Mayo Clinic staff to get phased-in 2% pay increases

Dive Brief:

  • Mayo Clinic plans “salary adjustments” for its allied health staff in 2017, according to a Post Bulletin report.
  • Pay adjustments at the Arizona, Florida and Rochester campuses are slated to start Feb. 22, while staff at the Mayo Clinic Health System must wait until June 28, the report adds. 
  • The raises will be “calculated by multiplying the new pay range maximum by 3%” for allied health staff in Arizona, Florida and Minnesota, all shared service staff, and employees of the MCHS.

Dive Insight:

Mayo officials wouldn’t confirm the increases and specific details were not disclosed. Yet pay raises would come at a time when the country is facing an alarming shortage of healthcare professionals. The Association of American Medical Colleges predicts a physician shortage ranging between 61,700 and 94,700 by 2025. Pay growth could help cut the physician and nursing shortage. 

“Mayo Clinic’s compensation program is competitive, and salary adjustments are made based on market trends and affordability,” spokeswoman Kelley Luckstein told the Post Bulletin. “Salary increases allow us to continue to attract and retain the best employees and staff who make Mayo Clinic a destination for providing hope and healing," Luckstein added.

Glassdoor reported in November 2016 salaries for registered nurses, pharmacy technicians and medical assistants increased above those for the average employee across the U.S. and in five metropolitan areas.

Filed Under: Finance Hospital Administration
Top image credit: Wikipedia