I was recently offered a position with an Urgent Care. Hoping I may get some advice regarding my salary.
Here is the offer:
- Salary $92,000 annually for the term of the contract (5 year contract/40 hour work week)
- Potential for bonus based on WRVUs - the more I work the more likely I am to get the bonus
- Loan repayment every year as long as I work for the hospital and after my loans are paid off this will roll into my base salary (my loans will not be paid off for 10+ years, I just graduated in August) - amount is much better than what I am offered at my current position
- CME, medical, dental, vision, malpractice + tail coverage for 2 years, 401k, 457b, reimbursement for licenses and professional organizations, 4 weeks paid time off - increases to 5 weeks after one year
- $5000 sign-on bonus
- Relocation assistance
I am happy with all of the terms of the contract except for the fact that I will not receive an increase in my salary for the 5 year length of the contract. I did request an annual increase of my salary, but the hospital did not want to agree on these terms. I am not sure I can work somewhere for 5 years without any increase in pay. I am hoping to get some suggestions on how to address this since this is only the second contract I have negotiated in my short PA career. I am considering letting them know this is an important aspect of the contract for me and I want to have the opportunity to increase my pay over the 5 year period - whether it be an automatic percentage increase in pay at years 2 and 4, or the opportunity to re-negotiate my salary at years 2 and 4 or even one chance halfway through my contract.
Any suggestions or thoughts are greatly appreciated!