Modern Healthcare | 2021: Annual Executive Compensation Article
Healthcare organizations focus on recruitment and retention of key executive talent as industry attention on diversity, wellness and other long-term transformations intensifies.
As the healthcare industry continues to respond to the extraordinary and unprecedented impact of the COVID-19 pandemic, organizations are evaluating and adjusting their executive compensation practices to adapt to the changing landscape.
Competition to fill executive positions is becoming increasingly challenging with limited talent available with the skills, experience and competencies needed to successfully lead complex healthcare organizations through the post-pandemic environment. In addition, the definition of organizational success is changing as strategic and operating plans are updated.
Featured in Modern Healthcare’s annual executive compensation article, SullivanCotter’s Bruce Greenblatt and Tom Pavlik share data from SullivanCotter’s 2021 Health Care Management and Executive Compensation Survey, and highlight some of the actions organizations are taking to draw in and retain executive talent, while also focusing on the recovery that lies ahead during such an uncertain time.