Pharmacist Salary and Wage Review

Pharmacist's wage and salaryHere at HCC we see both sides of the common wage and salary issues facing the pharmacy profession today. As in any other profession and vocation, an individual wants to be paid as much as possible for what they do, yet employers need to control salaries and costs in an attempt to maximize return on investment and profits. We sometimes find that attempting to put an hourly wage number on “what a Pharmacist’s hourly worth is” is as complicated as the chemistry classes we all had to take and study so hard to pass in school. In studying the wage releases from the US Bureau of Labor Statistics for 2019, we once again find as expected that variables such as geography, population density, type of pharmacy job, years of experience, etc. make the task of salary comparison an almost impossible job to complete.

What Does the 2019 Bureau of Labor Statistics Reveal About Pharmacist’s Wage & Salary?

There are some interesting numbers that do stand out when reviewing the US Labor Bureau 2019 statistics regarding pharmacist jobs (although as stated above, please note that the relevancy of such statistics is perhaps, at times, questionable).

The employment demand and need for pharmacists is, perhaps, no longer on the rise. Last year saw an increase of a little under 1% in the number of jobs available and pharmacists employed nationwide. The Labor Bureau still rated pharmacy as one of the top jobs to work in, however in the 2019 report they projected that this rise in pharmacist jobs and pharmacist demand will not continue to rise over the next several years.

The median hourly wage for a pharmacist across the nation rose marginally to around $61.57 per hour (the wage at which half of the employed pharmacists earned more than that amount and half earned less). This was an increase of a mere 0.2% and it must be noted that the hourly wage ranged anywhere from just under $41/hour to just over $78/hour depending, as noted above, on too many variables to draw conclusions about. One other statistic that proved interesting enough to note was that women now comprise over 60% of all practicing pharmacists in the United States. Interestingly, it was also noted that while accounting for over half of the pharmacist workforce, women still face the challenge that male pharmacists “hold a disproportionate number of senior leadership levels” in our profession.

We think that everyone would agree on the importance of salary in determining where an individual chooses to work and what competency level an employer can expect. Yet studies prove that salary is not always the number one determining factor in the decision of where a pharmacist chooses to work. If you are a pharmacist choosing where to find employment and what you should be paid, HCC can help you. If you are an employer looking for the right candidate and trying to determine what salary to offer, once again HCC can help.

About Healthcare Consultants Pharmacy Staffing

Healthcare Consultants Pharmacy Staffing (HCC) has been known as a full service pharmacy staffing company since 1989. With all the services that we provide to both pharmacies and pharmacists, it’s sometimes easy to overlook the fact the we are one of the nation’s most successful and respected staffing and placement firms in the pharmacy employment area. Pharmacy staffing and job placement are actually our primary business now for over 31+ years. At HCC, we deal with all aspects of matching pharmacists to jobs in every type of situation. This includes filling short term pharmacy positions and temporary jobs, as well as pharmacist recruitment and permanent & long term placements. We also can help with temp-to-permanent situations.

Whatever setting a pharmacist is looking to work in and whatever special needs a pharmacy may be searching for, HCC can help! Our pharmacy positions and staffing availability cover all aspects of job types: retail, hospital, clinical and specialty pharmacies. We offer solutions for almost every type of pharmacy job you may be looking for, or every type of pharmacist you may require:

– Compounding pharmacy and pharmacist
– Nursing Home & Long Term Care pharmacy and pharmacist
– Institutional (prisons and jails) pharmacy and pharmacist
– Hospice pharmacy and pharmacist
– Mail-order pharmacy and pharmacist
– Home health pharmacy and pharmacist
– Respiratory pharmacy and pharmacist
– IV pharmacy and pharmacist
– Nuclear pharmacy and pharmacist
– Home infusion pharmacy and pharmacist

If you are a pharmacist looking for a new position (or simply looking for part time opportunities to earn more cash), we urge you to talk with us.  Contact us online or call us today at 800-642-1652 and an HCC staffing consultant will contact you as soon as possible to discuss your needs.

If you are a pharmacy looking looking for temporary or permanent staffing help, HCC Pharmacy Staffing can assist you too. We have a professional staff who can find you the right pharmacist to match your needs, whether it be in a retail, hospital or a specialty pharmacy area. Contact us online or call us today at 800-642-1652 and an HCC staffing consultant will contact you as soon as possible to discuss your needs.

Keep in mind that while specializing in pharmacy jobs, staffing and placement for over 31+ years, HCC can help you with all your pharmacy needs. Some of our additional pharmacy consulting services include:
– Equipment needs assessment
– Medicaid/3rd party review
– Moving a pharmacy to a new location
Out of state licensing
– Exit strategies
– Audit, surveys & mock inspections
– Expanding, redesigning and overhauling your pharmacy
– Compliance review for compounding pharmacies (USP 795 & 797)
– Policy & procedure review and recommendations

 


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