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  • Title: Compensation strategy motivates executives to achieve goals.
    Author: Lawrence LA, Sagolla DT, Laverty SR.
    Journal: Healthc Financ Manage; 1989 Jul; 43(7):42, 44, 46. PubMed ID: 10293218.
    Abstract:
    A compensation strategy helps healthcare organizations motivate key executives to achieve business goals. Such a strategy has five elements: base salary, annual incentive plans, long-term incentive plans, perquisites, and benefits. In designing a compensation package, an organization should consider the managerial model of its executives plus the institution's culture and its position in the business life cycle.
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