How To Design A Performance-Based Compensation Model To Go Above Market Rate – An OPEN MINDS Strategy Series
October 21, 2021
The competition for high quality talent will only increase in the years ahead, making performance-based compensation a critical element of sustainability and success for provider organizations. While putting such a system in place takes considerable effort, time, and expertise, the long-term payout in terms of workforce retention and improved recruitment can be significant. This Private Roundtable For Elite Members will feature OPEN MINDS Senior Associate, Ken Carr who will discuss how to design a variable compensation program.
Executive attendees will learn:
- How to define your performance-based goals
- How to design your compensation model and rates
- How to support employees in meeting performance goals
- How to track and share performance outcomes
Featured Speakers
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Ken Carr, Senior Associate, OPEN MINDSKen Carr brings over 30 years of finance, technology, data analysis, and reporting experience in the health and human service field to OPEN MINDS. He currently serves as a Senior Associate with the OPEN MINDS consulting practice. In this role, Mr. Carr serves as a subject matter expert in the OPEN MINDS consulting practice, where he has led numerous engagements in strategic planning, merger and acquisition prospecting, business process improvement, managed care and value-based contracting preparedness, financial analysis of service lines, and technology selection.
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