Samples of Different Bonus Structures for Private Practices

I put together this packet because one of the increasingly frequent issues I address with my clients, especially when staff shortages persists and retention rates are on the low end is  options for bonus systems. Although most practice owners assume bonus are based only on a staff’s level of production being above the benchmarks established, this packet gives you many other options.    This packet, downloadable, editable and attorney reviewed, gives samples/formulas of many types of bonus structures you might want to consider including:
Sign on bonus
Retention bonus
Holiday bonus
Quarterly  and half year bonus bonus options
Discretionary merit bonuses
Key about these samples is that they are user friendly and not so complex from a data perspective that they are hard to follow. Additionally the success of any bonus program  lies in the fact that each staff member knows and understands what  they need to reach/do to qualify for bonuses.

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