Healthcare Industry

Healthcare Employee Cost Calculator

Healthcare has high wages, moderate-to-high workers' comp rates, and 21% annual turnover. Licensing, malpractice insurance, and continuing education are required. Benefits packages are typically comprehensive.

Avg. Salary

$65K

Workers' Comp

$54/mo

1.5% of payroll

Turnover Rate

21%

Annual

Cost Multiplier

1.38x

Of base salary

Calculator
$
Results

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Key Facts About Hiring in Healthcare

Average healthcare salary is $65,000 (varies widely by role)

21% annual turnover due to burnout and demanding schedules

Workers' comp averages $54/month - moderate risk from patient handling

Licensing and continuing education mandatory for clinical staff

Malpractice insurance required for many positions

Comprehensive benefits: 5% 401(k) match and 18 days PTO typical

Common Roles

Registered Nurse (RN)
Licensed Practical Nurse (LPN)
Medical Assistant
Physician
Medical Billing Specialist
Radiologic Technologist
Physical Therapist

Compliance Requirements

State professional licensing (RN, LPN, MD, etc.)

HIPAA privacy and security training (mandatory annual)

OSHA bloodborne pathogens standard

Malpractice/professional liability insurance

Continuing education credits (varies by profession)

Background checks and drug screening

Immunization records and health screenings

Emergency response and CPR certification

Hidden Costs to Consider

Malpractice insurance: $1,000-$15,000 per employee annually (varies by role)

Licensing fees: $100-$500 per employee annually

Continuing education: $500-$2,000 per employee annually

Credentialing and background checks: $200-$500 per hire

Scrubs and uniforms: $200-$500 per employee

Shift differentials (nights/weekends): 10-25% premium

Call coverage and on-call pay

Frequently Asked Questions - Healthcare

Calculate Healthcare Costs by State

State unemployment insurance rates, minimum wage, and compliance requirements vary. See state-specific healthcare costs.

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