One of the biggest mistakes people make when considering job offers is not understanding the production numbers and the threshold that comes with a high base salary. Let's say you receive an above-market offer with a base salary in the 60th or 70th percentile, but the production level is set to the 90th percentile. If the practice is really busy and the volume is high, taking that high guarantee could end up costing you more than if you had just settled for a lower offer.
So, it's crucial to understand the math and logic behind the compensation model before accepting an offer. Don't make the same mistake as others! #CompensationMistakes #KnowYourNumbers #SalaryNegotiation #JobOffer #CompensationModel
Kyle Claussen is a physician contract attorney.
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