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Using Recruitment Incentives to Sign your Top Choice Dermatologist Candiates |
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When this demand is coupled with a declining supply of dermatologists and mohs surgeons, successful recruitment strategies are essential for organizations wishing to add a dermatology professional. These strategies include signing bonuses, tuition loan repayment, relocation benefits and the use of stipends for physicians in training. |
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| Author: Choatetime |
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According to recently published compensation surveys, signing bonuses were offered to approximately 60% of successfully placed dermatologist in 2009, ranging from $5,000 to $75,000. Dermatologists reported signing bonuses averaging $28,000 while primary care physicians reported an average of $15,000. Physicians hired immediately from a residency or fellowship program received similar bonus offers as practicing dermatologists and mohs surgeons.
Relocation
Paid relocation benefits were offered to more than 90% of successful hires in 2009. Dermatologists and Mohs Surgeons were more likely to relocate long distances and more likely to receive relocation packages. Physicians hired out of residency and practicing physicians received similar relocation packages.
Loan Repayment
Loan repayment was offered to approximately 20% of newly hired dermatologists and mohs surgeons. Physicians hired straight from training programs were more likely to receive these packages than those already in practice.
Stipends
Stipends are used by some medical groups and hospitals as an incentive to sign residents and fellows while they are still training – typically during their last full year of training. When a resident or fellow signs a contract and commits to practice with a specific group or in a specific community, the hospital or medical group can pay that dermatologist or mohs surgeon a stipend.
Stipends typically range from $2,000 to 4,000 per month for 12 months. Physicians must sign documents acknowledging the stipend is a loan which will be forgiven if they practice in the group/community as agreed. If the physician does not abide by the terms of the agreement, the stipend must be repaid.
Savvy organizations will put together an individualized package for the candidate they are hoping to recruit. A thorough interview will help identify the issues and incentives that are important to the candidate. Then, once you know what's important, be creative and customize the offer to your top choice candidate.
About Author
Are You Looking for Qualified Dermatology Candidates?
Choate Consulting can assist you in finding the right physician for your needs with the highest value in physician recruitment today. We specialize in dermatology and represent physicians who are looking for practice opportunities in all areas of the country. As your dermatology recruitment partner, we will provide integrated healthcare solutions geared to simplify the recruitment process and give you greater control over your organizational needs.
Experience
Our experience in the industry allow us to understand exactly what you need and only present those candidates that can precisely meet that need, saving valuable time in the hiring process.
Our Guarantee
Most practice opportunities are best served through a hybrid contingency arrangement, so we offer a standard and straightforward contract. We rarely have to utilize our guarantee, but if the need should arise, we have a guarantee program that is designed to deliver results.
Our list of clients and friends have been satisfied with our ability to function as an impartial third party providing the highest level of service every day. We take very seriously our responsibility to make every effort to ensure the match for both parties. We are seasoned enough in dermatology recruitment to have established so many connections, have a wealth of knowledge and experience but still young enough to be “hip” current and very excited about what we do every day! We connect with candidates!
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