Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Changing reward systems for team-based systems.

G T Barksdale1

  • 1St. Vincent Health System, Little Rock, AR, USA.

Seminars for Nurse Managers
|March 30, 1999
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same journal

The case against mandatory overtime.

Seminars for nurse managers·2003
Same journal

Succession planning: lessons from the legal field.

Seminars for nurse managers·2003
Same journal

Measuring leadership: measuring what counts for succession planning.

Seminars for nurse managers·2003
Same journal

Relationship management: a key strategy for effective succession planning.

Seminars for nurse managers·2003
Same journal

Defining generations in succession planning: there are four!

Seminars for nurse managers·2003
Same journal

Managing succession planning: the Inova Health System.

Seminars for nurse managers·2003

Hospitals face rising costs and competition, prompting a shift to innovative compensation strategies. New pay methods, particularly team rewards, are emerging to align healthcare compensation with evolving industry demands.

Area of Science:

  • Healthcare Management
  • Organizational Economics
  • Human Resources in Healthcare

Background:

  • Hospitals are experiencing significant financial pressures due to the rapidly evolving healthcare landscape.
  • Traditional compensation models are increasingly perceived as inadequate for maintaining competitiveness and cost control.
  • There is a growing need for innovative pay and reward systems within healthcare organizations.

Purpose of the Study:

  • To explore novel compensation strategies being adopted by healthcare institutions.
  • To highlight the potential of team-based reward systems in modern healthcare settings.
  • To demonstrate how compensation practices can adapt to the dynamic needs of the healthcare sector.

Main Methods:

  • Review of current trends in healthcare compensation.

Related Experiment Videos

  • Analysis of innovative pay structures, with a focus on team rewards.
  • Discussion of the implications for hospital financial management and competitiveness.

    • Main Results:

    • Hospitals are actively seeking alternatives to outdated compensation methods.
    • Team reward systems are identified as a promising innovative approach.
    • New compensation strategies can help healthcare organizations manage costs and stay competitive.

    Conclusions:

    • Innovative compensation, including team rewards, is crucial for healthcare organizations to adapt.
    • Modern pay systems can effectively address the financial challenges and competitive pressures in healthcare.
    • Aligning compensation with evolving healthcare needs is essential for organizational success.