Calculating a fair veterinary salary

Calculating a fair veterinary salary

Q. I've heard that a practice owner shouldn't pay an associate more than 25 percent on production. But I work in a practice where three veterinarians share one technician. What would be a salary for circumstances like these?
source-image
Sep 01, 2013
By dvm360.com staff

Q. I've heard that a practice owner shouldn't pay an associate more than 25 percent on production. But I work in a practice where three veterinarians share one technician. What would be a salary for circumstances like these?

The issue here seems less about pay and more about staffing, says Gary Glassman, CPA, a Veterinary Economics Editorial Advisory Board member and a partner with Burzenski & Co. PC in East Haven, Conn.

"The quoted 25 percent of production for total veterinarian pay is an industry benchmark that includes pay and benefits," says Glassman. But if your staffing is keeping you from meeting your pay potential, you need more team members.

With additional team members hired, doctors could be freed up to see more appointments and generate more revenue, says Glassman.

Hot topics on dvm360

Blog: Election results pose obstacles for veterinary prescription law

Flip in U.S. Senate's majority may slow progress of Fairness to Pet Owners Act.

7 steps to a better relationship between veterinarians and rescue groups

A DVM in the city shares his advice to veterinary practices for working with rescues.

The war between shelters, veterinarians needs to end

Despite practitioners’ legitimate gripes, they’re hurting themselves.

Making it work: Cavanaugh Pet Hospital dedicates itself to a positive, productive shelter relationship

Watch "Moustakas" benefit from Cavanaugh Pet Hospital's partnership with Furry Kids Refuge.

Ebola-exposed dog's first test for the virus is negative

Bentley will continue to be treated with an abundance of caution for the remainder of his quarantine, while his owner has been declared 'virus-free.'