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How To Design A Performance-Based Compensation Model To Go Above Market Rate – An OPEN MINDS Strategy Series

October 21, 2021

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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

Details

Date:
October 21
Time:
8:00 am - 5:00 pm
Event Category:

Featured Speakers

Ken Carr, Senior Associate, OPEN MINDS

Ken 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.


Registration is free and limited to Elite Members of the OPEN MINDS Circle. Contact us at 855-559-6827 or info@openminds.com if you are not currently an elite member and want to join, for access to the webinars, blueprint, and more market intelligence on the specialty health and human services market.

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COVID-19 Risk Management Plan August 11, 2021

We are excited to return to sunny southern California for The 2021 OPEN MINDS Management Best Practices Institute at the picturesque Newport Beach Marriott Hotel & Spa, August 23-26, 2021. To help plan your in-person attendance, visit https://openminds.com/live-mbpi/ for a schedule of events happening throughout the week.

The resurgence of the COVID Delta variant has certainly created new challenges for the country and for our families. Fortunately, the available COVID vaccinations have been very successful in preventing symptomatic infections and illness. But I did want to let you know that our team at OPEN MINDS is committed to making our executive events as safe as possible and have an active risk management plan in place. I wanted to share with you the key elements of our plan:

We will continue to monitor any changes in the CDC recommendations for the continued safety of the public. If you have any concerns or questions, feel free to reach out to a member of our team at events@openminds.com or by phone at 877-350-6463. We look forward to seeing you at The 2021 OPEN MINDS Management Best Practices Institute.

Monica E. Oss
Chief Executive Officer
OPEN MINDS

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