Recently we had the opportunity to perform an executive compensation study for an organization that provides learning opportunities for physicians and health care professionals in all areas of clinical care and research. They provide diverse educational activities that aim to increase knowledge, attitude and skills, enhance practice performance and improve the health status of patients and the communities they serve.
This organization is affiliated with several hospitals in the eastern part of Ohio. Because of the sensitive nature of this analysis, they wished to remain anonymous.
This organization was recently set up as a separate entity and needed to develop a framework for compensating its staff, specifically the President. They contacted OA earlier this year to provide insight into senior level not-for-profit compensation, and provide guidelines for appropriate compensation levels.
They told us:
We found OA and realized quickly they had the tools and experience to help us. There are few organizations exactly like us so it is difficult to find comparable benchmarks. Additionally, we wanted to understand fully the elements that can make up a total rewards package in order to develop the most meaningful compensation system. OA not only provided benchmark compensation data using valid and reliable survey data, they analyzed elements of our current programs, reviewed public disclosures, and shared compensation best practices and trends to provide us with a thorough analysis and recommendations that we can take to our board. They worked with us throughout the process to keep us informed of their progress and findings. We got the information we needed to inform our board, and we also have a framework for compensation decision-making going forward.Helping not-for-profit organizations with their compensation programs if one of our specialties. If you need help with compensation or have other HR consulting needs, contact us and check out other success stories to learn more.