October 5, 2021, Press release
CHARLOTTESVILLE, October 5, 2021 – To help reward and retain team members who have served patients consistently throughout the COVID-19 pandemic, UVA Medical Center is pledging more than $ 30 million dollars in fiscal year 2022 to increase compensation.
The pay increase will include market wage adjustments for a large portion of the medical center’s workforce.
“As we continue to be impacted by the pandemic, we are acutely aware of the current operational challenges that impact our team members,” said Wendy Horton, CEO of UVA Medical Center. “We have prioritized compensation as essential to our operations, and the more than $ 30 million we spend on compensation represents a significant budgetary increase over previous years.”
Compensation increases during this fiscal year are a starting point in a multi-pronged approach to retain and recruit talented team members.
“Staffing, retention and compensation are our top strategic priorities,” said Horton. “We are committed to achieving a competitive compensation position in the market for our team members and to improving our ability to reward, attract and retain our most valuable assets – our people – and for this reason, we have incorporated this commitment. in our long-term financial plan. .
In January, the medical center will complete another market review with updated data to see if there have been any major changes in the healthcare market that impact future compensation planning. UVA Health will support this work Senior Senior Director for Talent Acquisition and Retention, Charles Bodden, who began in her role on September 27. Bodden leads a consolidated recruiting team to attract, hire, assess, hire, promote and retain the exceptional talent needed to provide excellent patient care and drive strategic healthcare system initiatives.
“UVA Medical Center is deeply proud and appreciates the dedicated members of its team,” said Horton. “We want each member of our team to feel fulfilled and rewarded for their unwavering commitment to our patients and to this organization. Every day, thanks to their contributions and their sacrifices, our team builds a more dynamic UVA health.