Implementing Performance-Based Compensation: Newly Released OPEN MINDS Presentation

OPEN MINDS Advisor Discusses Best Practices In Performance-Based Compensation

In a recently released OPEN MINDS presentation, Implementing Performance-Based Compensation – Current Models, Issues & An Approach To Successful Implementation, Sharon Hicks, Senior Associate, OPEN MINDS shares insight on the best practices in performance-based compensation and the best strategy for implementation of the selected model.

The presentation was delivered by Sharon Hicks, at a pre-institute seminar at the 2016 OPEN MINDS Performance Management Institute in Clearwater Beach, Florida, on February 10, 2016. In the seminar, Sharon Hicks discussed how to measure clinical staff productivity, how to develop a compensation strategy that works for your organization, and how to use productivity measurement to maximize your organization’s revenue potential. Additionally, the presentation also reviews the benefits and challenges associated with different performance-based compensation models and how to implement after you have decided on the best model for your organization.

The 2016 institute was designed to provide a roadmap to success with pay-for-value for executives of health and human service organizations serving consumers with complex needs.

The new presentation is available to Premium and Elite members of the OPEN MINDS Circle, an online subscription service, via the following link: https://www.openminds.com/market-intelligence/resources/implementing-performance-based-compensation-current-models-issues-an-approach-to-successful-implementation.htm/. To learn more about becoming a Premium or Elite member of the OPEN MINDS Circle, visit https://www.openminds.com/membership.

OPEN MINDS is a national strategic advisory firm specializing in the sectors of the health and human service industry serving individuals with complex support needs: mental health; addiction treatment; children & family services; intellectual & developmental disabilities; chronic disease management; long term care; social services; correctional health care, reentry & diversion; and juvenile justice.

Founded in 1987 and based in Gettysburg, Pennsylvania, the 75+ associates believe by providing the latest market intelligence and management best practices to organizations serving the health and social support needs of the most vulnerable consumers, those organizations will be better able to provide efficient and effective services. Learn more at www.openminds.com.