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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After several years of significant effort, you are now ready to begin your search for the perfect medical practice opportunity. Maybe you have already practiced and are looking for a change.
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“How can I handle a difficult resident in my program?” asked a newly-appointed Chief Resident at a Q&A for Chief Residents.
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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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As cliché as this may sound, its truth is undeniable. You only have one chance to make a first impression. Judgments will be made about you in the first four to eight seconds of interacting with someone.
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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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You might be surprised to realize how important professional protocol is to realizing your professional, as well as your personal goals.
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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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