Understanding Employment Terms and Conditions It’s a good idea to familiarize yourself with common terminology found in an employment contract. Knowledge of employment contracts enables you to: Become familiar with the different sections of a contract Interact with a potential employer as well as an attorney with more knowledge Focus on matters most important to […]
Negotiating Your Contract When the negotiation is complete, it’s very difficult to go back and try to renegotiate terms that have already been agreed upon. We recommend that you communicate effectively during this process. In the event the terms are not agreeable, you need to decide if you are willing to walk away from the […]
After 10 grueling years of training to become a physician, you can finally see the light at the end of the tunnel. You may be receiving countless emails that advertise amazing starting salaries, sign on bonuses, and/or loan repayments that almost seem too good to be true. Dozens of calls are coming in on a […]
Tip #1: Know What You’re Worth If you’re finishing up residency or fellowship, you’ve spent the last 4, 5, 6, 7, maybe even 8 years being paid about 18 cents per hour. Now you’re out there looking for your first “real” job. So when someone comes along and offers you a 6-figure salary, it’s tempting […]
Many new doctors are hesitant about negotiating physician employment contracts. Negotiating can be very intimidating, especially when there’s a huge opportunity on the table and you don’t want to blow your chances. On the other hand, in order to be happy with a position, you need to be compensated in ways that you think are […]
Dear Dr. Goodhook, I’m about to do in-person interviews with several different hospitals. I’ve completed phone interviews with each, and they all seemed very, very interested. I’m stressed about making the right choice, especially when it comes to negotiating a contract I’m comfortable with. Frankly, I’ve never felt confident about negotiating or standing up for […]
