Hiring a New Associate Introductory Concepts

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Table of Contents

Hiring a New Associate Introductory Concepts

Hiring a New Associate

Focus on Practice Objectives

Consider Market Factors

Understand the Impact on Expenses

Designing an Attractive Offer: Base Salary

Designing an Attractive Offer: Fringe Benefits

Designing an Attractive Offer: Fringe Benefits

Designing an Attractive Offer: Paid Time off

Designing an Attractive Offer: Incentive Bonuses

Incentive Bonus: Individual Bonus Threshold

Incentive Bonuses: Overall Practice Threshold

Incentive Bonuses: Individual Profitability

Incentive Bonuses: Criteria Based Discretionary

INCENTIVE BONUSES: Factors to Consider

Key Elements of A Good Employment Agreement

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Addressing the Buy-In: Setting General Criteria to Become a Partner

Addressing the Buy-In: Setting General Price and Terms

Addressing the Buy-In Related Factors to Consider

Communicating the Business Deal

Setting Mutual Expectations To Insure Long Term Success

Establishing Mutual Expectations To become a partner

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Author: Charles Y. Thomason, III

Email: clientservices@medicalmanagement.com

Home Page: www.medicalmanagement.com