RNs and Pay-for-Performance: The Right Prescription? - page 2
Introduction Registered nurses are increasingly challenged by the pace and scope of change in the health care industry. Cost cutting and consolidation continue as RN employers seek to improve... Read More
Jan 13, '03Originally posted by NRSKarenRN
What Are Pay-for-Performance Programs?
Pay-for-performance programs go under a variety of names: contingent or "at-risk " pay, variable pay, profit sharing, gainsharing, to mention only a few. Their common denominator is the linking of financial rewards for employees to improvements in the performance of the group.
Achievement emphasizes reducing costs and increasing profits...
I'm also in complete agreement with those who oppose subjective reviews. No, I don't trust all of my co-workers.
~SallyLast edit by Sally_ICURN on Jan 13, '03
Jan 13, '03we have gainsharing at my hospital, however, all it involves is financial savings among the employees..you know the routine, waste not want not..turn out lights, don't waste paper, etc..
it has nothing to do with performance..its a financial measure only...last year ft employees received 900.00 checks...
this year is supposed to be much better...