hjay21 Posted February 21, 2017 Share Posted February 21, 2017 I just received a contract for a position at an urgent care/family practice in California and was hoping to get some feedback on it. The contract is offering: Initial term: 12 months, 36 to 40 hours a week, shifts from 6 to 12 hours including some weekends Fixed base salary: 46/hour with compensation adjustment at annual review CME: up to $500/year PA license renewal fees, NCCPA exam recertification fees, DEA fees, and state prescriber registration fees are covered by the employer Health insurance: employer pays up to 80% toward cost of premiums Professional liability insurance: policy limit of at least $1 million per clam, with an aggregate limit of at least $3 million. 401K: matching starts after 6 months of employment, with 100% vested after 4 years of employment Sick leave: 40 hours annually Vacation/Annual/CME leave: 40 hours of paid vacation days for the first year, 80 for the second year Paid major holidays away from office: 4th of July, Thanksgiving, Christmas, New years Leave of absence: unpaid up to 30 days a year As a new grad, these terms sound pretty good to me. But I've been offered a higher salary for another job that I turned down. Should I try to negotiate for a higher pay, or just accept these terms as is? Any advice would be greatly appreciated! Link to comment Share on other sites More sharing options...
beattie228 Posted February 21, 2017 Share Posted February 21, 2017 You've got room to negotiate on some of the terms in my opinion. The offer isn't all that great to be honest. Here are my thoughts: Fixed base salary: 46/hour with compensation adjustment at annual review. A bit low for Urgent Care but I'm not sure what average pay for UC work in California is. CME: up to $500/year. Very low. Industry standard should be $1,500-2,000. $500 won't even cover conference fees for most conferences let alone flight or hotel. PA license renewal fees, NCCPA exam recertification fees, DEA fees, and state prescriber registration fees are covered by the employer Health insurance: employer pays up to 80% toward cost of premiums Professional liability insurance: policy limit of at least $1 million per clam, with an aggregate limit of at least $3 million. 401K: matching starts after 6 months of employment, with 100% vested after 4 years of employment Sick leave: 40 hours annually Vacation/Annual/CME leave: 40 hours of paid vacation days for the first year, 80 for the second year. 1 week of vacation is pretty low. I'd negotiate for at least 2-3 weeks. Paid major holidays away from office: 4th of July, Thanksgiving, Christmas, New years Leave of absence: unpaid up to 30 days a year Link to comment Share on other sites More sharing options...
crossbone2007 Posted February 21, 2017 Share Posted February 21, 2017 That's a very bad offer all around. CME should be at least $1500 Base salary should be at least $50 since you are in CA. 401k should start on day 1 of employment. 5 days for CME 21 days vacation Sent from my Nexus 5X using Tapatalk Link to comment Share on other sites More sharing options...
hjay21 Posted February 21, 2017 Author Share Posted February 21, 2017 Thank you to you both for your suggestions!! I will definitely try to negotiate for those terms! Link to comment Share on other sites More sharing options...
anewconvert Posted February 21, 2017 Share Posted February 21, 2017 Four years to vest? That's a long time. It's one thing to partially vest every year (25% per year up to 4 years) but I'd be willing to bet they lose a lot of PA's around 3.6 years... Link to comment Share on other sites More sharing options...
hjay21 Posted February 21, 2017 Author Share Posted February 21, 2017 Four years to vest? That's a long time. It's one thing to partially vest every year (25% per year up to 4 years) but I'd be willing to bet they lose a lot of PA's around 3.6 years... Hi, the contract states: "PA can participate in the 401K with matching provided by the employer. Eligibility starts after 6 months of employment and will be 100% vested after 4 years of employment. More details will be provided." I guess I should ask for clarification? Link to comment Share on other sites More sharing options...
airslant Posted February 21, 2017 Share Posted February 21, 2017 Hi, the contract states: "PA can participate in the 401K with matching provided by the employer. Eligibility starts after 6 months of employment and will be 100% vested after 4 years of employment. More details will be provided." I guess I should ask for clarification? You need to know how much they match. 5 days of sick and 5 days of pto is low. $500 CME is low. No days to attend a conference? It's not a great offer but maybe you can negotiate it to an acceptable one. Sent from my Pixel XL using Tapatalk Link to comment Share on other sites More sharing options...
anewconvert Posted February 22, 2017 Share Posted February 22, 2017 Hi, the contract states: "PA can participate in the 401K with matching provided by the employer. Eligibility starts after 6 months of employment and will be 100% vested after 4 years of employment. More details will be provided." [/size] I guess I should ask for clarification?[/size] I'd want to know. If you don't vest at all until year 4 that means that if you leave at year 3 and 364 days you'll lose all the money they contributed to your retirement. Link to comment Share on other sites More sharing options...
PAtoB Posted February 22, 2017 Share Posted February 22, 2017 When/did you graduate? How many jobs interviewed and offered now? Just curious. Link to comment Share on other sites More sharing options...
SedRate Posted February 22, 2017 Share Posted February 22, 2017 Four years to vest? That's a long time. It's one thing to partially vest every year (25% per year up to 4 years) but I'd be willing to bet they lose a lot of PA's around 3.6 years... It's usually set up on a vesting schedule as you suggested, e.g., you own 25% of the money they matched at Year 1, 50% Year 2, 75% Year 3, and finally 100% Year 4. Unless the schedule is simply 100% at Year 4, then yeah, that's a crap shoot since one might not stay that long. This could be lost money if one doesn't hold out for the 4 years. Definitely make sure this is outlined in the 401k summary. Link to comment Share on other sites More sharing options...
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