9 Recent Investments in Retaining and Recruiting Hospital Staff

Several states, hospitals and health systems have made investments to retain and recruit employees as the country faces a significant labor shortage.

Nine healthcare workforce investments so far this month, as reported by Becker’s:

1. South Carolina hospital offers employees up to $10,000 for home purchase assistance
Beaufort (SC) Memorial Hospital has created a Homebuyer Assistance Program to help staff buy homes or refinance mortgages, with assistance of up to $10,000.

2. Mayo Clinic will award a 2% raise with multiplier
Mayo Clinic, based in Rochester, Minn., will offer its employees a 2% raise in 2022 with a multiplier of 2.75, which is equal to the raise they received in 2020 before the pandemic and is below the national trend, the Publish a newsletter reported on January 18.

3. UC Health raises minimum wage to $15 an hour
The University of Cincinnati Health has raised the minimum wage to $15 an hour and is offering market wage adjustments and an employee incentive program, The Cincinnati Investigator reported on January 10.

4. Texas hospital offers nurses $20,000 signing bonuses at recruiting event
Corpus Christi, Texas-based Christus Spohn Health System offered up to $20,000 in signing bonuses to nurses at a Jan. 12 recruiting event at Shoreline Hospital.

6. New York Governor Announces $10 Billion Investment in State Health Care Workforce
New York Governor Kathy Hochul announced on January 5 a multi-year investment of $10 billion in health care, including $4 billion for salaries and bonuses for health care workers.

seven. Connecticut’s $34 million aid package to cover lost wages and other expenses for essential workers
Connecticut Comptroller Natalie Braswell and the General Assembly Labor Committee released a $34 million relief package Jan. 3 for essential workers, which covers lost wages, out-of-pocket medical expenses and out-of-pocket expenses. burial of COVID-19, the CT Mirror reported.

8. Billings Clinic recruits nurses overseas
The Billings Clinic (Montreal) is hiring international nurses through a partnership with Avant Healthcare Professionals, a Florida-based company that supplies international nurses to healthcare organizations in the United States, spokesperson Zach Benoit said. Becker’s.

9. Mayo Clinic Health System Fairmont offers sign-up and community referral bonuses
The Mayo Clinic Health System in Fairmont, Minnesota is offering a sign-up incentive for nurses and a community referral bonus for all open positions as part of its latest recruiting efforts.

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