Compensation & The Model

Date: Future Dates TBA

Location: Virtual

Training Introduction: Compensation is your LARGEST cost. Yet, most organizations use systems average methods and get average results. Expecting a different result is absurd. A few STRUCTURAL moves in the Compensation area yield TREMENDOUS RESULTS by increasing QUALITY through increased Automatic Accountability.

Training Description:

Compensation is your LARGEST cost. Yet most organizations use traditional methods and get traditional results. Compensation is the most POWERFUL STRUCTURAL tool a Manager has to create a happy and productive work atmosphere with ultra-strong Accountability. This workshop is for the most forward-thinking Hospices. 100% of Hospices that operate in the 90^th percentile have great compensation systems. Yes, 100%!  A Hospice’s most dramatic advances in quality and profits will come from movements of Talent and the compensation of that Talent. A great compensation system makes management VASTLY easier. Compensation systems also directly impact an organization’s People Attraction and Retention system. Talent must be retained over the long-term as the turnover of Talent is the biggest destroyer of quality. A great compensation system is a key! Get rid of the “poverty mindset” regarding how you reward staff! Why not pay better than the hospital or other healthcare entities! Compensation is the fastest way out of financial troubles, as well as one of the most effective structural means to create a healthy Hospice culture. You will need a laptop with Microsoft Excel. Compensation was the beginning of MVI and where we started as a company. MVI only holds the Compensation & the Model Workshop annually. This is a 1 day program, and times are listed in Eastern Standard Time.

Learning Objectives:

• Explain how to use compensation as a tool to shape behavior & culture.
• Identify the mechanics of a great compensation system.
• Discover how to rollout a new compensation system.
• Breakout: Work with the Excel compensation Models we provide.

Faculty: Andrew Reed, CPA
MVI Staff

Cost: $1200 per organization

Level: Advanced

Method: Live

Prerequisites: None

Participants Will Learn: Using Compensation as a Tool to Shape Behavior & Culture
The Mechanics of your Compensation System
How to Present a Change in Compensation
Implementation of a Performance Compensation System
Breakout: Working with Your Data

Registration Form: