As a part of Congress's continuing efforts to oversee the activities of the nonprofit
sector, you asked us to review executive compensation issues at selected private,
nonprofit hospital systems to gain an understanding of the policies and practices
related to the salaries, benefits, travel, gifts, and entertainment expenses paid by
these hospital systems.
Executives, managers, and HR professionals all dread walking into the office to find that one of their top employees has decided to leave the company. Worse yet is the knowledge that there are no internal candidates in the talent pipeline to replace them, thus leading to the distasteful "timely and costly external search." Best-in-class organizations prepare for these situations by implementing creative programs to retain top talent and by crafting a clearly articulated plan of action to address succession.
