The Dental CEO Podcast Dental CEO Podcast #19 - Retaining Great People
Jul 7, 2025
Discover the secret to keeping top dental talent engaged and motivated through innovative profit-sharing strategies. Learn how profits interests can incentivize performance without sacrificing ownership. Explore practical tips for creating a culture of loyalty and commitment that benefits both employees and practice success. Uncover the impact of turnover on your practice and effective methods to foster employee connections that drive long-term loyalty.
AI Snips
Chapters
Transcript
Episode notes
Use Profits Interests for Retention
- Use profits interests to retain associate dentists and key team leaders effectively.
- This tool shares company profits without ceding equity or control, motivating long-term loyalty.
Profits Interest Mechanics
- Profits interest behaves like phantom stock giving rights to company profits but no decision power.
- A fixed pool size caps the total share distributed, preserving owner control.
Set Pool Limits to Manage Dilution
- Establish a fixed profits interest pool limit (e.g., 20%) to avoid unlimited dilution.
- Add people to the pool carefully, knowing shares dilute but the company can grow.