Featuring data and insights from SullivanCotter’s 2024 Health Care Management and Executive Compensation Survey
Attracting and retaining executive talent in today’s market is no easy feat.
The industry is experiencing a critical gap in expertise as health care operations grow more complex and the pool of qualified executives – those with the right mix of skills to lead through such challenging times – remains limited. Many organizations are paying higher salaries, reassessing incentives, and investing more in key positions to stay competitive.
Modern Healthcare’s annual deep dive into executive compensation outlines the top five takeaways from this year’s survey findings:
- Rising base salaries reflect ongoing labor challenges
- Systems are realigning incentive packages as performance improves
- Information technology and cybersecurity executives are becoming a necessity
- Organizations are reassessing their structure and redefining leadership roles
- Leaders are going beyond compensation to cultivate internal talent
