Compensation strategies that grow a winning cash-based practice teamAs business around the country begins returning to normal, many practices are looking to hire new staff. With that in mind, this week’s podcast is focused on how to structure a position and compensation package so you can attract the right sort of candidate. I explain the legal, psychological, and strategic factors to consider in order to make sure your next hire is a good one!

This “highlight” is from a Q&A call with my Mastermind Gold group—a highly interactive, supportive group where people who have tons of questions and concerns about how to start, grow, or transition to a cash-based private practice get the answers, resources, and confidence they need to build the practice of their dreams. We have a group coaching call every week, and we occasionally use excerpts of those calls for this podcast.
 

More specifically, we discuss these HR and compensation topics:

  • Why I think a consultation with an employment attorney is a wise investment.
  • How to discover an individual’s top motivators so you can craft a genuinely enticing compensation package that will work long term.
  • Ideas for different compensation models and types of candidates they will attract.
  • How to correctly identify whether a position should be classified as a contractor or an employee so you don’t end up in trouble with the government.
  • Why planning for future hiring efforts well in advance pays big dividends over time.

Resources mentioned in this episode:

Interested in the cash-based private practice model? 

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Latest Podcast Episode

CBP 141: How to find the right candidates for your cash-based practice

CBP 141: How to find the right candidates for your cash-based practice

In this episode, I coach Jim Heafner on how to best manage the growth of his young cash-based practice as he approaches the moment when he’ll need to add his first PT. We discuss some of the fundamentals of hiring, including how to find great candidates and how you can structure a position to best meet the needs…

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