options

None

Professional Benefits Professional OFFERED USED 50.00% Paid association dues 0.31 0.31 Paid license fee 0.12 0.13 Professional attire allowance 0.12 0.12 40.00% Meeting or seminar fee 0.29 0.24 Tuition reimbursement 0.29 0.07 30.00% None 0.32 0.24

Benefits

OFFERED 20.00% USED

10.00%

0.00% Paid association Paid license fee Professional dues attire allowance Meeting or seminar fee Tuition reimbursement None

Other Benefits OFFERED USED Parking allowance 0.04 100.00% Employment travel (mileage 0.44 Child care allowance/service 0.07 80.00% Shift differential 0.23 Job sharing 0.03 60.00% Flexible schedule 0.42 Personal purchase discounts 0.45 Prescription discounts 0.31 40.00% Company car 0.04 Expense account 0.08 20.00% Flexible spending accounts 0.59
0.00%

Other Benefits
0.04 0.29 0.01 0.14 0.01 0.37 0.40 0.25 0.03 0.07 0.27

OFFERED USED