By Alex Bridges -- firstname.lastname@example.org
WINCHESTER -- Valley Health's efforts to "recalibrate" positions will hit salaries across the hospital network, officials said Friday.
The initiative means many workers could see their "shift differential" pay cut but, as two administrators explained, the system plans to compensate those affected employees with bonuses or other means "to make them whole."
The initiative began roughly a year ago after Elizabeth Savage-Tracy took over as Valley Health's vice president of human resources. As the new person in charge of the department, Savage-Tracy recalled taking a look the "total rewards program" to make sure it was fair, competitive and sustainable.
Total rewards includes all benefits, such as health insurance, welfare, retirement plans, as well as compensation -- base and premium pay. Premium pay includes shift differentials and career-ladder pay. Total rewards also includes "access management" -- vacation, holiday pay and other benefits.
To read the entire story, follow this link: http://www.nvdaily.com/news/2011/11/valley-health-recalibration-to-hit-workers-across-network.php