Business

Most CEOs say salaries will increase in 2019

CEOs were asked: Did you increase pay in 2018, and do you plan to increase pay in 2019? Why or why not?
CEOs were asked: Did you increase pay in 2018, and do you plan to increase pay in 2019? Why or why not? AP

==

We increased pay in 2018 to reflect a rise in the consumer price index and also to ensure that our compensation for health care providers is competitive with that offered in South Florida and nationally. We expect to continue to increase pay in 2019 in key areas for the same reasons. Our goal is to attract the most highly qualified health care providers including nurses and others, and retain the exceptional workforce we require for our hospitals and clinics.

Dr. Edward Abraham, executive vice president for Health Affairs of the University of Miami and CEO of UHealth - the UM Health System

==

We believe in proper pay scales for top-performing talent. Because we have several sides to our company, we forecast higher contract rate per hour, but it’s the benefits that makes the difference. The constant rise, tweaking of services and sudden changes in healthcare, necessitates equal understanding when pay scales do not increase with expectations. Once the conversation turns to healthcare benefits, we are all on the same page.

Jim Angleton, CEO for Aegis FinServ Corp.

==

Cleveland Clinic Florida attracts the very best caregivers by remaining competitive in the market with our total rewards package. We frequently review our compensation and are committed to remaining competitive in all of the communities we serve. We have historically given cost-of-living increases as well as increased compensation based on performance.

Wael Barsoum, M.D., CEO and president of Cleveland Clinic Florida

==

Ocean Bank provides yearly merit increases to team members based on their performance, and where applicable, on meeting target goals. In 2019, we will continue the merit program.

Agostinho Alfonso Macedo,

president and CEO of Ocean Bank

==

We had minimal cost of living adjustments in 2018. We do not anticipate any in 2019. We are utilizing this year to build a new 50,000-plus square foot facility. All of our efforts are focused on that. We believe that with this new building, we will usher in a time of prosperity for our foundation and the nonprofits that are under our umbrella. We also think that this expansion will create more growth opportunities for our existing employee base.

Bill Diggs, president, The Mourning Family Foundation

==

For T-ROC, 2018 was another year of investment designed to prepare us to be aggressive in 2019 and beyond. Therefore, a significant portion of that investment was to increase wages. Our three core tenants are to: 1) Stay flat and close to the organization, 2) invest in technology, and most importantly, 3) invest in people. Therefore, T-ROC did increase wages and promoted more than 500 members of our team into higher level positions in 2018. We also launched a new bonus plan for corporate staff. We are always evaluating the competitive environment to attract excellent talent and will continue to find ways to be the employer of choice for our new and existing T-ROCers in 2019. If that includes adjustments to wages, we will make that investment!

Brett Beveridge, CEO and founder

of The Revenue Optimization Companies (T-ROC)

==

In 2018, we were able to provide small cost of living adjustments to employees and plan to provide similar adjustments in 2019. As an organization with a staff comprised primarily of women, and an organization that serves girls, the recent report from FIU Metropolitan Center regarding disparity in pay for women is concerning. It is my hope that employers will keep in mind the gender pay gap and the consequences of this gap when making salary and pay increase decisions.

Chelsea Wilkerson, CEO of Girl Scouts Tropical Florida

==

Yes, we increased pay by an average of three percent in 2018 and plan to increase pay in 2019. Three years ago, when I took the helm as CEO, I explained to my Board of Directors that we had to pay more if we wanted to attract the best in the business to help us become a preeminent agency in the area of child welfare. They understood and agreed to help me increase salaries. As the data shows that our efforts are working, it is easier to convince them to allow me to stay on this track for another two years, even if the economy does not look favorable.

Dorcas L. Wilcox,

CEO of Miami Bridge Youth & Family Services

==

Florida College System institutions have two primary sources of revenue: state funding and tuition. The last few years have included nominal increases, and sometime declines, in state funding for the Florida College System. Tuition for Florida College System institutions is capped by law at $82.78 per credit (the cap has been in place for at least eight years). Accordingly, being in a situation where we continue to fall short on the resources necessary to fully serve our students, there was only room for very modest pay increases in 2018, just as in years past. Even still, we have instituted pay for performance plans to drive funding for student support and for modest pay increases based on student success, enrollment, retention, and on operational efficiencies that increase margins.

Gregory Adam Haile, president of Broward College

==

Yes and yes. The company performed well, and our people deserve to be rewarded for their contribution to that performance.

Jorge Gonzalez, president and CEO, City National Bank

==

The most talented employees aren’t typically motivated by the pay alone, but rather by knowing they are being treated fairly economically and appreciated for their value so they can focus on the joy of what they do. Wages are increasing, and we’ll have to keep pace.

