Launching a performance-based pay plan.
Performance-based compensation is increasingly replacing the annual bonus as hospitals seek ways to motivate their management. Two Ernst & Young authorities outline how to establish the incentive approach and put the performance measures in place. In the process, the performance goals should communicate what's important to the organization.
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D004649:Employee Incentive Plans; D004650:Employee Performance Appraisal / Q000191:economics*; D010557:Personnel Administration, Hospital / Q000379:methods*; D012201:Reward; D012456:Salaries and Fringe Benefits; D014481:United States