Top 25 Strategies To Control Staff Labor Costs
We received 483 responses to our recent reader survey on controlling staff labor costs. Of these, 60% were from general dentists, 19% from orthodontists, 9% from pediatric dentists, 5% from oral surgeons, 4% from periodontists, 2% from endodontists, and 1% from prosthodontists.
Last month, in "Readers Surveyed On Staff Pay Strategies," we revealed that only 36% of responding doctors gave automatic across-the-board pay raises in 2016. Another 31% followed our advice to limit costs by freezing staff salaries and implementing a bonus plan based on increased practice collections.
Below are the top 25 other strategies your colleagues are using to contain staff compensation costs.Back
The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.
Copyright © 2017 John K. McGill & Company, Inc. All Rights Reserved.