Motivation Extensive Research Strongly Supports Essay

According to Nolan (2010), the right incentive program can help with this process. Nolan (2010) reports that a motivated and goal-oriented staff is essential to any optometric practice, since staff / patient interaction accounts for about 70% of the patient's total time in the office. If the staff is not content, patients will not be treated appropriately and will look for eye-care services someplace else. Also, the cost of finding and training new staff members is much more costly than ongoing training and retaining activities. In addition, staff productivity significantly influences a practice's volume. Nolan (2010) therefore recommends a three-part incentive process: The first is to set annual financial goals for the practice, or else the staff will not be motivated to achieve them. In the fourth quarter, establish specific goals in attracting new patients and retaining present ones, revenue-per-patient, eye-wear sales and cash receipts. Second is to schedule a staff meeting before the beginning of the fiscal year to cover the budget, goals and projections. People will always support what they help create. Third, implement a financial incentive or bonus that 1) grows practice-collected cash receipts, 2) grows net income or 3) compensates staff to a percent of revenue. Nolan's practice used this approach and turned his practice into a five-day operation, with revenues increasing from $356,000 in 2003 to $432,000 in 2004. Nolan concludes that all staff incentive programs should be based on overall team performance. Instead of pitting one person or group against another, it is important to recognize the overall accomplishments and importance of all staff members (Nolan, 2010).

Opperman (2007) recommends a production-based compensation for associates in a veterinary practice. He says the higher earning potential almost always results in better...

...

By combining a guaranteed base salary with a percentage of production, it's a "win-win" situation: The associate cannot be paid any less than the established base, but is strongly motivated to offer a full-service approach -- bringing in increased income and offering better levels of care. Thus, this principle should be applied to an entire healthcare team. All employees should be vested in the practice's success and share in the economic rewards. Opperman (2007) adds that most incentive programs are flawed, so it is important to have a program that 1) establishes exact evaluation criteria that can be controlled by the team and communicate it to all team members; 2) measures all team members for their involvement; 3) regularly informs everyone of the practice's success in attaining financial goals; 4) bases rewards on the achievement of the goal and each person's results.
Although traditional employee incentive programs are popular, which range from sales commissions and other pay-by-performance jobs to more individual-specific programs, but most of these programs are not effective. Ben & Jerry's, as well as other companies have found ways of taking the best aspects of these incentive programs and incorporating other factors that make them successful.

Sources Used in Documents:

References Cited:

Gatlin, R (July 1, 1997) How to effectively reward employees. Industrial Management, 1-4.

Nolan, B. (2005) Reward your staff to build your practice: by setting financial goals for your practice, scheduling productive staff meetings and offering staff-incentive programs, you'll retain your current employees and grow financially. Review of Optometry 142(12) 36+.

Opperman, M. (2007) Give your team a cut: by offering quarterly bonuses based on employee performance, you give your team a strong incentive to succeed -- and help your practice thrive. Veterinary Economics 48(3), 49+.

Schrag, R.L. May I Speak Frankly. Retrieved March 10, 2010. http://mayispeakfrankly.blogspot.com/


Cite this Document:

"Motivation Extensive Research Strongly Supports" (2010, March 12) Retrieved April 27, 2024, from
https://www.paperdue.com/essay/motivation-extensive-research-strongly-supports-530

"Motivation Extensive Research Strongly Supports" 12 March 2010. Web.27 April. 2024. <
https://www.paperdue.com/essay/motivation-extensive-research-strongly-supports-530>

"Motivation Extensive Research Strongly Supports", 12 March 2010, Accessed.27 April. 2024,
https://www.paperdue.com/essay/motivation-extensive-research-strongly-supports-530

Related Documents

role of research problem in choosing an appropriate methodology. It also presents the research questions, methodology, and design that can be used by the researcher to analyze the research problem and proceed with his research study. The third section of the paper identifies two major qualities of team leaders that contribute to successful leadership and explains strategies that organization leaders can implement to develop these two qualities in their

As Moore and Anderson emphasize, "Another driver is that distance education students have as much right to expect effective library services as traditional on-campus students. Therefore, services have been enhanced to ensure easy access and equitable delivery of resources and services" (p. 384). Clearly, then, although the mission of many university libraries to provide the resources and tools students need to achieve successful academic outcomes has not changed in substantive

Bias Motivation Is a Vital
PAGES 4 WORDS 1285

Generally, online students need to have a high level of self-motivation for their studies. Being aimed towards the adult, working student body, Strayer attracts students who are not motivated only by the subject matter of their studies, but also by what this can mean in terms of their self-development. This extra level of motivation is encouraged by the structure and aims of Strayer University. This relates to the individual needs

Individuals are asked to work toward those goals and values they hold while experience their thoughts and positive feelings." (Gregg et al., 2007) ACT is stated to have "shown positive outcomes for a wide variety of conditions including for chronic medical conditions, even when presented in very brief form." (Gregg, et al., 2007) Gregg et al. additionally states: "Diabetes researchers have called for the development of interventions designed to

The third position means stepping outside the situation and seeing issues from the point-of-view of a third party. NLP reminds us that people receive information in various sensory channels: the visual, the auditory, the kinaesthetic (perception of movement of effort) and the digital mathematical or reasoned thinking (Taylor, 2000). The idea being that people use all of these modes, but may have a preferred mode. Ethnographic approach: this takes its

Motivating Staff Over the past decade, there has been tightening of Labor markets and the cost of replacement that comes with filling job vacancies have been rapidly shooting upward over the years. An effective response that can assist workforce managers to solve this problem would be developing a fully integrated retention policy. An integrated retention policy shapes the retention initiatives that are focused using information that is relevant to the problem.