When the COVID-19 pandemic first struck, I doubt many of your first instincts were to think about money. But as it began to take a financial toll on our institution and benefits like retirement contributions and merit increases were suspended, it became hard not to think about. Luckily over a year later, we are in a much different position—greatly due to your hard work.
Our clinicians, nurses and staff, hampered throughout the year by closing clinics and cancelled procedures, have maintained both COVID and non-COVID clinical operations and managed to consistently bring in more money than our downward COVID-revised budget.
Our researchers never missed a beat, transitioning to studying COVID-19 or adapting to new regulations and continuing to secure funding even as labs closed and our scientists were forced to work from home.
I’d like to express my sincere thanks to each and every one of you. The below outcomes reflect your hard work to maintain a semblance of normalcy even as the pandemic surged during the latter part of the calendar year.
JHU:
- Restoration of retirement contributions from January to March, 2021 (distributed at the end of March)
- Restoration of retirement contributions from July to December 2020 (to be distributed on Friday, May 28)
- Resumption of hiring starting July 1
- Resumption of merit pay increases on July 1
For more info, read the full update from Feb. 5.
JHHS:
- A two percent base pay increase for eligible JHHS employees effective February 28, 2021
- Restoration of retirement contributions as of July 4
For more info, read the JHHS Compensation and Benefits Update from Feb. 5.
In March 2020, we did not know what was coming. Even now, we cannot predict the future. What we do know is that your efforts and commitment to this institution have helped us exceed expectations during a time of crisis. We are incredibly lucky to have such a talented and hardworking group of individuals, without whom we would not have achieved such a strong financial result in the face of such a tough year.
I am deeply grateful and in awe of the tremendous sacrifices, outstanding work and resilience of our nurses, physicians, scientists and staff, particularly during the time of the COVID-19 pandemic. I hope all of you have time to relax (at least a little) during this Memorial Day weekend.
-Mark
Check out Supporting the Health and Well-Being of JHM Faculty and Staff from the Office of Well-Being for resources to support your financial well-being.
