Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS
This is an excerpt from a member-only article. To read the article in its entirety, please login or subscribe.

Fair compensation important to the bottom line

Employee compensation accounts for roughly half of most hospitals' expenses, and paying employees too much can put a hospital in serious financial jeopardy. But paying below the fair market value of employees can be as financially devastating to a hospital as paying too much-leading to high turnover, difficulty recruiting and hiring the best candidates, staffing shortages, and employee relations problems.