Boito, Dominic
(2024)
Pay for Performance Nursing Compensation Models - Value Based Compensation through Performance Incentives.
Master Essay, University of Pittsburgh.
Abstract
The purpose of the essay is to explore and propose a Pay for Performance (PFP) Compensation Model specifically for nursing staff, linking employee financial compensation to job performance. A PFP compensation model for nursing staff would function by linking employee financial compensation to their job performance. The more accurately and proficiently a nurse performs their duties, the higher their compensation would be in the form of a merit-based incentive bonus. The primary objectives of the paper include examining economic and organizational behavior theories, establishing KPIs, outlining the benefits and potential adverse effects, and discussing the relevance of such a model in healthcare.
The essay design involves a comprehensive exploration of economic theories, organizational behavior theories, and human resource theories related to performance incentives in nursing. The methodology includes defining key performance indicators, establishing performance goals, determining compensation structures, and monitoring and reviewing performance. Sources of information encompass a variety of theories, economic principles, and practical considerations related to nursing performance incentives.
Key findings from this review include benefits of a PFP compensation model to systems, such as increased workforce efficiency, cost control, talent attraction, and enhanced employee engagement, a logic model for how this type of compensation system would be implemented, and a compensation structure for a theorized PFP model. The relevance of a PFP compensation model within public health lies in its potential for improved health outcomes through the implementation for nursing staff. By aligning financial incentives with performance metrics, the model aims to enhance workforce efficiency, improve quality outcomes, attract skilled professionals, and ultimately contribute to a positive impact on patient care and satisfaction. This relevance extends to addressing workforce shortages, improving patient safety, and fostering a culture of continuous improvement within healthcare organizations.
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Details
| Item Type: |
Other Thesis, Dissertation, or Long Paper
(Master Essay)
|
| Status: |
Unpublished |
| Creators/Authors: |
|
| Contributors: |
| Contribution | Contributors Name | Email | Pitt Username | ORCID  |
|---|
| Committee Chair | Savitz, Lucy | LASAVITZ@pitt.edu | LASAVITZ | UNSPECIFIED | | Committee Member | Porat-Dahlerbruch, Joshua | JOP186@pitt.edu | JOP186 | UNSPECIFIED | | Committee Member | Roberts, Mark | mroberts@pitt.edu | mroberts | UNSPECIFIED |
|
| Date: |
13 May 2024 |
| Date Type: |
Completion |
| Number of Pages: |
39 |
| Institution: |
University of Pittsburgh |
| Schools and Programs: |
School of Public Health > Health Policy & Management |
| Degree: |
MHA - Master of Health Administration |
| Thesis Type: |
Master Essay |
| Refereed: |
Yes |
| Date Deposited: |
13 May 2024 20:08 |
| Last Modified: |
13 May 2024 20:08 |
| URI: |
http://d-scholarship.pitt.edu/id/eprint/46240 |
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