Cincinnati Children's Hospital plans to increase the hourly minimum wage of about 3,000 employees from $11 to $15 next year, according to the Cincinnati Business Courier.
The change is slated to take effect Jan. 5 and cost the hospital $5.5 million annually, the newspaper reported.
Cincinnati Children's, a nonprofit academic medical center with nearly 16,000 employees, joins other U.S. hospitals and health systems in raising its minimum wage.
Hospital CEO Michael Fisher told the Business Courier that the decision "represents a significant, intentional and additional commitment to the well-being and success of our people."
"To be the leader in child health, we need to be a leader in supporting and investing in our people," he added. "Substantially increasing wages is just one way we continue to attract — and keep — top talent at all levels."
More articles on workforce:
Former employees accuse Illinois hospital owner of failing to give lawful termination notice
St. Lawrence Health System seeks to fill more than 120 jobs
Healthcare hiring platform expands efforts to link nurses with permanent hospital jobs