BE AWARE OF REASONABLENESS OF COMPENSATION RULES The Internal Revenue Service has specific rules for compliance under the Intermediate Sanctions ruling (IRC Section 4958) regarding reasonableness of compensation. These rules apply to nonprofits that take donations in all sectors of the economy. These organizations should periodically review the compensation levels for their most senior [...]
We continue to see healthcare costs rise at an incredible pace, placing an additional burden on employees. As an employer, it is important to understand this trend and how it affects your workforce and to look for ways to balance costs to remain competitive. A few of the facts: Aon’s 2019 Global Medical Trend [...]
Communicate Meaningful Messages to the Right Audiences at the Right Time I have seen a great deal of debate about whether internal communication teams should report up thru Human Resources (HR) or should reside within an organization’s corporate communications team. You are in luck! I’m not planning to have that same debate. I am here to [...]
As the saying goes, “all good things must come to an end…” – while our economy continues to grow, the growth is slowing. According to The Kiplinger Letter, the United States gross domestic product (GDP) will grow 2 percent, annually, over the next five years. However, it could drop below two percent in the [...]
The Board of Directors and management in hospitals and healthcare institutions rely on third party, objective comparability studies to ensure that executive pay is reasonable. Its relatively easy to identify and acquire objective sources with real-time compensation data. Using these sources, any healthcare organization can establish a range of compensation opportunities for the executive [...]
