Restructuring wages and benefits to gain a competitive edge.
Healthcare organizations that are able to develop a cost advantage in their wage-and-benefit programs will have a competitive edge as managed care continues to become more pervasive. Organizations can gain an edge by developing pay systems that reward quality, productivity, and cost containment, and by developing benefit systems that provide cost-containment incentives while meeting organizational recruitment and retention objectives.
Children's Hospital, Columbus, OH, USA.
R J
RJ
Miller
D002648:Child; D004465:Economic Competition; D006264:Health Benefit Plans, Employee; D006745:Hospital Bed Capacity, 300 to 499; D006776:Hospitals, Pediatric / Q000191:economics*; D006801:Humans; D007588:Job Satisfaction; D008329:Managed Care Programs; D009820:Ohio; D010557:Personnel Administration, Hospital / Q000191:economics*; D010560:Personnel Selection / Q000191:economics; D012456:Salaries and Fringe Benefits