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Hospital Uses Executive Bonus Money to Give its Workers A Raise

posted by martyb on Tuesday June 17 2014, @08:08AM   Printer-friendly
from the take-it-from-the-top dept.

gewg_ writes:

Parkland Health & Hospital System in Dallas[1] will raise its own minimum wage to $10.25 an hour next month...
The wage increase will cost the hospital about $350,000 a year. The expense will be covered with money from the upcoming quarter's bonus pool for the hospital's 60 vice presidents and top executives.

After this, every worker employed by Dallas County will make at least $10.25 an hour (still not a living wage by many measures).
Note also that this will barely put a dent in that pool, expected to be at least $3M for the year.

[1] People who have memories of November 22, 1963 will remember that as a historic location

 
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  • (Score: 2) by monster on Wednesday June 18 2014, @08:22AM

    by monster (1260) on Wednesday June 18 2014, @08:22AM (#56831) Journal

    From TFA:

    The wage increase will cost the hospital about $350,000 a year. The expense will be covered with money from the upcoming quarter's bonus pool for the hospital's 60 vice presidents and top executives. That pool was between $750,000 and $1.2 million in the most recent quarter, and it's between $3 million and $5 million for the full year.

    The $350.000 figure is for the whole year, so it's OK to compare it to the pool for the whole year ($3m-$5m) and not for just the last quarter.

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