Focus pay incentives on long-term results.
The need to tie executive compensation to results rather than just effort or longevity has spawned the shift to performance-based objectives and the rewards for attaining them. Two consultants say that's not enough: Healthcare organizations must further induce results-oriented behavior by erasing the short-term focus that still permeates performance.
Ferracone
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Siegel
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D004649:Employee Incentive Plans; D004650:Employee Performance Appraisal / Q000191:economics*; D006740:Hospital Administrators / Q000191:economics*; D014481:United States