The increase, which takes effect Jan. 5, will affect about one-third of Loyola’s workforce.
The minimum wage increase represents an initial annual investment of nearly $3 million.
Our people are our greatest assets,” said Shawn Vincent, Loyola Medicine president and CEO. “Offering a higher minimum wage is simply the right thing to do to compensate our colleagues for their hard work and dedication to our mission.”
More articles on compensation issues:
6 things to know about chief clinical officer pay
Health system executive pay growth outpaces hospital exec pay
States with highest, lowest nurse salaries
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
