To recruit more employees, Tuscaloosa, Ala.-based DCH Health System is providing nurses with an $18,000 sign-on bonus, WVUA 23 reported Nov. 8.
Compensation Issues
As hospitals and health systems struggle with staff retention, some are increasing wages to attract employees.
To improve retention and recruitment, Bangor-based Northern Light Eastern Maine Medical Center is increasing its minimum wage to $17 an hour, which will affect nearly 2,000 employees, the Bangor Daily News reported Nov. 5.
As healthcare organizations struggle with employee burnout and staff retention, they're making several changes to compensation.
Amid staffing strain during the COVID-19 pandemic, many facilities are offering their employees bonuses to attract and retain staff and thank employees for their work.
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Amid this year's open enrollment period, call center workers who help Americans navigate ACA coverage options are struggling with their own coverage.
Fishersville, Va.-based Augusta Health will spend $10.6 million on employee compensation improvements, which go into effect Dec. 5.
The thought of losing health coverage is holding back workers from quitting their jobs or starting their own businesses, a Policygenius survey published Oct. 26 found.
All 92,000 staff members of the University of Pittsburgh Medical Center are set to receive a $500 bonus to thank them for their work during the COVID-19 pandemic.
As prices continue to rise with inflation, some wages are also increasing. However, economists aren't predicting the classic wage-price spiral that historically occurs to keep inflation high, The Wall Street Journal reported Oct. 31.