Faculty Composition and Compensation Insights: CAHME Annual Faculty Editor
Since our last email, CAHME released the CAHME Annual Faculty Editor (CAFE v2.0) that expanded access to programs with larger faculty. The result was clear: more programs have participated. Detailed disaggregated demographic and faculty status information on half of all faculty that teach in CAHME accredited programs are available to participating programs. While compensation data is not available for all of this subset, the number of faculty with detailed compensation data has continued to increase in the month of February as more programs have signed on.
About 1 of every 3 participating programs will be able to access comparative faculty compensation data. This means they will be able to develop their faculty compensation plan using a baseline of leading CAHME programs. Simply put, participating programs can better plan and be positioned to receive resources to attain the most important element of any program ... great faculty!
Here's an example of the power of this data. Figure 1 shows that 53% of all faculty in healthcare management programs gathered in our annual reporting dataset (i.e., all accredited programs, certified programs, and those in candidacy) are in public universities. Figure 2 drills down into the CAFÉ data for faculty of public universities to examine compensation distribution by full-time, Assistant Professors with a contract length of 12 months or greater. The modal (cost of living adjusted) annual total compensation is $100,000-$109,999. Note that this information is preliminary based only on available programs and is subject to change with more programs participating.
To learn more, or to participate in CAFÉ, contact Michelle Petrucelli, CAHME’s Accreditation Coordinator, at mpetrucelli@cahme.org.