To address talent recruitment and retention, 70% of hospitals during the past year have increased new-hire pay; 69% have implemented or bolstered sign-on bonuses; 61% have increased minimum-wage scales; 46% offered higher-than-market wages; and 44% have modified their total rewards offering for all employees. Hospitals in 2024 modified or enhanced benefits to further support employees' needs, with:

70% enhancing voluntary benefits and an additional 13% considering it.
67% enhancing tuition reimbursement and 12% considering it
65% offering more financial wellness and planning resources and 14% considering it
40% adding prescription home delivery and 8% considering it
36% offering more student loan repayment or restructuring programs and 31% considering it
35% adding or enhancing gender-affirming care and 15% considering it
32% enhancing employee assistance programs and mental health provider networks and 28% considering it
32% adding nutritional counseling and 9% considering it
31% offering more subsidies for adoption and 16% considering it
28% adding subsidies for backup childcare and 18% considering it
26% expanding fertility coverage and 27% considering it
24% adding subsidies for backup eldercare and 16% considering it
24% adding onsite daycare and 14% considering it

Instant Insights /

U.S. hospitals reduce turnover by bolstering employee pay, benefits

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