Advocate Aurora Health, the parent company of Advocate Christ Hospital has announced that it will increase its minimum wage to $15 an hour by 2021.
In a statement, Advocate Aurora Health said that the purpose of its mission is to help people live well and that begins with its own team members.
The increase will be gradual with plans calling for $13/hr in mid 2019 and $14/hr in early 2020 before the final increase in 2021.
As one of the largest not-for-profit employers in Illinois and Wisconsin, this decision aligns with the company’s longstanding commitment to be market competitive and remain a place that attracts and retains top talent. The statement noted, “Our goal is to be a destination employer where our team members feel valued, have opportunities for growth and connect with our values and purpose-driven culture.”
Advocate said that “competitive wages” are just one aspect of the comprehensive approach they’ve taken to compensation and benefits. Other key components of total compensation include education assistance, a retirement savings program, discounted medical and drug coverage and career advancement initiatives. The statement from Kevin Brady, Chief Human Resources Officer said, “We know that if our team members feel this is the best place to work, our patients will feel this is the best place to entrust their health and wellness.”
Advocate noted that healthcare providers continue to face shrinking reimbursements and soaring pharmaceutical costs, but the company sees this move as a critical investment in its most valued resource, its employees.
The County of Cook passed a Minimum Wage Law which went into effect July 1, 2017, raising the county’s minimum wage to $10 an hour, then increased it each year, reaching $13 by 2020. After that, the minimum wage will be adjusted based on the rate of inflation, not to exceed 2.5 percent. Home rule communities were allowed to opt out of the law and the Village of Oak Lawn did so.