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Hospitals and health systems seeking executive-level talent must find leaders with the appropriate skills to oversee increasingly complex organizations, all while navigating a tight labor market and challenging economic environment.

Organizations are drawing up competitive compensation packages with higher base salaries and incentives that better reflect the company’s priorities to attract the best talent to the C-suite and other top positions.

“We saw inflation go through the roof, and that put pressure on executive compensation because as prices were going up, it was natural for boards to say, ‘Well, wait a minute. How is this affecting the market, and what do we need to do so that we are remaining relevant?’” said Alexander Yaffe, managing director at executive compensation consultancy Pearl Meyer.

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