title: Long-term incentive pay plans: a value option for healthcare organizations.
abstract: Long-term incentives allow organizations to reward certain executives for performance without increasing base salaries or annual incentives. When designing long-term incentive packages, organizations should: Focus primarily on strategic goals spanning multiple years. Ensure that long-term goals are supportive, yet not duplicative of annual goals. Balance financial imperatives with longer-term quality and satisfaction initiatives
authors.affiliation: U.S. Healthcare Practice, Hay Group, Atlanta, USA. bill.quirk@haygroup.com
authors.forename: William
authors.initials: W
authors.lastname: Quirk
mesh_terms: D017598:Efficiency, Organizational; D006740:Hospital Administrators / Q000191:economics*; D006788:Hospitals, Voluntary / Q000191:economics; D009937:Organizational Objectives; D012201:Reward; D012456:Salaries and Fringe Benefits / Q000191:economics*; D014481:United States