In this highly competitive operating environment, healthcare employers are recognizing the short- and long-term value of positive employee satisfaction. With financial rewards as one of the main drivers of employee engagement, every hospital across the country is asking themselves “How can we increase employee satisfaction and still generate a return on resources invested?”
Many healthcare organizations struggle with resolving this question internally, due to the need for deep subject-matter expertise and bandwidth constraints, for example, and so choose to partner with Novia Strategies. We work with hospitals and healthcare systems across the country to align pay practices and compensation structures.
Our approach includes the following principles and goals:
- Collaborate with leadership and staff to develop equitable and sustainable compensation structures that balance employee needs within the financial constraints of the organization
- Create communication plans which articulate changes and reduce unnecessary anxiety
- Generate sustainable, recurring cost-savings to the bottom line – usually in the millions of dollars
- Realize a positive return on investment
The approach is discussed in more detail in the full case study.
““Novia’s HR methodology enabled us to objectively evaluate existing pay practices and align YNHHS’ compensation strategy with its employer-of-choice philosophy.”
Novia’s collaborative approach to aligning pay practices and compensation ensures successful outcomes.
Here, we offer a behind-the-scenes look at how we approach these projects and enable each of our clients to improve employee engagement, achieve a positive return on investment, and create a culture of change to sustain the results.