Muskoka To-DAILY

MAHC working on senior management pay scale

Mark Clairmont  | MuskokaTODAILY.com

MUSKOKA — Attracting world-class talent to Muskoka is as difficult as finding a cure for cancer.

Like the latter, the former can be done.

With Muskoka Algonquin Healthcare in the throes of revolutionary changes, its board is looking to stay competitive in the world of administration by insuring it is run by the best people possible who are paid accordingly.

Personnel is any organization’s top priority, especially so at hospitals.

As such, MAHC’s board of directors says in release it is “required to ensure that the compensation program for its executive management is current, competitive, in line with current legislation, and appropriate to attract and retain the senior talent necessary to lead the organization.”

Accordingly, it says it continues to “support and encourage a fair and balanced approach to all public sector compensation.”

It says that since 2010, executive compensation has been frozen in the broader public sector of Ontario. In 2016, new legislation provided a framework for determining executive compensation and a process that through peer comparators ensures changes to executive compensation are equitable and not arbitrary.

The regulation requires public sector organizations (including hospitals, school boards, colleges and universities) to identify no fewer than eight comparator organizations and comparable positions when evaluating executive compensation. MAHC’s proposed executive compensation plan includes limitations on executive salary and performance-related pay, which is capped at no more than the 50th percentile of appropriate comparators.

In keeping with MAHC’s ongoing commitment to transparency and accountability, MAHC is reaching out to stakeholders for constructive, meaningful feedback.

The draft executive compensation plan is posted on the MAHC website for a 30-day public consultation period.

Feedback on the draft will be accepted until 4 p.m. on February 22, and will be reviewed by the board of directors and Dr. Eric Hoskins, Minister of Health and Long-Term Care, to ensure MAHC’s executive compensation plan is appropriate, reasonable and accountable.

Once the plan is approved by the MAHC board and Hoskins, it will be posted on the MAHC website.

Short URL: http://www.muskokatodaily.com/?p=29286

Posted by on Feb 3 2018. Filed under Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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