Shanny Posted June 1, 2017 Share Posted June 1, 2017 Hi, If you guys remember two weeks ago I was let go from this horrible position I was trying to leave anyway. I don't want to make the same mistake twice. So, if you could please help me it would be most appreciated. Experience: 6 months surgery Term: 1 year contract Dermatology Compensation: 85,000 for 3 months( training) 100k thereafter. Here's the tricky part. 4% of gross profits less the previous years gross profit. That bonus will be paid over the next calendar year. This is only for the first year. Hours/ call: 36+hours overtime as required ( no means of compensation specified for overtime) Benefits: malpractice, no tail. 401k - you will be able to participate in retirement plan. Subjected to eligibility provisions. Medical benefits under provision of the plan as generally provided to practice employees. Vacation 2weeks 1week sick/personal days 1week CME $1000 Non compete 10 miles 2 years. 90 days notice to leave or to be let go. Link to comment Share on other sites More sharing options...
anewconvert Posted June 2, 2017 Share Posted June 2, 2017 So they will give you a bonus of 4% of the additional profit you bring the the practice over the next year? That's a pretty weak bonus system for Derm, but it gets you in the door on a one year contract. Long term it might be worth the sacrifice. Link to comment Share on other sites More sharing options...
airslant Posted June 2, 2017 Share Posted June 2, 2017 Lots of mumbo jumbo in there Sent from my Pixel XL using Tapatalk Link to comment Share on other sites More sharing options...
SedRate Posted June 2, 2017 Share Posted June 2, 2017 85k for 3 months of training or proportional to a yearly bonus, e.g., 21k? Is the bonus broken down quarterly? If not, it sounds like you'll need to complete the second year to find out the yearly gross profit for comparison, and then this will be dispersed over the third year. If so, that bonus structure sucks. Or am I just misunderstanding it? What happens after that? Salary means no overtime pay. 401k match, vesting period? I would say decent salary depending on the location, but overall, the offer is just OK... Link to comment Share on other sites More sharing options...
Shanny Posted June 2, 2017 Author Share Posted June 2, 2017 85k for 3 months of training or proportional to a yearly bonus, e.g., 21k? Is the bonus broken down quarterly? If not, it sounds like you'll need to complete the second year to find out the yearly gross profit for comparison, and then this will be dispersed over the third year. If so, that bonus structure sucks. Or am I just misunderstanding it? What happens after that? Salary means no overtime pay. 401k match, vesting period?. I would say decent salary depending on the location, but overall, the offer is just OK... 85k proportional to a years salary. Doesn't say what happens after the year with the bonus. The bonus pay is dispursed over the next year doesn't specify when. I should also mention that the practice has 4 other providers. It's very vague, when we spoke on the phone, I was told I will be eligible after a year For 401k. Link to comment Share on other sites More sharing options...
marktheshark89 Posted June 2, 2017 Share Posted June 2, 2017 Get everything in writing Link to comment Share on other sites More sharing options...
Shanny Posted June 2, 2017 Author Share Posted June 2, 2017 Any idea on what I should counter? Not sure what to do about the bonus structure. Link to comment Share on other sites More sharing options...
jlusv Posted June 2, 2017 Share Posted June 2, 2017 Negotiate down the non-compete. Standard (coming from an attorney friend who does this all day) is 1 year. Also get the overtime specified. I don't think you'd get paid extra because you're salaried, but make sure you're not *technically* hourly or they legally have to pay you for that time. I had my nightmare job try to tell me I had to work past 40 hours but they wouldn't be paying me for it and I was like OH HELL NO. You switch me to salaried if that's happening. I had way worse offers that I turned down. Link to comment Share on other sites More sharing options...
Moderator ventana Posted June 2, 2017 Moderator Share Posted June 2, 2017 no way horrible offer Link to comment Share on other sites More sharing options...
Shanny Posted June 2, 2017 Author Share Posted June 2, 2017 no way horrible offer Yeah, it is the field where I would like to ultimately end up but the offer isn't as good as I expected. I have to send them back my counter, any advice would be appreciated. Link to comment Share on other sites More sharing options...
marktheshark89 Posted June 2, 2017 Share Posted June 2, 2017 No training salary - start at 100k 3 weeks vaca 2000k minimum cme Full medical and dental Need 401k details Pay all license and dea fees Remove non compete They pay tail Link to comment Share on other sites More sharing options...
Moderator ventana Posted June 3, 2017 Moderator Share Posted June 3, 2017 ^^^^^^ that Link to comment Share on other sites More sharing options...
Shanny Posted June 3, 2017 Author Share Posted June 3, 2017 Thank you all Link to comment Share on other sites More sharing options...
Ms.PA-C Posted June 18, 2017 Share Posted June 18, 2017 What ended up happening Shanny? Link to comment Share on other sites More sharing options...
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