Should we be giving raises? How often? And how much? In Part 3 of the series, we dive into all your questions.
Pelvic PT Rising: The pelvic health tools to make you a better clinician and/or a more successful business owner. We want every single pelvic health practitioner to be more confident and successful in your practice and career!
Clinical Courses: Game-changing online courses to make you more confident, challenge your thinking and improve patient outcomes
Business Resources: Helping 500+ pelvic health practitioners confidently start, grow and build their dream business!
From our annual State of Pelvic Rehab survey, we found the following:
41% of employees did not get a raise last year
34% received a raise between 0-3%
So, what should we do as business owners about raises? We believe (and teach) they should be RTF - Regular, Transparent and Fair.
Regular - We believe in an annual raise for your clinicians. If you were an employee and didn't receive one, it was likely frustrating and a negative experience. Importantly, we only discuss these at our annual review. This means we aren't talking about it the other 364 days each year!
Transparent - Your people should know how it's done! We start this conversation in our interviews, and then in our onboarding, 3-month and 6-month reviews. There are no surprises.
Fair - We have the annual raise be a combination of cost-of-living increase (which everyone gets) and a performance-based raise. Especially as your team grows, you want to make sure these raises are fair to each team member.
Remember, the 'raise' can include extra benefits you're giving that year as well! Paid time off, 401k, health stipend, etc.!
We hope this 'sode eliminates some of the uncertainty when it comes time for an annual performance review and raise!
Learn more about pelvic health with our Clinical Courses
All of the Rising clinical courses are designed to:
Challenge the way you think
Make you more confident in your clinical practice.
Allow you to go-at-your-own pace (all online!)
Let you go back to your work: you'll have lifetime access to the lectures and handouts. Check out all the clinical courses we offer (www.pelvicptrising.com/clinical).
Curious about private practice? Check out our Business Resources
We've now helped more than 200 cash-based pelvic health practices start and grow.
We want to make sure you're building a business that works for you (instead of vice-versa) and actually enjoy the process along the way!
See all the business resources we offer (www.pelvicptrising.com/business), tailored specifically to pelvic health!
Nicole Cozean, PT, DPT, WCS
Founder of Pelvic PT Rising and PelvicSanity Physical Therapy in Southern California.
Dedicated to forever changing pelvic health with online clinical courses to help you be more confident in your practice and business resources to help start and grow pelvic health businesses.
Jesse Cozean, MBA
Co-founder of the Pelvic PT Rising and the Rising Podcast.
Jesse uses his business experience to help pelvic health business owners start and grow their practices so they can build a practice that truly works for them. From website design, SEO, conversions, marketing, finance and money mindset, he wants to make the process of owning your own practice easier and fun.