Creating compensation packages can take a significant amount of a practice owner’s or manager’s consideration and time. This booklet offers detailed examples of various compensation methods for owners, associates, and staff to help you choose what’s right for your practice.

Your compensation questions answered:

• What should owners be compensated for and at what rate?
• What are the tax issues associated with owner compensation?
• Can we afford to hire an associate?
• What are the relative benefits and drawbacks of paying associates for production versus straight salary?
• How should I compensate specialists?
• How can I incorporate incentive pay into my staff compensation program?

By comparing the pros and cons of various models provided in this booklet, you can develop compensation packages to fairly compensate all employees and owners in your practice. This resource also offers tips on how to structure compensation to take advantage of various tax breaks and addresses the difference between equal and fair compensation for both single-owner and multiple-owner practices.

“Compensation Models was an outstanding book—I really got a lot out of it. The author even deals with the emotional and philosophical aspects of compensation.” —Paul Gambardella, VMD, Oradell Animal Hospital, Paramus, New Jersey

72 pages, AAHA Press