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Steve Sullivan

Managing Director
Chicago

Steve Sullivan Headshot

Expertise

  • Executive Compensation
  • Business Strategy - Executive Compensation Alignment
  • Compensation Committee Oversight & Governance
  • Healthcare Industry
  • Tax-Exempt and Private Businesses

Education

  • BA, Gustavus Adolphus College
  • MA, California State University
  • PhD (ABD), Illinois Institute of Technology

"Boards of healthcare provider organizations are up against unprecedented challenges."

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Get in touch with Steve

(312) 697-3464 Download Bio (312) 961-4801 LinkedIn Contact Steve

Commitment To Clients

The organizations I serve are working to alter their strategic direction based on changing market conditions. The degree of strategic change may be greater than in the past, and they can’t afford a cookie-cutter approach to executive compensation. I invest time in gaining solid understanding of the experiences and perspectives reflected in their compensation committees and management teams. This process allows us to develop something that’s competitive, fits their culture, and achieves their goals.

Biography

Steve Sullivan, a managing director in Pearl Meyer’s Chicago office, has more than 20 years of consulting and industry experience assisting clients in executing their strategic human resources and compensation initiatives. His focus has been in the areas of executive compensation program benchmarking, design, and oversight in the healthcare industry and for tax-exempt businesses. Mr. Sullivan also advises clients in the areas of sales and performance incentives, recruitment, motivation and retention, strategic compensation program design and implementation, and organizational change. He has experience in the financial services, manufacturing, and information technology industries.

Prior to joining Pearl Meyer, Mr. Sullivan was a director in McGladrey’s Human Capital Services Practice. He also previously served as a senior manager with Ernst & Young LLP’s National Human Capital Practice, providing advisory services to both public and private companies; as Americas’ compensation manager for Andersen Consulting (Accenture), and as a compensation consultant for the Bank Administration Institute. He has also worked on the corporate side of compensation as a human resources officer at The Northern Trust Company.

Mr. Sullivan holds a BA from Gustavus Adolphus College, an MA from California State University, and has completed studies toward an Industrial/Organizational Psychology PhD at the Illinois Institute of Technology.

Mr. Sullivan has conducted research and spoken in different forums on aligning executive compensation with transformational healthcare business strategies, non-profit IRS compliance issues, institutional investor activism, corporate governance and strategic compensation alignment with organizational imperatives. He is a member of the American College of Health Care Executives, National Association of Stock Plan Professionals (NASPP), Society of Human Resource Management (SHRM), and WorldatWork.

Publications and Presentations

Advisor Blog
Steve Sullivan
May 2022

Healthcare Employee Retention, Recruitment, and Pay: A Perfect Storm

How can provider organizations retain those still in their jobs and effectively recruit quality candidates? The answer may be market-based pay.

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Advisor Blog
Steve Sullivan
Celeste Coruzzi, PhD
December 2021

The Importance of Empathic Leadership for Healthcare Employee Wellbeing

Unprecedented circumstances require a different kind of leadership skill in the healthcare industry. Here’s how boards can help enact a cultural shift.

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Ask the Expert Interview
Ed Steinhoff
Steve Sullivan
December 2021

A Balancing Act for Healthcare Boards: Executive Pay, Organization Performance, and the Pandemic

Details from a recent conversation about the divergent compensation challenges for healthcare providers and insurers.

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Advisor Blog
Steve Sullivan
Alexander Yaffe
October 2021

The COVID Crisis One Year Later: Revisiting Healthcare Board Director and CHRO Perspectives

A recap of recent conversations with healthcare leaders about emerging solutions to their organizations’ current challenges.

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Related Knowledge Share Items

Article
trustee
Steve Sullivan
March 2014

Driven by Doctors

A unique healthcare board committee adds physician leaders to the strategic decision-making process.

Read More
Advisor Blog
Steve Sullivan
May 2022

Healthcare Employee Retention, Recruitment, and Pay: A Perfect Storm

How can provider organizations retain those still in their jobs and effectively recruit quality candidates? The answer may be market-based pay.

Read More
Webcast
Aalap Shah
Greg Stoeckel
May 2022

How Talent Concerns Are Changing the Use of Equity

How to balance the need for talent attraction and retention with the long-range consequences of expanded equity use.

Read More
Article
HR.com
Bill Dixon
May 2022

Why is the Prevalence of CHROs as Named Executive Officers on the Rise?

The CHRO, as a strategic member of the top leadership team in a company, can have a major impact on corporate success.

Read More
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