Outpatient Surgery Magazine

Time for a Raise? - January 2013 - Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

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OSE_1301_part2_Layout 1 1/11/13 10:55 AM Page 54 A N N U A L S A L A R Y S U R V E Y PERK-UPS How Your Colleagues Are Maximizing Morale W ith salaries squeezed for management and staff, financial incentives may seem like the quickest way to your staff's hearts. Plenty of surgical facilities are finding themselves able to offer bonuses, raises and other perks to maximize staff morale and minimize turnover. In fact, 65.6% of hospital-based respondents and 82.9% of ASC-based respondents reported in our annual survey that they're using financial and other incentives with employees. How does your facility compare with what they're doing? Monetary rewards "We have annual raises that average 3%, we give bonuses to all employees annually if goals are met, and we offer flex time to employees based on volumes and need," says Tammy Andrews, CASC, the director/administrator for both Holston Valley Surgery Center in Kingsport, Tenn., and Sapling Grove Surgery Center in Bristol, Tenn. "We have excellent retention and, overall, the staff seem very happy." One DON from the Midwest reports that her facility is able to "give quarterly bonuses based on profitability and 4% match to 401K, and pay 90% of employee benefits" to reward employees above and beyond their salaries. "I think they feel we do a good job staying competitive with the hospital," she adds. Insurance and retirement plans are also a huge concern for employees. To 5 4 O U T PAT I E N T S U R G E R Y M A G A Z I N E O N L I N E | J A N U A R Y 2013

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