HCM Marketplace

You expect staff expenses to rise each year, but with the reimbursement crunch and soaring malpractice premiums, where do you draw the line? When costs need to be cut, what essential employee perks should you retain to keep your best workers?

With typical salary increases ranging between 2.6% and 5.1%, compare your staff salaries against national and local averages to see if you are competitive. If so, ''sell'' staff benefits to show employees what they really earn. Every year, give each staffer a total breakdown of their total pay and benefits. Include such costs as incentives, social security, unemployment insurance, health insurance, life/disability insurance, pension, 401(k) contributions, even payroll taxes.

Aside from outlining steps to control today's major benefits expenses - health insurance and retirement plans - this special report offers strategies for dealing with other fringe benefits, including:

• Cafeteria plans
• Profit-sharing programs
• Vacation, sick and personal time
• Paid time off
• Bereavement leave
• Pensions
• Continuing education

Controlling practice costs is more important than ever. For today's small and mid-sized medical practices, Hold the Line on Staff Benefits Expenses will help you minimize benefits expenses and maintain a happy, productive staff.

• Books

• Other Executive Leadership Products
• Other Physician Practice Products