Published On: June 20th, 2009
A trend! Hospitals and practices using a big recruiter to hire new doctors are making more frequent use of signing bonuses.
For the year ended March 31, 85% of searches offered a signing bonus, which averaged $24,850. That’s up from 46% of the searches in 2004/05, when the average bonus was $14,030.
The data come from the latest report from Merritt Hawkins & Associates, and reflect more than 3,000 physician searches in 47 states.
The report also included some income guarantee/base salary averages from the searches. Here are the figures for the top five most commonly recruited specialties (they don’t include benefits or productivity bonuses):
- Family practice: $173,000
- Family practice with obstetrics: $184,000
- Internal medicine: $186,000
- Hospitalist: $201,000
- General surgery: $321,000
You can read the whole report here.
Image: iStockphoto

Read the rest here:
Recruiter Report: Hiring Bonuses Spread for Doctors



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