Your College membership includes career planning resources that are beneficial to allergists/immunologists in private practice, employed by a hospital or health care network, and those in academia.
One aspect of career planning is contract negotiation. For employed physicians in particular, a contract not only determines compensation and benefits, but also outlines a work schedule, paid time off, personal property rights, restrictive covenants, and much more.
To help in your career planning, the College has partnered with Resolve, a national firm that specializes in physician employment contracts. Resolve offers professional guidance on navigating and negotiating compensation and benefits.
Here are some tips from Resolve to think about when reviewing your contract:
- When evaluating a contract, compensation numbers tend to get most of the attention. However, call schedule is an underrated negotiation point. Your schedule will determine your work/life balance and setting boundaries and expectations is crucial for long-term job satisfaction. Securing a competitive salary is important, but consider placing scheduling near the top of your priority list as well.
- Make sure you know what patient volumes to expect before signing off on a production bonus rate and threshold. You want to make sure the threshold is reasonable to reach given typical volumes for the location. If the threshold is too high, you may never hit your production bonus, so be sure to negotiate accordingly.
Whether you are signing your first contract or thinking of renegotiating an existing agreement, Resolve can help with every step of the process. College members get a discount on Resolve’s services