13 recent investments in hospital employee retention, recruitment

Several states, hospitals and health systems have made investments to retain and recruit employees as the nation deals with a major workforce shortage.

Thirteen investments in the healthcare workforce so far this month, as reported on by Becker's:

Note: This list was updated Jan. 28.

1. Novant Health invests $40M into PTO or cash reward for staff
Winston-Salem, N.C.-based Novant Health is investing $40 million into rewards for staff.

2. Pennsylvania sets aside $225M to support healthcare workers
Pennsylvania Gov. Tom Wolf has signed a law to set aside $225 million in federal American Rescue Plan Act funding to support hospitals and their workers, his office said Jan. 26. 

3. Texas offering hiring bonuses for some healthcare positions
Texas is offering hiring bonuses of up to $5,000 to nurses and other healthcare workers at state-supported living centers and state hospitals, the Texas Health and Human Services Commission said Jan. 24. 

4. Nurses from Philippines expected at Henry Ford as early as summer
Detroit-based Henry Ford Health System said Jan. 19 that its strategy of recruiting nurses from the Philippines is making headway, with the first nursing cohort expected to arrive as early as this summer. 

5. Pennsylvania health system reducing insurance costs for employees
Citing the need to recruit and retain workers, Butler (Pa.) Health System is reducing the cost of healthcare for employees, according to a health system news release. 

6. Billings Clinic recruiting nurses from overseas
Billings (Mont.) Clinic is hiring international nurses through a partnership with Avant Healthcare Professionals, a Florida-based company that provides international nurses to healthcare organizations in the U.S., spokesperson Zach Benoit told Becker's

7. Mayo Clinic Health System Fairmont offering sign-on, community referral bonuses
Mayo Clinic Health System in Fairmont, Minn., is offering a sign-on incentive for nurses and a community referral bonus for all open positions as part of its latest recruitment efforts. 

8. South Carolina hospital offers employees up to $10K for homebuyer assistance
Beaufort (S.C.) Memorial Hospital has created a homebuyer assistance program to help staff purchase a home or refinance mortgages, with up to $10,000 in assistance.

9. Mayo Clinic to give 2% raise with multiplier
Rochester, Minn.-based Mayo Clinic will provide its employees with a 2 percent raise in 2022 with a 2.75 multiplier, which equals the raise they received in 2020 before the pandemic and is less than the national trend, the Post Bulletin reported Jan. 18.

10. UC Health bumps up minimum wage to $15 an hour
University of Cincinnati Health has boosted minimum wage to $15 an hour and is providing market-pay adjustments and an incentive program for employees, The Cincinnati Enquirer reported Jan. 10.

11. Texas hospital offers nurses $20K sign-on bonuses at recruiting event
Corpus Christi, Texas-based Christus Spohn Health System offered up to $20,000 sign-on bonuses for nurses at a recruiting event Jan. 12 at Shoreline Hospital. 

12. New York governor announces $10B investment in state healthcare workforce
New York Gov. Kathy Hochul on Jan. 5 announced a $10 billion, multiyear investment in healthcare, which includes $4 billion for wages and bonuses for healthcare workers.

13. Connecticut $34M relief program to cover lost wages, other expenses for essential workers
Connecticut Comptroller Natalie Braswell and the general assembly's labor committee released a $34 million relief program Jan. 3 for essential workers, which covers lost wages, out-of-pocket medical expenses and COVID-19 burial costs, the CT Mirror reported.

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