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Some CEOs say they’ve raised wages this year

This week’s question to South Florida CEOs who are on the Miami Herald CEO Roundtable: Has your company raised wages this year? Why or why not?
This week’s question to South Florida CEOs who are on the Miami Herald CEO Roundtable: Has your company raised wages this year? Why or why not? AP file

This week’s question to South Florida CEOs who are on the Miami Herald CEO Roundtable: Has your company raised wages this year? Why or why not?


Community Care Plan has raised wages this year by rewarding positive performance. CCP also routinely evaluates our current pay ranges versus the competitive regional and industry-specific marketplace.

John Benz, president, CEO, Community Care Plan


Since the implementation of the tax cuts, our organization’s after-tax profits will rise, therefore at the beginning of this year, we decided to re-evaluate the salaries of all associates and were able to increase salaries significantly to most on our team. We also have created a few new positions in order to serve our customers better.

Armando Caceres, CEO, founder, All Florida Paper


Our firm has been doing well for a number of years. We maintain competitive rates in our industry.

Kelly-Ann Cartwright, executive partner, Holland & Knight Miami chair of the firm’s Directors Committee


In a service industry such as ours, employee wages are our highest expense. We have added 10 new positions over the past year and as such, our wage expense has increased significantly. We have always been happy to promote from within and reward employees with greater responsibilities, resulting in higher pay levels commensurate to the new roles created.

Ralph De La Rosa, president, CEO, Imperial Freight


Al-Farooq Corporation has raised wages on average by at least 10 percent this year. We are lucky to be in a time of plentiful opportunities within the construction and architectural fields.

Jalal Farooq, principal, Al-Farooq Corporation


The University of Miami increased wages this year to recognize high-performing faculty and staff. We strive to maintain a competitive total compensation package in order to attract and retain talented, motivated, and diverse team members.

Dr. Julio Frenk, president, University of Miami


We don’t make it a habit of giving raises across the board. We are continually evaluating our employees and giving raises based on performance.

Kaizad Hansotia, founder, CEO, Gurkha Cigars


Over the past several years, we have increased salaries in excess of cost-of-living increases, and we will expand our staff headcount by 20 percent this year.

Javier Holtz, chairman, CEO, Marquis Bank


Yes, however while we don’t release wage information, we do track market wages to remain competitive and continue to attract and retain the best talent.

Camilo Miguel Jr., founder, CEO, Mast Capital


We are a start-up company. We are working toward a goal of all employees getting competitive wages as well as benefits!

Noreen Sablotsky, founder, CEO, Imalac


Yes, we provide consistent inflationary adjustments and we base salary increases on individual performance (pay-for-performance). We also offer bonus plans tied to company performance to align compensation with the success of the organization. We continue to look for ways to retain the best talent and remain a competitive employer in the market.

Steve Upshaw, CEO, Cross Country Home Services


Meet the new members of our CEO Roundtable


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▪ As automation advances, CEOs say humans are still needed

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▪ How CEOs address hostility in the workplace

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▪ Planning, preparation are keys to disaster recovery, CEOs say

▪ CEOs say students who improve certain skills are better prepared for future jobs

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▪ Affordable housing a cause of concern for CEOs

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▪ Meet the new Miami Herald CEO Roundtable

▪ Ahh, the first job. CEOs learned valuable lessons on the bottom rung

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▪ Florida’s legislators must act on economy and education, CEOs say

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CEOs discuss their resolutions for the New Year

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