Category: Compensation Issues

Pittsburgh, Pa.-based Allegheny Health Network said it will invest more than $92 million in pay increases and benefits.

Ronald Rittenmeyer will serve as executive chair of Tenet Healthcare until the end of 2023 under an amended employment agreement entered into in late February, according to a filing with the Securities and Exchange Commission. 

Among age groups, the youngest American workers are experiencing the largest wage gains as employers compete to fill staffing gaps in a tight labor market, The Wall Street Journal reported Feb. 28.

Charlotte, N.C.-based Atrium Health is making a $115 million investment in employee compensation in response to the staff’s work amid the COVID-19 pandemic.

Despite many CEOs cutting their base salaries last year due to the pandemic, those moves had little effect on overall CEO pay, according to an annual report from the nonprofit shareholder advocacy group As You Sow. 

About 35 percent of healthcare and social assistance establishments increased wages and salaries, paid wage premiums or provided bonuses because of the COVID-19 pandemic, according to a Feb. 18 Bureau of Labor Statistics report.

Registered nurses in the U.S. make an average of $80,010 annually, but nurses in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics.

Nonprofit hospital CEOs make an average of eight times more than workers without advanced degrees, according to an analysis by the Lown Institute of more than 1,000 hospitals. 

Certified registered nurse anesthetists in the U.S. make an average of $189,190 annually, but CRNAs in some states make much more than the mean annual wage, according to the Bureau of Labor Statistics.

Disparities in starting salaries for female and male academic physicians contribute to their earning potential throughout their career, according to a study published Feb. 18 in JAMA Network Open.