Driving through the mountain town built around a lake, I couldn’t help but notice the David Isaac empire. (David Isaac isn’t his real name, I’ve changed it for this post.) There was David Isaac Boat Sales. A mile or so away, there was the David Isaac Marina. And, there was David Isaac Toyota. A quick…
What is your compensation plan actually incentivizing?
Tom Peters popularized the style of business management in which the manager cruises the workplace observing and interacting. He referred to it as “management by wandering around.” The same observational style applied to instances within and, equally or even more so, outside of your specific practice specialty, or business, or industry, provides a tremendous amount…
My dog stood body frozen stiff yet ready to lunge. His eyes fixed on the only object in his world, the squirrel eating seeds off the ground 14 feet away. The squirrel matched the stare, glanced at the tree about four feet distant and then, continuing to eat the entire time, just turned his back…
Is your medical group’s compensation plan rewarding the right thing?
Is your medical group’s compensation plan rewarding the right thing?
Correctly formulated, a group compensation plan is not just about encouraging efficiency, it’s about encouraging effective performance in a broad sense.
If you are ever to break out of the current paradigm, it will not be by benchmarking to the best practices of other groups headed downward in the same maelstrom.