Every Chief Resident wants his or her year to be the best it can be. The best for the program, best for patients, best for the residents, and best for the Chief. One of the most effective ways to set the highest standards for your own program is to learn from what others have done before.
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Your goal as a resident is to learn as much as you can in preparation for your future professional practice. However during this time of intense study and training, you should also remember to focus on building strong and potentially lasting friendships with other members of your team.
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Some university practices may provide a verbal offer and an employment contract for your review. In almost all cases, the employment agreement is a binding contract. While university agreements are generally rigid with little opportunity for change, you should seek cost effective legal counsel and mentor guidance regarding the employment contract to ensure you understand the obligations of the document you are signing. In addition to the guidance provided by your legal counsel, consider the areas that follow.
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Employment Agreement negotiations from the Practice Perspective
In any game, there is always a great advantage to getting inside the head of your opponent. Although employment agreement negotiations should never be approached from an adversarial standpoint, we think you will benefit greatly from an appreciation for what motivates an employer during the recruitment and job offer negotiation process.
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In a companion Career Physician article, we offer a range of suggested tips and strategies for managing the process of a successful employment agreement and physician contract negotiation.
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5 things to keep in mind when negotiating your first employment agreement:
1) Always Negotiate: An institution’s or practice’s goal is always to attract the best talent with the leanest economic and professional package possible. Failure to negotiate for those personal, professional, and economic items important to you and your family will likely have negative long term implications on your time in the role.
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Whether you’re taking on the position of Chief Resident in your program, starting a fellowship or residency, or launching your medical career in a new practice, you probably know exactly what you want to accomplish. Or do you?
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Casting a Wide Net
How networking can help young physicians land your first position by Wesley Millican
Every young physician knows it’s important to keep up with the latest research. But if you’re looking for your first job after a residency or fellowship, extra journal reading may not be your smartest move.
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Going Global – A Guide on International Protocols
We live and work in a global economy. Thanks to the conveniences of modern technology, geographic distance is not a barrier for conducting business worldwide. It is likely that you have already encountered various forms of cultural diversity in your career as a physician.
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