The issue of compensation will play a key role in your decision-making
process. It can be the single most important aspect you explore
as you size up various opportunities. There are as many different
types of compensation arrangements as there are job offers.
They range from flat salaries to a percentage of the revenue
you generate.
Make sure you fully understand your primary compensation arrangement.
For example, Safety Harbor Laws affect the way not-for-profit
facilities are allowed to compensate employees. In an income
guarantee arrangement, be conscious that you will be responsible
for paying back the ENTIRE guaranteed amount at the end of
the contract period.
You should have an idea of what is acceptable to you and what
is competitive for the area just in case the subject is brought
up. However we recommend that you avoid talking about compensation
in your first interview. Think about your needs now and the
ultimate needs of your family first.
Do not take a job just because it pays well. Look at the whole
picture, especially the potential for both financial and professional
promotions. The number of patients you see per year and any
additional responsibilities should be reflected in your compensation
package.
Determining The Value of a Compensation Package
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