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How To Negotiate Your Contract Terms As A Physician

How To Negotiate Your Contract Terms As A Physician

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Have you been told, “This contract is standard, everyone signs the same one”? Have you been letting your contract renew for years and never getting a pay increase? Are you about to sign your first offer and have no idea where to start or what to look for in a contract? Resolve is here to help. We believe the first step in setting yourself up for success can be found by changing the way you sign employment contracts. Physicians have never settled for being average or standard, so why accept a standard contract?

Resolve can help you determine if a contract is fair, and if it's not, we provide the expertise necessary to successfully negotiate changes.

Signing your first contract?

When signing your first contract, it's important to start at or above fair market value. Otherwise, you are being set up to make less throughout your entire career. Despite what many employers or colleagues tell you, any doctor can negotiate their first contract, and 85% of them will see changes. Having your first post-training contract reviewed might be one of the most important steps to take when considering a job.

Is your current contract auto-renewing every year? Are you wondering if you can make changes?

The answer is yes. Your contract can be negotiated at any point. Compensation data changes annually, and employers receive the updated reports. They are aware of fluctuations in average compensation, and if you are as well, you can negotiate contract changes. Don’t get stuck in a contract for years without any raise. Don’t settle for a call schedule that is taking you away from your family. Don’t get left wondering if things can be better. Take things into your own hands and make sure your contract terms are still working for you.

Are you needing out of your current contract and wondering what steps you can take?

There are many considerations to be made if you need to exit your contract. There may be financial implications if you breach contract and leave early, such as being required to pay back signing and relocation bonuses. Meeting with an attorney who can outline your responsibilities upon exit will ensure everything is properly handled and no bridges are burned. Resolve’s experienced team informs you of all the steps to take, so you know exactly what to expect.

Resolve has partnered with Physician moms Group to offer the education and expertise physician moms need to know where their new or existing contracts stand and negotiate the necessary changes. Each physician has their own needs, unique to their lifestyle and that’s why we take a tailored approach with each of our clients. Whether competitive compensation, adequate maternity leave, or call schedule is at the top of your list, our team is here to get you the terms that matter most.

Contact Resolve to schedule your contract review here
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