Designing Group Incentive Compensation Plans for Healthcare Employees Healthcare employers across the country are under unprecedented pressure to simultaneously improve quality of care and reduce costs.
Performance is the passport to the future.
The first step in this direction was the widespread adoption of merit increase programs. More recently employers have begun to adopt lump-sum incentive programs of various kinds. They have the additional advantage of not inflating salaries and creating fixed costs. When these programs are poorly designed, however, they have demonstrated the ability to produce unanticipated financial costs, to damage employee morale and to embarrass and frustrate healthcare executives. This program shows you how to design and administer incentive plans that work.