When it comes to veterinary compensation contracts, associates need a 360-degree view before signing on the dotted line.

Imagine you’ve been working at the same practice for five years. Since the beginning of your second year, you’ve been paid using a production-salary formula outlined in your contract. The first year under this production scheme, you received a bonus check of a few hundred dollars for exceeding your production goal. The following three years, you received only your base salary, and your boss said you’d failed to meet your contractual production goals. “You’re accumulating a deficit,” he explained. “In a way, you owe the practice money.”

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Dr. Wise's Take
Employment contracts can be very confusing.  And since veterinarian's are generally a trusting and trustworthy lot of folks, we often get ourselves into sticky situations by trusting what we don't understand.  If you are negotiating a new position, or  "re-signing" with your long-term employer, this article provides excellent guidance regarding the must-haves for compensation based contracts.  

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