Two studies published Oct. 6 — one by Mercer shared with Becker's and one by Willis Towers Watson — project employer health benefit costs to increase between 4.7 and 5.2 percent in 2022.
Compensation Issues
To thank staff for their work during the COVID-19 pandemic, Sentara Healthcare is giving 98.5 percent of its employees a bonus of up to $2,000.
Charlottesville-based University of Virginia Health System is dedicating more than $30 million in fiscal year 2022 for increased compensation as a way to reward and retain staff.
As physicians and nurses deal with burnout and hospitals battle staffing shortages amid the COVID-19 pandemic, many facilities are offering their employees bonuses to retain staff and thank them for their work.
Hartford (Conn.) HealthCare is giving bonuses to employees at the end of October to thank them for their work during the COVID-19 pandemic.
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Columbus-based Ohio State University Wexner Medical Center is giving out $1,000 bonuses to more than 15,000 employees.
Columbus (Ind.) Regional Health will increase its minimum wage to $15 an hour starting Oct. 24.
St. Louis-based SSM Health is raising its minimum wage to $15 per hour in four states, effective Oct. 10.
The mean annual wage for pharmacists in the U.S. is $125,460, according to the U.S. Bureau of Labor Statistics' latest occupational employment and wage statistics survey.
Cheyenne (Wyo.) Regional Health System said it will give bonuses and other rewards to employees who get vaccinated against COVID-19.