Another strategy is to utilize the consulting firms, which conduct surveys to assess the remuneration market for various executive positions. The World Wide Web has proven to be an invaluable source containing such compensation surveys as HMO Executive Salaries, Hospital and Health Networks Salary Survey and Hospital Executive Salaries. In summary, implement your plan and do your homework. You owe this time invested to yourself and for your family. An excellent question that is being addressed by executives recognizing the high expectations regarding the goals and objectives of a particular position while dealing with less funding and less staff personnel as the reality.
Executives can negotiate for increased time off or flexibility in lieu of higher compensation.
A recent example is a CEO at a rural hospital in the Northeast. This particular CEO has family spread out all over the country. He had been accustomed to a 30-day vacation period per year in his previous CEO position and wished to maintain this vacation time with his new board. The board had offered him a 15-day vacation package. Executives with family obligations need flexibility in their schedules to provide for a well-adjusted family life.