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Deb Lifshey of Pearl Meyer notes, "“Supplemental ratios will probably become more prevalent next year when the year-over-year company-specific comparisons are under the microscope.”
“Balancing those priorities [clinical quality, patient service and financial and operational efficiency] requires executive expertise and acumen that is rare, which is why executive compensation in health care continues to increase,” said Steve Sullivan, managing director with Pearl Meyer’s Houston office.
“Why do [statistical] sampling if you don’t have to be perfect in the information to get to the [employee pay] median? Why not use the imperfect, yet reasonable, effort to collect information?” asks Deb Lifshey, managing director at Pearl Meyer.
Deb Lifshey with Pearl Meyer noted, “What we are seeing in the proxies that have been filed to date, is that the average median compensation reported is about $72,000, which is higher than we thought.”
“If they [employees] believe they are paid less than median, it may impact productivity and job satisfaction and even lead to retention issues,” said Deb Lifshey, managing director at Pearl Meyer.