What is it that the negotiating parties really “have to have”?reating a new healthcare management team. You must negotiate with the heads of HR and Finance in order to create the best team of healthcare professionals for your department.

What is it that the negotiating parties really “have to have”? appointed head of a new department at a healthcare institution, you have the responsibility…

What is it that the negotiating parties really “have to have”?
appointed head of a new department at a healthcare institution, you have the responsibility of creating a new healthcare management team. You must negotiate with the heads of HR and Finance in order to create the best team of healthcare professionals for your department. You need to hire 75-150 employees. You may consider three different types of employees: Type of Employee Cost Productivity % Time to Hire Turnover A $40,000 30% 30 days 40% B $60,000 60% 90 days 20% C $80,000 90% 180 days 10% The heads of the Human Resources and Finance Departments have given you the following limitations for hiring personnel for your team: Total annual healthcare employee cost must not exceed $6 million. Total average healthcare employee productivity must be a minimum of 55%. Average time to hire for new employees must not exceed 75 days. Total average healthcare employee turnover must not exceed 25%. The head of HR is known for her direct, no-nonsense approach to hiring and managing employees. She can be difficult to talk to, especially when performance is on the line. She expects the best of everyone and dislikes “slackers.” However, she will listen to reason if presented with a compelling argument and data to back it up. The head of Finance is easygoing, but no pushover. His goal is keep to the institution in the black. At the same time, however, he is not averse to spending the money to move the institution toward the future. However, he is not a “people person”. The bottom line is his domain and he needs to be convinced that expenditures make sense and that they are fiscally sound. In recent meetings, both the heads of HR and Finance have expressed reservations about expanding the institution with the formation of your department. Review the following tips for successful negotiation: Be strategic, think ahead – not just your current move but two to three negotiation moves ahead. Say no with a smile… Keep the negotiation door open. Maintain competitive leverage; have several negotiable alternatives. Know in advance what you consider a good deal; think clearly about what you aspire to achieve from negotiations. Keep your bottom line in view, that is, what must you achieve at a minimum from negotiations, or there will be no deal.

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