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How Much Does it Cost to Hire a Pharmacy Technician?
The cost of hiring a Pharmacy Technician can vary widely depending on several factors, including the location, the pharmacy setting (retail, hospital, specialty pharmacy), experience level required, and the specific compensation package offered.Ā
Here are some key cost components to consider when hiring a Pharmacy Technician:
Recruitment Cost
Recruitment costs encompass various expenses associated with finding and hiring new employees. These costs typically include advertising and job posting expenses. Hereās a complete breakdown of the recruitment cost:Ā
- Industry-Specific Job Boards: Using industry-specific job boards can effectively target candidates with specialized skills and experience. However, there are costs associated with utilizing these platforms. For instance, JobRX charges $295 for a 30-day single job posting, while you need to contact Hospital Jobs Online to know their pricing. On the other hand, PharmaOpportunities charges $165 for a single-day job posting and $250 for a 60-day job posting, and you have to contact PharmacistJobCafe for their pricing. Alternatively, HealthJobsNationwide.com charges $299 for a single job post.
- Professional Associations: Professional associations charge a fixed annual membership fee. The membership fee of NPTA is $49 per year, and AAPT is $90. The membership of PTEC is free.
Salary and Benefits
The largest cost component is typically the Pharmacy Technicianās base salary or hourly wage. This can vary significantly depending on the geographic location, the candidateās experience, and the type of pharmacy setting (e.g., retail, hospital, long-term care, specialty pharmacy).
The average salary of a Pharmacy Technician is $41,638 per year, which includes $1,874 per year of additional pay. This additional pay includes bonuses and increments.
You may often provide benefits such as health insurance, dental and vision coverage, retirement plans (e.g., 401(k)), paid time off (vacation, sick leave, holidays), and sometimes performance-based bonuses. These benefits add to the overall cost of compensation.
Certification Cost
The Pharmacy Technician candidates are often required to obtain national certification before or shortly after being hired. Often, you may pay for these certification costs.Ā
For example, the CPhT certification costs $129, while recertification costs only $49. The cost of ExCPT certification is $125, the renewal fee is $55, and the CSPT certification costs $199.Ā
Uniforms
Many employers in healthcare settings, including pharmacies, provide Pharmacy Technicians with uniforms. These uniforms are designed to meet specific standards for cleanliness, hygiene, and professional appearance.Ā
Typically, the cost of these uniforms is covered by the employer. Uniforms may include lab coats, scrubs, name badges, and other clothing or accessories required.