LaylaBird / E+
Attracting, Compensating and Retaining Quality Dental Team Members
The number one challenge dental practices have had for years has been to find and retain good team members, and that is even more important given the COVID-19 pandemic.
In today’s episode of The Art of Dental Finance and Management podcast, Art speaks with dental consultant Sharyn Weiss about issues in hiring and compensating of dental team members. Art and Sharyn discuss why “competitive” compensation really does not mean anything, why Sharyn thinks bonus plans could be a disincentive to productivity, how to determine salary ranges in your area and myths about money and motivation. Art and Sharyn also speak about how important it is for an employer to be respectful and supportive of his or her team and what can happen if they are not. Lots of great tidbits about a challenging area in the dental practice.
Understanding the various influences affecting the markets will help dentists navigate any financial uncertainty. For peace of mind and financial security, it’s important to obtain guidance from experienced financial advisors who understand the complexities of market trends and economic indicators. Your advisory team will help you build wealth in the long-term, despite fluctuation. In this episode of The Art of Dental Finance and Management podcast, Art meets with Jim Davenport, Managing Partner of Beacon Pointe Advisors to discuss current market trends, including inflation, market performance and the impact of taxes, so you can better anticipate downturns and make more informed financial decisions.
Reach out to Art if you have any questions regarding dental finance and management for your dental practice.