Know Your Worth: Updates for 2022 (2022 AMW)
2022 AAO-HNSF Annual Meeting & OTO Experience
Both academic and private Otolaryngology practices can be rewarding career paths. How do Otolaryngologist decide what the right fit is for them and how do they understand the value that they bring to the institution or practice that they are joining? Surgeons finishing training typically have to make this important decision without an in depth experience in either practice environment. Even providers that have been in practice for years option do not process a true understanding of the value that they add to their practice environment. This lack of knowledge about how compensation plans in different practice environments can makes it challenging for surgeons to self-advocate during the hiring or promotion process. Base salary, incentive pay, sick/parental leave, support staff, clinical and OR room allocation are only a few of the factors that can impact overall compensation. Dr. Robin Lindsay, a busy academic facial plastic surgeon and the past Co-Chair Professional Equity Committee and current Co-Chair Joint Committee on the Status of Women at Harvard Medical School, will moderate a panel of experts in compensations plans in several practice environments. Dr. Jaimie Litvak will discuss compensation plans within academic models, non-compete clauses, and resource equity. Dr. Robert Glazer as the CEO of ENT and Allergy Associate runs a busy private practice group. He will discuss compensation models in the private practice setting, retirement planning, and taxable income. The group will discuss the similarities and differences between these practice settings to provide insights and lessons learned to starting in academic and private practice environments. The panel will provide pearls about how to make both of these environments successful depending on providers’ goals and their preferred work environment. The goal of this panel is to provide meaningful information to allow Otolaryngologist to better understand the value that they add to different practice environments to allow them to be better prepared for compensation plan negotiations so that attendees will “know their worth”.
Credits
CME:1.0, MOC:1.0