In a changing economic landscape, designing effective compensation strategies for executives, physicians, advanced practice providers and other employees is more challenging than ever before.
Developing competitive programs that drive individual performance and align with key organizational objectives is critical as health care and not-for-profit organizations compete to attract and retain the industry’s top talent.
SullivanCotter works closely with clients to design highly customized compensation programs that support organizational priorities. Combining data-driven intelligence with this tailored approach, we help health care and other not-for-profit organizations achieve their business objectives and fulfill their missions while staying in compliance with the changing regulatory environment.
We work with our clients to design compensation programs that help to enhance performance through:
- Total employee compensation and benefits philosophy, policy and strategy alignment
- Base salary and pay-for-performance plan designs
- Cash compensation audits
- Cost impact analyses, implementation planning
- Defining performance and identifying appropriate value-based metrics
- Evaluation of current compensation plans
- Education on market trends and work effort allocation methodologies
- Survey selection and market benchmarking
- Stakeholder interviews and focus groups
- Compensation philosophy development
- Development of conceptual compensation models
- Measurement system and scorecard assessment
- Financial modeling and impact assessments
- Communication/implementation assistance
- Plan administration support
Related Information
Learn how to design competitive compensation programs that help to enhance performance.
Related Resources
INFOGRAPHIC | 2024 Health Care Staff Compensation Survey
Equip your health care organization with the latest employee compensation insights! Download our infographic to preview the 2024 survey results – including annual compensation, salary increase budgets, and projections as we move forward into next year.
Press Release | Unprecedented competition for APPs driving increases in compensation
With the advanced practice provider (APP) workforce in high demand, median total cash compensation (TCC) continues to grow across all specialty categories. Learn more about annual increases in compensation from SullivanCotter's 2024 APP Compensation and Productivity Survey.
Modern Healthcare | Physician Compensation Trends: Housing Assistance, More Bonuses
SullivanCotter's Dave Hesselink recently sat down with Modern Healthcare to discuss how employers are getting more creative – beyond just increasing pay – to attract and retain physicians in a competitive marketplace.