Where there's a will, there's a way. Amidst all the whining and moaning among multinational corporations like, WalMart, McDonald's, Burger King, etc. about their inability to provide living wages to their minimum wage employees, one of the largest employers in Dallas County has found a way. Which one? Parkland Hospital.
That's right, Parkland...
The story's below but, quickly, they were able to take bonus money meant for the hospital's 60 vice-presidents and raise the lowest level employees pay from $8.78 to $10.25 an hour.
And no one committed suicide, no one even had a home or car repossessed!
More importantly, County Judge Clay Jenkins' efforts to make sure that every worker in the county is paid a fair wage is coming to fruition. I've talked with him personally and he is seriously committed to this.
Imagine, not one doctor accused one kitchen worker of being a 'taker'...hmmm!
The lowest-level employees at the hospital currently make $8.78 an hour, and the increase will give about 230 workers a raise. Those workers were already making more than Texas’s minimum wage, which is the same as the federal $7.25 an hour rate. The move also means that every worker employed by Dallas county, inside and outside the hospital, will make more than $10.25 an hour.
The wage increase will cost the hospital about $350,000 a year. The expense will be covered with money from the upcoming quarter’s bonus pool for the hospital’s 60 vice presidents and top executives. That pool was between $750,000 and $1.2 million in the most recent quarter, and it’s between $3 million and $5 million for the full year.
Dr. Jim Dunn, the hospital’s executive vice president and chief talent officer, told Modern Healthcare that the decision was made in the hopes of improving workers’ morale and to provide a living wage. “We really want, in any way possible, to break down any gaps or anything between the top leaders and those who are closest to our patients,” he said. “We feel like it’s the right thing to do.”
Raising wages can help businesses’ bottom lines, as it can improve efficiency, make it easier to recruit workers, and lower turnover. Losing employees to turnover is particularly expensive, as it can cost as much as 20 percent of a workers’ salary to replace her. Other companies have voluntarily raised their minimum wages lately, including retailer Gap, which boosted its lowest pay to $10 an hour...