Reward employees, achieve goals with incentive compensation.
Incentive compensation, rewarding employees financially for extraordinary performance, can be a motivational tool for healthcare organizations. This method of compensation uses a financial reward as an incentive for executives to achieve certain predetermined, agreed-upon goals. Incentive compensation provides two advantages for the healthcare organization--it provides a mechanism to maximize organizational productivity and it gives executives a means to achieve greater compensation.
D004649:Employee Incentive Plans; D005376:Financial Management; D005377:Financial Management, Hospital; D010557:Personnel Administration, Hospital / Q000379:methods*; D010559:Personnel Management; D012201:Reward; D014481:United States