The Remarkable CEO for Chiropractors 163 - How Much Should I Pay My Team Members?
In this episode, you'll learn about:
- Compensation is an Energy Conversation: Remember E=MC2
- Never been a more competitive hiring environment than right now
- Let’s talk numbers and rules for compensating your people
- Hiring the wrong person will cost you 3x their salary
- Lose the right person will cost you 5x over the next year
Episode Highlights
05:36 - The cost of hiring the wrong person and the cost of losing the right person.
08:39 - Dr. Pete shares his story about wages from the time he graduated to opening his own practice.
13:01 - A look at wage allocation and how it can impact your practice, both in retaining and losing employees.
16:06 - Understand that the location of the practice influences the wages you are paying.
18:22 - A look at the Ford Company model of paying and how it should influence you when determining wages for your team.
22:39 - Recognize that there are many ways you can show our team that they are appreciated and valued, but what you pay them is the most concrete way.
26:37 - Dr. Pete interviews TRP Success Partner, Dr. Brian Capra from Genesis Chiropractic Software systems. Learn how Genesis leverages artificial intelligence to optimize the revenue of your practice and patient retention. Utilizing technology and systems can help you buy back your time and energy and help you focus on the areas that really matter to you
Resources Mentioned
To learn more about the REM CEO Program, please visit: www.theremarkablepractice.com/rem-ceo
For more information about Genesis please visit: https://genesischiropracticsoftware.com
Schedule a Brainstorming call with Dr. Pete
Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business