Newsroom
August 11, 2021
Olathe Health to Give Associates Cash Bonuses and Increased Base Pay, in Addition to Other Rewarding Incentives
Olathe Health associates will receive a $700 cash bonus and 2.5% – 3% base pay increase, in addition to several other rewarding incentives, in gratitude for delivering compassionate, quality patient care throughout the pandemic.
“Our associates have been on the front lines of the pandemic, caring for patients during this unprecedented time. We are providing these well-deserved incentives to say ‘thank you’ for their perseverance and dedication,” Stan Holm, CHFP, FACHE, President/CEO of Olathe Health, said.
The multiple incentives are stacked together in an effort to provide both immediate support with cash payments, while also setting the foundation for continued financial enhancements.
The incentives include:
- Cash payments (see chart below for examples of full payment amount):
- $700 bonus payment in August for full-time associates, and then varying levels for part-time and PRN
- 2.5% or 3% base pay increase in September, based on tenure
- Additional merit increase in Q1 2022, with the percentage calculated on top of the new, increased base pay given in September
- Increasing the tuition reimbursement cap to the IRS max amount of $5,250
- Enhancing resources and support to fill open staff positions, like significant referral bonuses
- Initiatives to further enhance the associate experience, including:
- Benefits program enhancements
- Team engagement events to build teamwork and camaraderie like food trucks and Olathe Health “Night at the K”
Sample Impact of Cash Incentives in August and September:
- $15 Hourly Rate associate
- August Cash Bonus (full-time) = $700
- September Base Pay Increase in annualized dollars (2.5%) = $780
- Total “Thank You” Incentive = $1,480
- $30 Hourly Rate associate
- August Cash Bonus (full-time) = $700
- September Base Pay Increase in annualized dollars (2.5%) = $1,560
- Total “Thank You” Incentive = $2,260
Supporting associates and listening to their needs has always been a priority for Olathe Health. In January of this year, Olathe Health raised its minimum wage to $15 an hour to create a more inclusive and equitable environment for all associates.
Even during such an extraordinary time, our associates’ focus on quality patient care has led to Olathe Medical Center (OMC) and Miami County Medical Center both receiving 4-Star Ratings from the Centers for Medicare & Medicaid Services; OMC designation as a High Performing Hospital 2021-2022 in multiple specialty areas from U.S. News & World Report; and OMC being named a Top 100 Hospital in the nation by Fortune/IBM Watson Health.
“Through very challenging times, everyone has trusted one another and persevered…while touching the lives of those we serve,” Holm said. “We appreciate our associates, and we want to make sure they are supported and recognized for their personal sacrifices to advance our mission – to help people through healing, health and happiness.”