What is the optimal breakdown of the “bucket” for a contract, with regards to reimbursement, for an outpatient family medicine position right out of residency? For example: If the total bucket is $250k, would you think 200k base for 2 years, 10k relocation, 40k signing/stipend be “normal?” My questions stems from my thoughts that the bonus is obviously worth more because it is 100% their money. The base, hopefully, will be covered by my production after 3-12 months. So while it seems large in principal, Therefore, would they go for a 180k base over 2 years with an increase to 80k+ in the signing bonus? Is there some sort of conversion factor for base to bonus? Any advice? Am I focusing on the wrong thing?
The bonus is only a one time expense, whereas any increase in salary is a locked in change, therefore a recurring cost. So salary is more costly for them and more beneficial for you (assuming you stay there)
What is the optimal breakdown of the “bucket” for a contract, with regards to reimbursement, for an outpatient family medicine position right out of residency?
For example: If the total bucket is $250k, would you think 200k base for 2 years, 10k relocation, 40k signing/stipend be “normal?”
My questions stems from my thoughts that the bonus is obviously worth more because it is 100% their money. The base, hopefully, will be covered by my production after 3-12 months. So while it seems large in principal, Therefore, would they go for a 180k base over 2 years with an increase to 80k+ in the signing bonus? Is there some sort of conversion factor for base to bonus?
Any advice? Am I focusing on the wrong thing?
The bonus is only a one time expense, whereas any increase in salary is a locked in change, therefore a recurring cost. So salary is more costly for them and more beneficial for you (assuming you stay there)