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Did anyone see this article? Charleston was listed third. Just looking for comments, whether you agree or disagree...
Charleston-North Charleston-Summerville, SC - pop. 245,472 - 8.1% avg. salary increase
The Medical University of South Carolina gives weight to this area's healthcare industry and is inspiring recent investment in the biosciences. This adds to Charleston's already strong transportation/logistics industry -- the Port of Charleston is among the most efficient ports in North America, and that should keep business rolling and wages rising.
10 Great Cities for Salary Growth (http://hotjobs.yahoo.com/salary-articles-10_great_cities_for_salary_growth-27 - broken link)
Basing this on MUSC is dangerous. They have been having money problems lately due to the construction of a very expensive new hospital and the continuously tanking economy.
See the new hospital was, at first, almost entirely devoted to cardio and gastro patients. It was also heavily reliant on surgery in those two areas. Except for rare and extreme cases most insurance companies consider those types of surgeries to be elective and have tighter restrictions on payment. The punchline here is that the MUHA (Medical University Hospital Authority) has been in a de facto hiring freeze for months and at this point they will only hire for necessary clinical positions. From speaking with some employees I learned that they also aren't doing performance increases this year.
The University side is in only a slightly better position but they are at the whim of the state budget which isn't in the greatest shape right now. The University is actually requiring many of their lower level employees to take a 10 day unpaid furlow in order to cut costs.
Did anyone see this article? Charleston was listed third. Just looking for comments, whether you agree or disagree...
Charleston-North Charleston-Summerville, SC - pop. 245,472 - 8.1% avg. salary increase
The Medical University of South Carolina gives weight to this area's healthcare industry and is inspiring recent investment in the biosciences. This adds to Charleston's already strong transportation/logistics industry -- the Port of Charleston is among the most efficient ports in North America, and that should keep business rolling and wages rising.
10 Great Cities for Salary Growth (http://hotjobs.yahoo.com/salary-articles-10_great_cities_for_salary_growth-27 - broken link)
that's very old data and very incorrect...
those area's combined are well over 400K now, MUSC is in big trouble and may be firing hundreds of employees, the ports are in shambles too because it's largest costumer is packing up and heading to Georgia meaning many there will lose their jobs as well
bosch is trying to kick many of it's employees to the curb too, as well as many other large industries/companies here... nothings going up right now, even state/county employees are losing jobs and having to take unpaid days of leave
the avg pay here is way below places like Atl and Charlotte as it is, things aren't looking great here or anywhere right now
it's highly unlikely salaries here will rise anytime in the near future IMHO, businesses large and small are folding left and right here
I agree with Meks. Things are looking very good around here like many other places. I think it's just starting to get bad here. My sister works in an office at the ports and not only is Maersk leaving but so is another company. She said business is very slow so she is hoping she will continue to have a job.
Basing this on MUSC is dangerous. They have been having money problems lately due to the construction of a very expensive new hospital and the continuously tanking economy.
See the new hospital was, at first, almost entirely devoted to cardio and gastro patients. It was also heavily reliant on surgery in those two areas. Except for rare and extreme cases most insurance companies consider those types of surgeries to be elective and have tighter restrictions on payment. The punchline here is that the MUHA (Medical University Hospital Authority) has been in a de facto hiring freeze for months and at this point they will only hire for necessary clinical positions. From speaking with some employees I learned that they also aren't doing performance increases this year.
The University side is in only a slightly better position but they are at the whim of the state budget which isn't in the greatest shape right now. The University is actually requiring many of their lower level employees to take a 10 day unpaid furlow in order to cut costs.
Glad I left that hospital when I did!
That is really good info, thanks to all. What about Roper and East Cooper or Trident? I started another thread about the heatlhcare but no one responded. Are they in bad shape too seeing as they are building new hospitals? Wasn't Google supposed to be moving some offices down here?
those area's combined are well over 400K now, MUSC is in big trouble and may be firing hundreds of employees, the ports are in shambles too because it's largest costumer is packing up and heading to Georgia meaning many there will lose their jobs as well
bosch is trying to kick many of it's employees to the curb too, as well as many other large industries/companies here... nothings going up right now, even state/county employees are losing jobs and having to take unpaid days of leave
the avg pay here is way below places like Atl and Charlotte as it is, things aren't looking great here or anywhere right now
it's highly unlikely salaries here will rise anytime in the near future IMHO, businesses large and small are folding left and right here
Agreed. The POC is losing business to Savannah, and with state funding being slashed, the pot for MUSC can't be that far behind. Couple that with one of (if the the) highest cost of living in the state, with an economy that is still based primarily on service & light industrial jobs, the article paints a very inaccurate picture of Chucktown.
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