Profit related pay

You may be considering rewarding key staff members with some kind of performance related pay. If you are, don’t go into it without careful consideration. There are risks!

Many owners wish to offer some form of performance related pay for key staff members but are not sure how to set this up on an equitable basis. 

What is the fair rate? Are there any pitfalls?

Managed correctly, this offers advantages and benefits for key staff and owners. Managed badly, it will lead to disharmony, dissatisfaction and disruption. 

At times it can result in poor working practices and may put patient care at risk. It can even end up in court proceedings! The entire issue needs to be dealt with carefully, sensitively and equitably.

We have a number of proven options and good experience in developing such schemes. Get in touch to ask us more.