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Performance-based compensation is increasingly replacing the annual bonus as hospitals seek ways to motivate their management. Two Ernst & Young authorities outline how to establish the incentive approach and put the performance measures in place. In the process, the performance goals should communicate what's important to the organization.
  • JW Moyer
  • Trustee : the journal for hospital governing…
  • 1982
A well-designed executive compensation program can help to motivate and retain key executives. An executive compensation program should be linked to the hospital's objectives, should be competitive in the marketplace, should minimize the executive's taxes, and should meet executive expectations.
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