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Georgia Affiliate of the ACNM 2014 Salary Survey
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Questionnaire Summary n 46
respondents n Age/Practice length n Ideal New Grad Salary (<5yrs) n Current Salary n Ideal Benefits Package n What do you wish you knew about salary negotiation? n Practice Size/Location n Monthly # of Births
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Years in Practice
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Age Distribution
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Ideal New Grad Salary
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Respondentâ&#x20AC;&#x2122;s current salary & years of experience
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Salary & Delivery Volume Distribution
+ Benefits Package
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Benefits Package
n CME
(100%) n Health Insurance (97%) n Membership dues (95%) n Vacation (95%) n 401K (93%) n Licensure renewal/DEA fees (93%) n Malpractice Coverage Tail (91%)
n Profit
Sharing (47%)
n Student n Tuition
Loan Repayment (28%)
Reimbursement (28%)
+ Member comments about salary negotiation:
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Know what you want: n n
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Think about what you want down the road: n
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“If you don't ask for what you want, you won't get it.” “Ask for more than you want, so you can negotiate for what you need.”
“Build in a tier (raise at 1, 3, 5 years) with annual cost of living increases Some practices have you take a low salary i.e. $70,000 for the first 6 months - 1 year, until you start generating income.” “Your initial salary in the practice sets your earnings for your duration at that practice.”
Think about the details: n
“40hr work week includes call.”
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“Discuss incentive bonuses.”
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“Avoid delivery bonus - makes you a competitor with your boss or your peers and affects how you make treatment decisions.”
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“Fight no compete clause.”* n
Non-compete clauses are valid in GA as of 2012- however the geographic scope & length of terms may be negotiated.
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“Negotiate tail coverage”***
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Don’t forget that things can change. n
Contracts can be modified to exclude or include items that were not part of your original negotiation.
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Productivity requirements can change.
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New partners can enter the picture (Practices in the ATL metro area are being increasingly sold to multi-practice management companies.)
How much should I get paid?
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How much you get paid is up to you & how your salary package is negotiated. If you would like assistance or support please contact the Affiliate. â&#x20AC;˘â&#x20AC;Ż Keep in mind that the Affiliate cannot recommend specific salary numbers