Home > Resources > Whitepapers > 5 Ways Compensation Planning Can Improve Employee Retention

5 Ways Compensation Planning Can Improve Employee Retention

June 28, 2019

For most healthcare organizations, their greatest expense-and greatest differentiator-is their employees. Numerous studies have shown that a competent, tenured workforce is key to achieving positive outcomes. In this paper, we look at the role compensation can play in supporting employee retention and suggest ways healthcare organizations can use a strong compensation strategy to reduce employee turnover.

Spotlight

ABERDEEN

Aberdeen provides intent-based marketing and sales solutions that deliver performance improvements in advertising click through rates and sales pipeline resulting in a measurable ROI. Our intent data is the largest scale, most accurate and highly targeted in the market. We don’t force clients to buy more software; our products plug into clients’ existing marketing and sales tech stack via data feeds, embedded analytics and apps. For clients seeking a full service approach, we offer intent targeted advertising and cost per lead programs.

OTHER WHITEPAPERS

Succeeding In Value-Based Care With A Next-Gen Revenue Cycle

whitePaper | January 17, 2020

Value-based reimbursement (VBR) models are becoming more common. Success under these models depends on showing positive improvement in key metrics, but providers often struggle to accurately report the quality of care provided. A next-generation revenue cycle that combines clinically aware artificial intelligence (AI) with an unmatched foundation of evidence-based medical research and knowledge provides the transparency necessary to both accurately report care quality and directly influence the patient satisfaction quality metric. This paper reviews how a well-tuned revenue cycle can help hospitals succeed with value-based contracts, earning appropriate incentives and avoiding penalties.

THE FUTURE OF HEALTHCARE

whitePaper | April 7, 2022

The global healthcare industry is facing a seemingly insurmountable number of challenges – from aging populations and staff shortages to rising costs

Can Technology Relieve Pulmonary Complications—and the Staffing Shortage?

whitePaper | March 3, 2023

Hospitals throughout the United States and worldwide have struggled with understaffing for years, with the effects of the COVID-19 pandemic pushing them to their limits.

DIGITAL HEALTH

whitePaper | April 28, 2022

The authors would like to express their gratitude to those who contributed to this research either by participating in the surveys carried out during the EIT Health Morning Health Talks or the in-depth interviews.

7 Steps to Help Prevent Ransomware Attacks against Healthcare Delivery Organizations

whitePaper | November 17, 2021

Nearly every healthcare provider has been hit by ransomware, and the onslaught continues unabated, now affecting patient care with once-unimaginable patient-care consequences. This whitepaper, crafted with healthcare CISOs, details seven critical areas to defend or recover from ransomware attacks. Its pragmatic approach helps ensure business operations and patient care while giving risk teams the tools to manage third parties and other systems involved in business and clinical value chains.

2022 Healthcare CybersecurityYear in Review, and a 2023Look-Ahead

whitePaper | February 9, 2023

remote working on the labour market opportunities for adults with disabilities shouldn’t be overstated, given that the prevalence of remote working among disabled workers is no higher than among the overall population. And what really matters is the type of work on offer to individuals.

5 Ways Compensation Planning Can Improve Employee Retention