Winners and Losers in 2021
Comparing data from 2020 and into 2021 thus far, we noted that the following professions experienced raises on average when it comes to pay:
- Physical Therapist
- Physical Therapist Resident
- Rehab Therapy Support Staff
All three of these received some type of pay raise when comparing the two time blocks.
Unfortunately, the following three took rather significant pay cuts:
- Occupational Therapist
- Physical Therapist Assistant
- Rehab Therapy Management Staff
We also noticed an encouraging trend of Physical Therapist Residents getting paid better; however, this is paired at the cost of Physical Therapists who have completed their residency getting paid notably below average, despite having finished post-graduate advanced training.
Negotiations Revisited
This edition also revisited negotiations as it pertains to the job market. Here are the results:
- The average raised amount at initial hire and/or talent retention is 6.5%.
- If a negotiation occurs, almost 87% of the proceedings go through and the offer is accepted.
- HOWEVER, if "no wiggle room" is offered or no reasons are discussed, 80% of proceedings will fall through and the offer will be rejected or the talent will be lost.
- Reciprocally, if even the intent of negotiation and reasons of how/why a rate can or cannot be changed is had — over 80% of those negotiations will result in offer accepted and/or talent retained.
Therefore, employers have an 80% better chance of acquiring and retaining talent by being transparent in negotiation proceedings.
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