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. 1989 Jul;43(7):42, 44, 46.

Compensation strategy motivates executives to achieve goals

L A Lawrence, D T Sagolla, S R Laverty
  • PMID: 10293218

Compensation strategy motivates executives to achieve goals

L A Lawrence et al. Healthc Financ Manage. 1989 Jul.

Abstract

A compensation strategy helps healthcare organizations motivate key executives to achieve business goals. Such a strategy has five elements: base salary, annual incentive plans, long-term incentive plans, perquisites, and benefits. In designing a compensation package, an organization should consider the managerial model of its executives plus the institution's culture and its position in the business life cycle.

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