tag:blogger.com,1999:blog-36714410.post-34956703029666654742007-01-28T19:14:00.000-08:002008-06-17T12:09:22.303-07:00<p class="MsoNormal">Negotiating and <a href="http://www.doctordisability.com/2006/11/signing-physician-employment-contract.html">signing your first physician contract</a> can be a time-consuming process filled with many unknowns.<span style="font-size:+0;"> </span>In light of the complexities of a contract and the relatively high income that is at stake, <a href="http://www.ama-assn.org/amednews/2007/01/22/bisa0122.htm">many physicians are turning to agents</a> to job hunt, and more importantly, negotiate their contracts.<br /><br />Whether this growing trend is fiscally successful for physicians is arguable and depends upon several factors.<span style="font-size:+0;"> </span>Up front, it will cost you; some agents charge an hourly fee, while others may take a percentage of your first year salary.<span style="font-size:+0;"> </span>On the other hand, having an expert that fully understands your fair earning potential could net you a much larger salary than you might be able to negotiate.<span style="font-size:+0;"> </span>Physician agents also have experience and knowledge regarding non-compete clauses, bonuses, <a href="http://www.doctordisability.com/">insurance</a>, and fringe benefits.<span style="font-size:+0;"> </span>In addition to their expertise and the possible financial benefits, an agent will surely save you time.</p><p class="MsoNormal">There are other questions to consider before deciding whether hiring an agent is best for you, such as how your prospective employer will feel about working with an agent or even how you go about finding an agent.<span style="font-size:+0;"> </span>Synerge is a physician representation agency that addresses several general FAQ about agents.<span style="font-size:+0;"> </span>Physicianjobs.org also has a section on physician agents and liaisons.<span style="font-size:+0;"> </span><br /><br />Exactly how much an agent might improve your overall employment package will vary based on your specialty, prospective employer, and location, among other factors.<span style="font-size:+0;"> </span>Determining the advantages of hiring an agent is somewhat of an inexact science, but then again, so is negotiating your first contact on your own.</p>Chuck Krugh, CFPhttp://www.blogger.com/profile/08277423075000029563noreply@blogger.com