Memorial Healthcare System Raises Wages for Nearly 2000 Employees
June 13, 2023
Health Leader Makes Additional $2 Million Investment in its Workforce
Memorial Healthcare System, which employs more than 15,000 South Floridians, has raised its minimum hourly wage to $16. The increase positively impacts nearly 2,000 people, more than 10% of Memorial’s workforce, and took effect June 4.
The increase was unanimously approved by commissioners of the South Broward Hospital District, the public healthcare system’s governing board. It represents an additional investment of more than $2 million in the regional workforce.
“We’ve taken this step because we’re dedicated to providing all members of the Memorial family with the resources they need to remain personally and professionally satisfied,” said K. Scott Wester, president and CEO of Memorial Healthcare System. “By investing in our employees, we also invest in their families, and the larger South Florida community we serve.”
The pay raise also increases the value of Memorial’s benefit packages, including paid leave, disability leave, and contributions the system makes to employee retirement plans.
The minimum wage in Florida is scheduled to increase to $12/hour later this year. Memorial’s previous minimum hourly wage for employees was $15.
With more than 15,000 employees in South Florida, Memorial competes for local talent not just with other healthcare providers, but with other industries as well. Its new minimum hourly wage compares favorably to large organizations in retail, travel, and hospitality.