Studies have shown that the average tenure of a hospital CEO is 5.6 years with a median of 3.6 years. 92% stay in the healthcare industry, which means they were recruited away. Competition for healthcare executives continues to rise, and it’s made recruitment and retention more challenging than ever.
Executive turnover can derail long-term organizational goals and negatively impact quality of care. On top of that, it’s costing organizations millions of dollars a year.
It has never been more important for healthcare leaders to find cost-efficient ways to recruit and retain members of their executive team.
At MaxWorth, we design benefit programs with executive recruitment and retention in mind. By offering a balance of long-term and short-term rewards, it’s possible to encourage loyalty without sacrificing the attraction-power of immediate incentives. We also believe in rewarding performance in order to align leadership’s goals with those of the organization. Our programs incorporate funding vehicles that help contain costs, allowing organizations to offer compensation packages that are both competitive and balance sheet friendly.
Healthcare Executive Advantage Plan
Want to Learn more? Let’s Talk
Every healthcare organization is unique. Our solutions are designed to be customized in order to fit your needs. If you would like to find out more about us and our solutions or simply discuss your organization's compensation challenge, complete the form below and we will arrange a call with one of our consultants.