Category: Compensation Issues

More employers opted out of holiday bonuses this year than last, while 81 percent of those that did extend bonuses kept the value flat, according to a year-end report from Challenger, Gray & Christmas. 

Controversy driven by bonuses paid out to MetroHealth System’s former CEO has intensified criticism of hospital CEO pay at large, with one former MetroHealth physician calling for it to be capped at $800,000 — twice as much as the U.S. president earns.

Travel nurses in South Dakota earn an average of 287 percent what RNs in the state earn, the highest gap of any state.

Year over year, median total cash compensation for physician assistants and nurse practitioners climbed by 4.5 percent, according to a survey released Dec. 7 by consulting firm SullivanCotter. 

Year over year, median total cash compensation for physician assistants and nurse practitioners climbed by 4.5 percent, according to a survey released Dec. 7 by consulting firm SullivanCotter. 

In the fight to attract talent, companies began offering pay hikes to stand out from their competitors. That trend appears to be continuing even as the labor demand softens, The Wall Street Journal reported Dec. 4. 

The following hospitals and health systems have announced or shared plans for raising workers’ pay since Nov. 23:

Mayo Clinic returned to raises for its executive team in 2021 with top-paid employees seeing the largest increases of 20 percent or more, the Rochester Post Bulletin reported Dec. 8.

The average weekly travel nurse pay in November in the U.S. was $3,204, down 16.32 percent from $3,829 during the same month in 2021, according to a report from Vivian Health, a national healthcare hiring marketplace.    

The average weekly travel nurse pay in November in the U.S. was $3,204, down 16.32 percent from $3,829 during the same month in 2021, according to a report from Vivian Health, a national healthcare hiring marketplace.