Loyola Medicine Invests in Raising Minimum Wage for Workforce
December 8, 2019Categories: Loyola Medicine
Tags: Loyola Medicine
MAYWOOD, IL – Loyola Medicine president and CEO Shawn P. Vincenthas announced that the three-hospital system will voluntarily increase its current minimum wage. Loyola Medicine includes Loyola University Medical Center in Maywood, Gottlieb Memorial Hospital in Melrose Park and MacNeal Hospital in Berwyn, as well as a large network of ambulatory centers.
Valued at an initial annual investment of nearly $3 million, the increase will go into effect on January 5, 2020, boosting the minimum wage at Loyola Medicine to $15 per hour. At present, the current Illinois state minimum wage is $8.25 per hour and will increase to $9.25 on January 1, 2020.
"Our people are our greatest assets," said Vincent. "Offering a higher minimum wage is simply the right thing to do to compensate our colleagues for their hard work and dedication to our mission." Approximately one-third of Loyola's workforce will be affected by the minimum wage increase or by pay increases due to salary compression adjustments.
Loyola Medicine's increase in minimum wage is voluntary and not federally mandated.
About Loyola Medicine
Loyola Medicine, a member of Trinity Health, is a nationally ranked academic, quaternary care system based in Chicago's western suburbs. The three-hospital system includes Loyola University Medical Center (LUMC), Gottlieb Memorial Hospital, MacNeal Hospital, as well as convenient locations offering primary care, specialty care and immediate care services from nearly 2,000 physicians throughout Cook, Will and DuPage counties. LUMC is a 547-licensed-bed hospital in Maywood that includes the William G. and Mary A. Ryan Center for Heart & Vascular Medicine, the Cardinal Bernardin Cancer Center, the John L. Keeley, MD, Emergency Department, a Level 1 trauma center, Illinois's largest burn center, the Nancy W. Knowles Orthopaedic Institute, a certified comprehensive stroke center, transplant center and a children’s hospital. Having delivered compassionate care for over 50 years, Loyola also trains the next generation of caregivers through its academic affiliation with Loyola University Chicago’s Stritch School of Medicine and Marcella Niehoff School of Nursing.
For more information, visit loyolamedicine.org. You can also follow Loyola Medicine on LinkedIn, Facebook, Instagram or X (formerly known as Twitter).
About Trinity Health
Trinity Health is one of the largest not-for-profit, faith-based health care systems in the nation. It is a family of 127,000 colleagues and more than 38,300 physicians and clinicians caring for diverse communities across 26 states. Nationally recognized for care and experience, the Trinity Health system includes 93 hospitals, 107 continuing care locations, the second largest PACE program in the country, 142 urgent care locations and many other health and well-being services. In fiscal year 2024, the Livonia, Michigan-based health system invested $1.3 billion in its communities in the form of charity care and other community benefit programs. For more information, visit us at www.trinity-health.org, or follow us on LinkedIn, Facebook, and X (formerly known as Twitter).