In this section:
Compensation
Texas Health's compensation policies recognize each individual's value and foster a culture of shared success. We pay above-market salaries and wages, use a performance-based merit system, offer peer-to-peer recognition rewards and performance-based incentives, and subsidize a multitude of benefits.
The healthcare labor market has become increasingly competitive due to mounting inflation and escalating living costs. We proactively analyze industry data to gauge the competitiveness of our compensation packages to attract and retain the exceptional talent we need to fulfill our Mission. Moreover, we conduct an annual equal pay audit to evaluate any statistically significant disparities based on ethnicity, race, and gender to make compensation fair and equitable across our workforce.
Benefits
We offer generous benefits for our diverse care teams to meet their needs and desires while responsibly stewarding financial resources.
These include:
- Medical insurance: We pay approximately 80% of medical insurance costs and tier employee premiums based on their salaries. Employee-only coverage is available for less than $36 per month for those earning under $50,000. We also subsidize health plan costs for older workers moving from full- to part-time status. We offer health plans from various insurers. Our high-deductible option includes a Health Savings Account with employer contributions each pay period. With most medical plan options, employees can consult virtually with physicians 24 hours a day at no extra cost.
- Family-friendly benefits and services: We offer a free childcare subsidy for those enrolled in the daycare flexible spending account, adoption assistance, parental leave, discounted on-site childcare at certain locations, generous paid time off, infertility coverage, lactation support and more. Employees’ family members can also use our Employee Assistance Program, Headspace, tobacco cessation and fitness memberships.
- Retirement: We increase 401(k) retirement plan contributions based on length of employment and start employer contributions at six months of service. After 10 years of service, we contribute up to $1.25 for every $1 that employees contribute (up to 6% of their salaries).
- Education: We offer a $50/month student loan repayment program and reimburse up to $5,250 for tuition and fees for approved degree plans. Texas Health is also a qualifying employer for the federal Public Service Loan Repayment Program.
To evaluate the efficacy and use of our benefit programs and resources, we conduct biannual employee surveys and benchmark against industry standards.
2023 Highlights
Texas Health:
- Completed a pay parity analysis of more than 11,000 employees and found no statistically significant variations. We also raised our socially just minimum wage to $16.50 and increased salaries.
- Began matching 401(k) contributions at six months of service instead of one year.
- Introduced life insurance with long-term care, pet insurance, and a $600 annual childcare subsidy through an employer contribution to a dependent care flexible savings account.
- Eliminated a requirement that employees must use Paid Time Off (PTO) hours to cover time if they didn’t work their standard hours. This gives them flexibility and choice in how to use their PTO.
- Extended immediate benefit eligibility to former employees and reinstated their 401(k) match and PTO accruals at the same level if they were rehired within 365 days.
- Offered free premium membership to Headspace in response to a need for additional mental health support. It is offered to all employees, including those not eligible for benefits. We also expanded access to our employee discount program to those who are non-benefits eligible.
- Earned a “satisfaction with benefits” rate of 73%.
Snapshot: Finding BalanceHighly driven and goal-oriented, Maleisa, a medical lab technician at Texas Health Azle, has always felt fulfilled when juggling multiple life events, projects, professional tasks and family. In 2021, Maleisa decided to return to school and further her education. Working full-time in the laboratory and keeping up with her schooling was demanding yet rewarding. However, she soon found herself at a crossroads between full-time work, full-time school, and a new set of unexpected, life-changing extended family circumstances. “This new turn brought with it an unfamiliar emotional package," Maleisa said. “Think of it as opening a present every morning, and glitter flying everywhere. To be honest, this became frightening.” She realized she was no longer equipped to process her emotions and be her best self, and her husband also noticed she was not coping well. Maleisa reached out to her manager and employee health nurse for guidance. They offered Texas Health’s Employee Assistance Program as a resource to help find some balance. She met with Chiara, a licensed clinical social worker. “Chiara was relatable, compassionate and helped me to come to many self-realizations,” Maleisa said. “I was able to combine techniques she provided together with my personal faith. Most importantly, I learned self-compassion. I am very blessed to work for an organization that offers the services it does. When we take care of ourselves, we are better equipped to take care of others.” |