New compensation strategies support quality initiatives.
Three significant trends will dramatically affect human resources management within the healthcare industry in the next decade: changing workforce demographics, declining reimbursement revenues, and increasing demands for high quality services. These trends will require healthcare organizations to develop compensation programs that tie the effectiveness of their human resources to productivity measurements, total quality management initiatives, and individual employee empowerment.
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William M. Mercer, Inc., Indianapolis, IN.
D003710:Demography; D004649:Employee Incentive Plans; D004650:Employee Performance Appraisal / Q000191:economics; D005006:Ethnicity; D005377:Financial Management, Hospital; D015279:Organizational Culture; D010557:Personnel Administration, Hospital / Q000191:economics / Q000639:trends*; D012201:Reward; D012456:Salaries and Fringe Benefits; D017749:Total Quality Management / Q000458:organization & administration*; D014481:United States