Cash Extras and Perks: How Are Pharmacists Doing?

By Rosendahl, Iris | Drug Topics, April 8, 1991 | Go to article overview

Cash Extras and Perks: How Are Pharmacists Doing?


Rosendahl, Iris, Drug Topics


All things considered -- base salary, bonuses, profit-sharing, and overtime -- the average employee pharmacist brings in earnings of $48,850, according to a Drug Topics and Hospital Pharmacist Report survey completed earlier this year. This is up 11% over the $43,910 reported in 1989, the last time Drug Topics conducted such a national study.

Chains lead the pack: Chain R.Ph.s reached $50,890 annually, up 10% over 1989's $46,280. Running second were hospital pharmacists, who averaged $49,360 at the start of this year, up 12.5% from two years ago, when they earned $43,890.In third place, HMO pharmacists earned $49,050. (Since this is a new category within our salary survey, comparative figures are not available.) Finally, independents; with earnings of $45,580, registered a gain of 10% over earnings of $41.550 two years ago.

Pharmacists thinking of relocating may want to consider the West. Compensation was highest for pharmacists in all practice settings in that region of the country last year. Chain pharmacists led again, with an earnings package worth $56,960, followed by hospital R.Ph.s with $54,900. Independents brought up the rear with $48,650.

The Midwest may not be the ideal area for independents and hospital R.Ph.s; they came in on the low end compensationwise at $43,520 and $46,260, respectively. Lowest earners in chain outlets were in the South, with $49,040.

These figures are based on Drug Topics, recent survey of 1,581 employee pharmacists working in retail pharmacies, hospitals, and health maintenance organizations. This study is part of a continuing series of pharmacy compensation surveys begun by Drug Topics in 1982.

Findings from the new study are being revealed in a two-part series of articles. Part 1, which apeared in Drug Topics' March 25 issue, reported on pharmacists' base salary in various practice settings. On the next few pages, we'll be analyzing pharmacists' compensation from overtime work, bonuses, and profit-sharing. We'll also take a look at specialization or certification in various areas of pharmacy, as well as membership in pharmacy unions. Working overtime: When it comes to putting in extra hours, some 53% of all pharmacists did so in the latest study. Actually, that's not much of a change in two years, when 51% put in overtime hours. Of those who worked overtime, the average pharmacist did six hours' worth a week, the same amount reported in 1989.

More chain pharmacists worked extra hours than did those in any of the other categories. P.Ph.s five percent of the chain R.Ph.s indicated that they put in at least one hour of overtime in an average week, compared with 49% of the independents and 41% of those in HMOs. Fifty one percent of hospital pharmacists rang up at least one hour of overtime in an average week.

For many pharmacists, working overtime isn't worth the effort. Some 25% of retail pharmacists got no compensation for the overtime they clocked. Hospitals are especially prone to this practice, with fully half the hospital pharmacists surveyed saying they received no overtime compensation. Close behind are the 47% of HMO pharmacists who get no pay for overtime. In the retail setting, however, among those doing over-time time work, a substantial 67% of chain pharmacists and 53% of independents received compensation for it.

Straight time seems the method of payment most preferred by employers for overtime work. That's what 40% of independents and 38% of chain pharmacists are getting, as are 20% of HMO pharmacists and 12% of hospital pharmacists. More chain pharmacists (28%) and hospital pharmacists (19%) than independents (12%) and HMO pharmacists (13%) are paid time and a half for their overtime, and a few (1%) chain R.Ph.s even get double time.

Payment in time: Giving compensatory time instead of money is most popular in HMOs -- 18% of their pharmacists who work overtime are compensated with extra time off. Comparatively few independents (5%) and chain R. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Cash Extras and Perks: How Are Pharmacists Doing?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.