In a history-making day for Texas Children’s, thousands of team members and Baylor College of Medicine staff members based at Texas Children’s locations are receiving on Sept. 17 the first of three special payments that recognize their hard work and continued commitment.
Initially announced by President and CEO Mark A. Wallace in August, the 1-2-3 Retention Program is another step forward in the Tomorrow, Together initiative that Texas Children’s has made in our people. The program impacts every employee below the director and physician level, including our part-time and per diem team members.
1-2-3 is the first program of its kind ever to be implemented at Texas Children’s. Here’s how the payments work:
- Retention Payment 1 on Sept. 17, 2021: Full-time team members will receive 1 percent of their salary or $500, whichever is greater, while part-time and per diem team members will receive 1 percent of their salary or $250, whichever is greater.
- Retention Payment 2 on March 18, 2022: Full-time team members who remain employed with Texas Children’s until this date will receive 2 percent of their salary or $750, whichever is greater, while part-time and per diem team members receive 2 percent of their salary or $375, whichever is greater.
- Retention Payment 3 on Sept. 16, 2022: Full-time team members who remain employed with Texas Children’s receive 3 percent of their salary or $1,000, whichever is greater, while part-time and per-diem team members will receive 3 percent of their salary or $500.
- Baylor Dates: Payout dates for Baylor may vary based on their payroll schedule.
To download a handy chart about the 1-2-3 Retention Program, click here.
For answers to frequently asked questions about Tomorrow, Together, click here.