February 7, 2024
Support business diversification and innovation with total rewards programs that address unique operating models, performance expectations and talent needs
In response to an extremely challenging operating environment and sustained financial headwinds, many not-for-profit health care organizations are seeking new business opportunities to diversify and expand their revenue streams.
In a recent article, SullivanCotter outlines important considerations for developing an executive total rewards program for new businesses with strategies and operating objectives that may differ from traditional health system goals.
Organizations must determine how to compensate leaders of a diversified business by considering the specific organizational structure, operating status, talent market, and strategic focus of the entity to inform an appropriate compensation philosophy and program design.