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There are many things that help to improve retention and one of them is money. I’ve seen many groups who have bonuses, but while all are well intended, many are set up in a way that are difficult to administer, or even counterproductive.

I encourage our clients to set up performance-based incentive compensation programs so that they are paying their teams additional compensation that is completely based on how well the team performs. There is nothing subjective about it – it’s all easily measurable, and this is key.  Join me for our newest episode of the Medical Money Matters podcast as we discuss how to easily design effective incentive compensation systems that will leave you happy to pay bonuses to highly performing staff!

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