YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

CoxHealth is continuing to pay employees who are unable to work due to coronavirus confirmation or exposure.
SBJ file photo
CoxHealth is continuing to pay employees who are unable to work due to coronavirus confirmation or exposure.

CoxHealth sets aside $2.7M for paid time off

Posted online

CoxHealth created a $2.7 million fund as an investment in employees impacted by the coronavirus.

The fund is designed to pay for up to two weeks of paid time off for employees who are unable to work due to COVID-19 confirmation or exposure, according to a news release.

“We made this decision for the benefit of our employees who may be affected by COVID-19, as we want to support them in this time of uncertainty. We feel it’s the right thing to do,” CoxHealth President and CEO Steve Edwards said in the release.

The $2.7 million sum is based on 10% of the health care system's employees utilizing the benefit. It's covered by operating revenue from CoxHealth, as well as funding that had been set aside for an annual employee banquet, which was canceled over COVID-19 concerns.

An extension to existing earned time off and sick leave programs, the benefit is available to full- and part-time employees, according to the release.

CoxHealth ranked No. 1 on Springfield Business Journal's 2019 list of the area's largest employers, with 11,754 local employees.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
PBA tourney puts spotlight on Springfield

Tournament hosts say nationally televised PBA event puts area bowling on the map.

Most Read
SBJ.net Poll
How should the city's final ARPA funds be spent?

*

View results

Update cookies preferences