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TRANSCRIPT
Leadership ChallengeGroup I
NUR737Geneva Cole, Tina Copple, Hermien Creger, Mary Hillanbrand, Letrell Peoples, Marian Picchi
Outline
1. Compressed Pay. What does it mean?
2. Challenges and problems identified
3. Compensation vs. Performance. What is the use?
4. Mercy Bucks- awarding effort and contribution
5. Objective measures of performance
6. Implementation timeline
7. Outcomes and new directions
Mercy Bucks
Compensation system to recognize unit participation and performance
Uses unit budget to fund incentive program
Rewards are earned for completion of tasks and performance that support outcomes
Non participants earn no rewards: Get people motivated, and explain the program
How to Earn Mercy Bucks
Activities
Attend Knee Replacement Boot-camp with physical therapy
$10
Participate in peer evaluation and review
$10/review
Mentor and train new staff on Ortho Equipment
$10/shift
Collect date for ongoing unit projects $25/project
Serve as a member of the interdisciplinary team
$25/quarter
Redeem your Bucks
Monetary RewardsOne month membership to the Wellness Center
$15
Gift card to redeem at the gift shop or cafeteria
$15
Undercover parking for one month $15One year prescription to a medical professional newsletter or magazine
$50
Dues paid to take the exam to be board certified in Orthopedics
$50
Redeem your Bucks
Nonmonetary rewardsResearch, implement, evaluate and present data of unit project at shared governance
8hr PTO
Represent the unit at a shared governance meetings for one year
4hr PTO