Facts Matter. You Matter. – Message #9

FICTION: The union claims that Sharp does not invest in its employees. 

FACT: Investing in our people is a top priority at Sharp, so much so that it’s one of our Pillars of Excellence. Our People pillar demonstrates our commitment to a “values-driven culture that attracts, retains and promotes the best and brightest people, who are committed to Sharp’s mission and vision.” Recent examples of that commitment include:

• Early implementation of the SB 525 health care minimum wage as of May 26 (raising Sharp’s minimum wage to $23 per hour) despite the state legislature delaying implementation of this law until fall 2024.
• Sharp has made – and continues to make – adjustments across our workforce to ensure equitable, competitive compensation. Over the last two fiscal years, Sharp has made significant investments in staff wages, including a 5% across-the-board (ATB) increase for all staff in October 2022; and a 3.5% ATB increase for all non-represented staff last fall. These and other wage increases represent an investment of more than $150 million in staff compensation since FY2022.
• Sharp’s generous benefits add 25% or more to an individual’s total compensation, with free employee health insurance coverage, free employee dental insurance and Sharp contributions to retirement plans and other benefits.
• Sharp is proud to help team members advance their careers through a generous education program designed to minimize educational costs to employees, including free tuition opportunities and tuition assistance programs, up to $5,000 annually per employee. Sharp’s pre-funding for high priority workforce programs available through the Guild education platform means that team members can avoid upfront out-of-pocket educational costs. Nearly 8,000 employees have signed up for a Guild education account since the program was launched in January 2023.

These and other investments we make in the people of Sharp, and our commitment to The Sharp Experience, are among the reasons why our employee retention rate sits at nearly 90%, which is among the highest in the state for hospital systems, according to the California Hospital Association, and a key metric of employee satisfaction.

Facts matter. You matter.

Get all the facts about collective bargaining and unionization at sharpstayinformed.