Last year, we announced we were moving pay increases to July. As we enter June, it’s time to prepare for increases. Here’s what you can expect this year:
- All eligible Intermountain caregivers in the Canyons and Desert regions will receive an across-the-board 6% pay increase. This 6% pay increase combines the traditional merit and market component of an increase into one flat, combined percentage.
Heather Brace, chief people officer, says this decision comes after a thorough evaluation of current market conditions, turnover, and economic factors, like inflation.
“We live in unprecedented times—and yet, our caregivers continue to rise to the challenge and exceed expectations to help fulfill our mission every day,” says Heather. “This unique approach to annual increases this year reflects our commitment to investing in and rewarding caregivers for their outstanding work, while remaining committed to paying market competitive wages.”
Caregivers who’ve reached the maximum of the pay range for their job will receive a lump sum of up to 6%, depending on their actual base pay increase. Physicians and caregivers on contract-based compensation plans are on a different compensation evaluation cycle and are not eligible for this particular increase.
- Our internal minimum wage, which was increased to $15 an hour in September 2021, is also moving up again—this time to $16 an hour, effective June 26. This move will help Intermountain continue to attract and retain talent, especially in a competitive market.
Nearly 1,000 caregivers whose current wage is less than $16 an hour will receive an increase up to at least the new minimum, or more and will receive at least 6%. And, because of the minimum wage increase, some of the 14,000 caregivers in job grades impacted by the minimum wage adjustment may see increases of more than 6% based on experience.
3. Pay increases are effective June 26, and you’ll see your new amount in your July 15 paycheck (pay period 14) .
Your leader can share your individual increase amount with you now. Beginning June 26, you can view your own increase amount in Workday, using these instructions.
“As a healthcare provider, Intermountain is responsible for managing costs of care and keeping it as low as possible for our patients and members,” Heather says. “But as an employer, we’re committed to offering competitive pay and benefits, especially in a challenging economic environment, so you can take care of yourself and your family. While we must balance these two sides carefully, through judicious financial stewardship efforts, we are grateful we can offer a 6% increase this year. Thank you for your continued hard work and commitment to our patients and members.”
Evaluations are underway for a market adjustment for caregivers in the Peaks region, who received a 3% merit pay increase earlier this year.
In addition to competitive salaries, incentives, and non-monetary compensation, Intermountain strives to provide you with a benefits package that enhances the value of your overall compensation. Outside of pay, Intermountain will continue to invest in education programs like PEAK, offering new training programs like 90-day MA or ccCNA, or offering other development opportunities to help grow our own. Your benefits can account for up to 30% or even more of your total compensation. You can review your individualized information by looking at your Total Rewards Statement in Workday. Click here to get started. Please note, Total Rewards Statements are only available to caregivers in the Canyons and Desert regions at this time.
You can review frequently asked questions about pay increases here. If you’ve additional questions, please talk with your leader or contact Ask HR: 801-442-7547 or askhr@imail.org.
Here’s how Intermountain has addressed compensation over the past year:
· April 2021: Annual increases; 41,056 caregivers impacted.
· June 2021: Nursing job family market adjustment;11,692 caregivers impacted.
· September 2021: Minimum wage moved to $15 an hour; 15,000 caregivers impacted.
· April 2022: Clinical Shared Services market adjustment; 6,000 caregivers impacted.
· April 2022: Leader and caregiver incentives paid out; 38,406 caregivers impacted.
· May 2022: Surgical Technologist (OR Tech) market adjustment; 400 caregivers impacted.
· We increased shift differentials for evenings, nights, and weekends by 5%. Click here to review the FAQs.
Caregivers who received an off-cycle market adjustment are eligible for another increase during this annual increase cycle.
Outside of annual increases, the compensation team will continue to perform regular market analyses for all Intermountain jobs and conduct off-cycle market adjustments as needed to keep jobs market competitive.