The Strengthening People and Revitalizing Kansas committee released a breakdown Oct. 11 of how they are splitting the State Finance Council's $50 million for hospital nurses.
Compensation Issues
Valley Forge, Pa.-based investment management firm Vanguard issued an apology Oct. 8 to employees and retirees over cutting promised health benefits.
Each dollar that the minimum wage increases reflects an additional percentage point that low-wage workers will not have health insurance, according to researchers.
Amid a year of record-high profits for insurers, payer CEOs also saw shifts in their compensation, according to an Oct. 8 AISHealth report.
Bozeman (Mont.) Health is investing $25 million in its employees over the next five years, including a minimum wage increase to $17 an hour that will be implemented Nov. 12.
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Providence, R.I.-based Lifespan is giving its employees "thank you bonuses" for their work during the COVID-19 pandemic, with the amount dependent on the number of years they've worked.
Pay increases have become a popular move among health systems as many struggle to retain and recruit employees during the COVID-19 surge.
Avera Health is boosting its minimum wage to $17 per hour, part of a $50 million investment in employee recruitment and retention, the Sioux Falls, S.D.-based health system said Oct. 6.
New Lennox, Ill.- based Silver Cross Hospital plans to enhance its rewards program and employee compensation in a move that will affect nearly every employee.
Compensation Advisory Partners released a report Sept. 30 about CEO and CFO compensation in fiscal year 2020, based on a sample of 135 companies with a median revenue of $12 billion.