Tanner Health Increases Minimum Wage to $14 Per Hour
Wednesday, October 16, 2024
Tanner Health announced today that the organization is raising its minimum wage from $12 per hour to $14 per hour, effective Monday, Oct. 21.
“This decision reflects our commitment to remain competitive with local employers and support our employees amid ongoing economic pressures,” said Loy Howard, president and CEO of Tanner Health. “We examined the hourly rates of other companies within our service area and decided to increase our minimum wage to remain in alignment. Our goal is that a higher minimum wage will also alleviate some of the stress our employees have experienced due to higher gas and grocery prices.”
Tanner believes that its people are its most valuable asset, and along with supporting the healthcare needs of the local community, the organization has an unwavering focus on the total well-being of its employees, including their physical, mental, emotional and financial health.
“We review all wage scales annually to remain on track with federal requirements and adjust to changes in the market,” said Jill Anelli, Tanner Health’s chief human resources officer. “The last increase to our minimum wage occurred in 2022, and since then, we’ve been evaluating our position and preparing for further growth.”
Additionally, Tanner’s new minimum wage provides stability for positions that have been challenging to retain and complements other investments the organization has made to support its workforce, including a recent increase in its 401(k) employer match.
“This increase is coming at a strategic time,” said Howard. “As we prepare for the upcoming holiday season, our employees’ welfare is more crucial than ever. This will allow our people to succeed, and it will enable Tanner Health to recruit and retain top talent — making us a stronger, more stable organization that is better able to provide remarkable care to each of our patients.”
The minimum wage increase applies to both existing and newly hired employees, and all impacted individuals will see the the new rate reflected on their first paycheck in November.