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3 Ways to Attract Top Healthcare Talent in 2023

Precheck

Nearly 80% of hospitals surveyed by Aon in 2022 had higher clinical turnover, while 83% increased clinical hiring in the past year. Help Employees Beyond Pay Healthcare candidates want equitable compensation, of course, but pay alone isn’t the only factor they’re considering.

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Let’s Talk About the Trend Away From Base Pay Increases Towards Short Term Rewards

Something Different

…So this morning I read a great piece ( here ) from the NY Times highlighting a sea change in the way compensation is being managed in the U.S. I’ve written before about how traditional compensation structures haven’t kept up with the modern employment marketplace (a position supported by HR Thought Leader Kris Dunn here ).

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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. Recent research from Aon Hewitt shows that most (86% of) organizations - at least most of the large organizations covered by this kind of research - "self-fund" their variable pay efforts in this manner.

AON 40
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Best of the Force: In a True Talent Partnership, Value Creation Should Drive Incentive Design

Compensation Force

I'm convinced that the only way to create smart, sustainable incentive compensation plans is to tie them directly to value creation. Recent research from Aon Hewitt shows that most (86% of) organizations - at least most of the large organizations covered by this kind of research - "self-fund" their variable pay efforts in this manner.

AON 40
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Half of Workers Open to Leaving Current Employers

HRExecutive

That’s according to Aon Hewitt’s latest Workforce Mindset study , which surveyed 2,000 employees. Of course, the common prescription for avoiding turnover has been keeping employee engagement levels high. What are the factors most likely to lure employees away from their current jobs? Above average benefits (61 percent).

AON 40
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IN MEMORIUM: FAREWELL ANNUAL RAISE

Compensation Cafe

An article was published last week with data from Aon Hewitt and Towers Watson that showed the annual pay raise is essentially dead (and in Towers Watson’s case, bonus pools will also be underfunded). Grab a copy of Dan’s new comprehensive issue brief , Performance-Base Equity Compensation. What do you think?

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The Future Is Us!

Compensation Cafe

Compensation specialists, what do we do well that others don't? I love working in the compensation field, in concept and in action. Virtually everyone in our compensation biz believes that companies must learn to be able to improve. Of course, everyone has this bias, from companies all the way to baseball pitchers.