Update on the 2026 Market Review Process
We appreciate your patience as we have completed the market review process, taking the time to ensure every role was evaluated thoroughly and accurately. This was our top priority. Team members receiving a market adjustment have been notified by their manager and are able to view their updated pay rate information in Workday today. Tomorrow’s paycheck will include this change and any additional pay retroactive to June 28, 2026. While some employees will receive a market-based base pay adjustment as a result of this review, most will not. Adjustments were identified across a variety of departments, professions, job levels and roles because each position was evaluated against external labor market base pay rates rather than as part of a broader employee group. Alignment indicates that base pay is competitive. Steps taken over the past year, including merit increases and interim pay adjustments, have helped position base pay appropriately. Looking ahead, annual merit increases, internal adjustments and external market reviews will continue. The work completed this year will make these annual processes more streamlined. Base pay is one important element of our compensation program. In addition to base pay, Cook Children's continues to benchmark and invest in our benefits, retirement contributions, CareShare, wellness programs, recognition and training initiatives, and other compensation and total rewards offerings. Thank you for your dedication to our patients and members, children and families, one another, and our Promise. To get your frequently asked questions answered, please click here. |