Lectures and Continuing Education Programs
CONTRACTS, COMPENSATION AND BENEFITS
Value of Employment and Option Agreements (2-3 Hours)
Many associate veterinarians accept employment positions and many employers hire employees without ever having fully negotiated and understood the terms and consequences of employment. The importance for veterinary associates and employers to have a clear understanding of their working relationship cannot be overemphasized. Associates often join a practice with the hope of becoming an owner and neither party usually discusses the terms of an option to make such intentions a secure reality. A written employment contract sets out and defines the terms of employment and helps to ensure that the parties honor their side of the bargain. This presentation provides a review of the many issues that are salient to an employment relationship and gives the attendees some negotiating tips.
Is Your “Independent Contractor” an “Employee”? Why Practice Owners Should Care about the Difference? (1 hour)
Who decides if the person working for you is an independent contractor? Veterinarians are often hired as independent contractors under the assumption it saves everyone money. Unfortunately, it doesn’t and if the IRS or your state determines the worker is really an employee, it’s employer that pays the penalty. So come find out what it takes to be an independent contractor and why being an employee may be the best option (and perhaps only option) for the working relationship.
Residency Retention Agreements [SPECIALTY PRACTICE ISSUE] (1 hour)
Finding the right resident for your practice is a lot of time and work. Protect your investment and keep your resident from straying to other practices by including proper retention provisions in your residency agreements. To implement this bargain, residency provisions typically use a stick and/or carrot approach.
Veterinary Compensation (1 hour)
Your potential new associate has a lot of educational debt. Should that be your concern? It will be whether you want it or not! Financial demands of associates, plays a big role in their financial choices in choosing a practice and also their future plans of buying a practice or buying into a practice. What about you? Can your practice afford to meet the financial needs of this associate? What expenses other than base salary should be considered when hiring an associate? What if you cannot afford that high of a base salary, do you have other options? This presentation will answer various questions you should address when facing and negotiating veterinarian compensation.
Total Compensation (1 hour)
Would it not be easy if you could compensate fairly by opening a fortune cookie with the right pay for each of your employees? How should you compensate your veterinarians? Your paraprofessional staff? Discover the norms and methods used in the industry. Come and share your ideas during this interactive session on employee pay.
Non-Competes, Enforceable, Really?? (1 Hour)
Restrictive covenants are commitments often found in sale agreements, and/or associate contracts, which limit sellers, partners or employees from competing for a certain restricted period within a restricted geographic area. These restrictions protect the business that has expended significant time and resources in building and developing the practice, its staff, reputation, products, proprietary information and client databases. But, are they enforceable? If so, when? The goal of this presentation is to provide attendees with a general understanding of non-competes and their unpredictable enforcement. It also will address alternative “business” ways to protect a practice’s goodwill.
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Countryside Plaza North
Bldg E, Ste. 1403
361 Route 31
Flemington, NJ 08822
Phone (908) 782-4426 or info@veterinarybusinessadvisors.com