Louis Hernandez Jr., CEO, of Black Dragon Capital

==

Paul Singerman, co-chair of Berger Singerman

==

Other than during the late 1980s savings and loan debacle, and then again during the Great Recession in 2008/09, we have increased our employees’ compensation and bonus packages every year since incorporating in 1986. In fact, the past few years, we’ve given two annual bonuses to our employees, which include doubled salary the week of Thanksgiving as well as a very generous bonus at the end of the year.

James “Jimmy” Tate, co-owner and president

of TKA-Evolution Apparel and of Tate Capital,

and co-founder of Tate Development Corp.

==

I’m not sure what the Miami Super Bowl Host Committee salary structure will be in 2019.

Rashad D. Thomas, vice president of business connect and community outreach for the Miami Super Bowl Host Committee

==

We have increased pay from 2018 to 2019 as there is currently a labor shortage for qualified professionals in the design and construction industry and we believe it is essential to retain our loyal experienced team to grow within the firm.

Manny Angelo Varas,

president and CEO of MV Construction Group

===

THE MIAMI HERALD CEO ROUNDTABLE IS A WEEKLY FEATURE THAT APPEARS IN BUSINESS MONDAY OF THE MIAMI HERALD. RECENT QUESTIONS HAVE INCLUDED

▪ Most CEOs are in ‘growth mode’ with plans to hire more

▪ CEOs’ 2019 economic forecast offers differing views

▪ How CEOs are trying to attract ‘Generation Z’

▪ Most CEOs say PortMiami should expand more, without hurting the fragile eco-system

▪ Should financial institutions reach more ‘unbanked’ people?

▪ Tech scene throughout South Florida is building momentum

▪ CEOs discuss their top workforce challenges for 2019

▪ The best gift? Even for the most successful people, life is about more than business

▪ Recession ahead? CEOs divided on whether they see signs of one

▪ CEOs: Amazon’s strong look at Miami for HQ2 made the region look hard at itself

Biggest influence on CEOs’ careers? Most say it was a parent

▪ Jobs available? CEOs look at their companies

▪ CEOs keep an eye on Miami’s cost of living

The key to retaining employees? Start with good pay and benefits

▪ Live-work-play? More employees opt to live closer to workplaces

Some CEOs say they’ve raised wages this year

▪ Here are some issues CEOs hope lawmakers keep top-of-mind this election year

CEOs offer varying opinions on higher education

▪ Local firms are doing their part to be more eco-friendly

▪ CEOs are all smiles thanks to local economic boom

Is work-life balance a myth? CEOs share their thoughts

▪ CEOs help employees stsruggling with long commutes

▪ Despite airline woes, CEOs are not changing traveling habits

▪ CEOs have diverse opinions on Trump’s tariffs and other actions

▪ CEOs feel pressure to keep wages competitive

▪ South Florida CEOs say that Miami can sustain David Beckham’s soccer team

▪ CEOs hope common-sense control on assault rifles happens soon

▪ Will Amazon open HQ2 in Miami? Maybe, maybe not, but city’s profile rises, CEOs say

▪ We have much to learn about public transit from other cities, CEOs say

CEOs: Cuban coffee, flexibility and beach picnics help employees balance job demands

CEOs discuss how to deal with extreme views in the workplace

▪ Extra guards, added security measures protect staff and clients

▪ As automation advances, CEOs say humans are still needed

▪ Holiday parties celebrate employees and the year’s successes

These CEOs have zero tolerance for sexual harassment

Will automation change your job? Yes — and no, CEOs say

▪ How CEOs address hostility in the workplace

▪ Good storm planning can stave off disruptions, CEOs find

Storms highlighted serious local issues, CEOs say

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

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

▪ Uncertainty about the Affordable Care Act on the minds of CEOs

▪ In a year of challenges, CEOs took risks, learned and grew

▪ CEOs believe community should be involved in making public schools better

▪ Best bosses we ever had inspired, challenged and cared, say South Florida CEOs

▪ South Florida CEOs try to evaluate the nation’s top CEO: President Trump

▪ CEOs’ advice to college students: Network! Internships! Research!

▪ Affordable housing a cause of concern for CEOs

▪ Communication, cool heads key to avoiding public relations nightmares

▪ Meet the new Miami Herald CEO Roundtable

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

▪ It’s getting harder for employees and CEOs to disconnect while on vacation

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

Most CEOs provide paid internships, and everyone benefits

Local firms rich in generational immigrants, CEO say, but deportation efforts worry some

Long hours at the office? CEOs say how they avoid burnout

CEOs prefer balance when dealing with a defiant employee

The most important issue facing South Florida this year? CEOs say it’s traffic

Have you been to Cuba? CEOs discuss business and travel opportunities on the island

CEOs discuss their resolutions for the New Year

CEOs: Trump, ugly politics among the biggest surprises of 2016

CEOs’ top request for Trump’s first 100 days: ‘Unity’

CEOs won’t tolerate ugly comments in the workplace

CEOs assess South Florida’s economy for 2017

Did Obamacare hurt your business? South Florida CEOs respond

  Comments