HR News Beat – Atrium Health invests more than $19 Million in Pay Raises
$19 Million Invested in Pay Raises at Atrium Health
Atrium Health says it’s investing $19 million in pay increases for more than 15,000 employees. Most of those will be nurses and those in nursing support roles. Inpatient nurses can expect a 5% increase while other eligible nursing support roles will see an increase between two and five percent. In a press release from Atrium, the raises are expected to be implemented by the end of March 2019.
“Each year we evaluate our compensation compared to other organizations in our region and nation, and this latest increase is another great example of how Atrium Health remains committed to providing a comprehensive compensation and benefits package for our extraordinary teammates. To attract, recruit and retain talented healthcare professionals and be the first and best choice for care, we know how important it is to maintain a comprehensive market-competitive compensation and benefits package.”
Jim Dunn, System CHRO - Atrium Health.
This is the second year in a row Atrium Health has increased compensation for its teammates.
Atrium Senior Vice President for Workforce Engagement Sebastien Girard is an HR Exchange Network Advisory Board member.
Ultimate Software acquired for $11 Billion
An investor group is purchasing cloud-based HR app developer Ultimate Software for $11 billion. The group is led by private equity firm Hellman & Friedman. According to Reuters, HR software makers are seeing huge profits right now as companies shift to cloud-based applications to help manage HR and payroll. According to Allied Market Research, the cloud human capital management industry is expected to grow to $22.17 billion in 2023. That’s up from $13 billion in 2016.
New executive team of BB&T/SunTrust company named
BB&T and SunTrust are combining. Today, the new company announced who will make up its management team. Each company will have seven representatives on the executive management team for a total of 14.
On Friday, the two banks announced they will combine in a $66 billion deal.
Photo courtesy: Pexels