Over the past year there was a seven percentage point increase in the number of executives that plan to leave or would consider leaving their organization in the next five years. For chief executive officers (CEOs), the number of executives that plan to leave or would consider leaving their organization in the next five years increased nine percentage points. On top of this, fewer of these executives believe they are replaceable at the same pay compared to 2018. The number of executives who believe they are replaceable at the same pay decreased 19 percentage points.
The question of executive compensation then, is an important topic for boards and organizations who want to retain current executives and ensure a smooth succession when the time comes. The 2019 OPEN MINDS Executive Compensation and Retention Survey provides the data and trends to help develop a compensation and retention plan that is in tune with the current market. This survey provides information on:
- Trends in executive cash compensation by market–behavioral health, child and family services, long-term services and supports and intellectual and developmental disabilities, and primary care–by organizational revenue, and by executive level.
- Trends in the number of executives who plan to leave their organization in the next year and the reason they plan to leave their organization. Data is broken down by market, revenue, and executive level.
- Trends in whether executives believe they can be replaced at the same pay. Data is broken down by market, revenue, and executive level.
A free copy of Trends In Specialty Provider Organization Executive Compensation & Retention:
The OPEN MINDS 2019 Survey is available to all readers due to the generous sponsorship of Core Solutions.