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Pay for performance: motivating the chief nurse executive
Nursing Economic$
|March 1, 1991
Summary
Nurse executives increasingly receive bonus compensation linked to budget performance, patient satisfaction, and professional relationships. This trend reflects evolving performance metrics in nursing leadership.
Area of Science:
- Healthcare Management
- Nursing Administration
- Organizational Behavior
Background:
- Nurse executives play a critical role in healthcare delivery and organizational success.
- Compensation structures are evolving to align with key performance indicators.
Purpose of the Study:
- To identify current trends in bonus compensation for nurse executives.
- To understand the performance criteria influencing executive bonuses.
Main Methods:
- Analysis of a recent membership survey conducted by the Association of Nurse Executives.
Main Results:
- A growing number of nurse executives are receiving bonus compensation.
- Key criteria for bonuses include budget performance, patient satisfaction, and interprofessional relations (physicians and nurses).
Conclusions:
- Compensation for nurse executives is increasingly tied to measurable outcomes and collaborative practice.
- This shift suggests a move towards performance-driven incentives in nursing leadership roles.