CoxHealth on Thursday announced plans to raise its minimum compensation to $9.50 an hour, with a bump to $10 per hour after six months of service.
CoxHealth, a five-hospital health system based in Springfield, expects the increases to help with recruitment and retention of employees, and reduction of turnover, according to a press release. About 70 percent of CoxHealth’s total turnover is in positions affected by the change, and about 40 percent of current vacancies will be affected by the adjustment.
CoxHealth’s previous entry-level wage of $8.08 is on par with hospitals across Missouri, the release said, but hospital leaders say raising wages is key for the system’s growth, and as an investment in the region.
Read more: Springfield News-Leader