The healthcare industry is going through significant transformation, therefore, it is imperative for organizations to have well-designed executive compensation programs with retention strategies to recruit and retain top talent.
Taking a total rewards and total compensation planning perspective
Aligning the compensation plan design with the mission and strategies of the organization
Creating and maintaining conditions that are favorable to delivering competitive compensation
Designing retention strategies to align the interests of the executives with the stakeholders
To thrive today, healthcare organizations must provide competitive compensation and implement strategies to recruit and retain talented executives. Short- and long-term incentive plans – along with retention arrangements – are increasingly being tied to successfully vying for healthcare’s top talent.