Mayo Clinic will boost pay by 6%, biggest raise in decades - Jacksonville Business Journal

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Mayo Clinic plans its biggest pay raise in decades

Mayo Clinic plans to give raises of 6%— nearly twice as much as the national average annual pay hike — to a cohort of workers that numbers in the tens of thousands.

The Rochester, Minnesota-based health system, which operates major campuses in Jacksonville as well as Minnesota and Arizona and also supports a broad network of smaller clinics, says that the raises will apply to eligible staff in 2023. Workers affected range from nurses and medical technicians to maintenance workers, though it does not apply to employees currently operating under union-negotiated contracts. The Star Tribune put the number of eligible workers

across Mayo's entire operation. Officials told the paper that the raise represented the largest broadly-applied pay hike by Mayo in two decades.In a statement, Mayo Clinic said,"Throughout the many challenges of the last few years, Mayo Clinic staff have stepped up to meet the evolving needs of our patients while living out our Mayo Clinic values every day," and the raises were a reflection of that.

The health system is also facing the tightest labor market in years and higher inflation, both of which drive up salary pressures nationwide. Standard pay raises for years hovered around 3% to 3.5%, but a report by compensation analytics firm Salary.com this month showed that

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Mayo Clinic will boost pay by 6%, biggest raise in decades - Jacksonville Business JournalMayo Clinic plans to give raises of 6%— well above the national average annual pay hike — to a cohort of workers that numbers in the tens of thousands.
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