Issue link: https://viewer.e-digitaledition.com/i/35324
Continued from Page 19 Other suggested reasons for compensa- tion disparity include an increasing number of female physicians have reduced their demand in recent years. Also, female physicians’ tendency to spend more time with each patient could reduce earnings depending on compensa- tion models. Do Your Homework An important fi rst step for new physi- cians is calculating his or her current budget to learn the minimum amount he or she must earn. Next, researching salaries of other physicians in the area can establish the lowest and highest offers a new physician may be offered and can accept. New physicians should also inventory their personal assets and potential liabili- ties for a prospective employer. Limited experience and few or no established patients could be a drawback compared to other applicants. Fresh from residency, new physicians SUCCESSFUL SALARY NEGOTIATIONS FOR NEW PHYSICIANS, negotiating a fi rst salary can be diffi cult after years of living on residency pay. Although high on the list of questions for a prospective employer, physicians should wait until a position has been offered before discussing compensa- tion. The offer should give applicants a sense of power as they negotiate compen- sation, which may include health insurance, paid time off and other benefi ts. likely will bring different ideas and the latest treatment skills to a new position. Further, new physicians might have fewer responsibilities outside of work and greater enthusiasm and dedication than more seasoned candidates. Build Your Career New physicians should keep in mind ++ + ETHICS+ ++++++++++++++ ++ + ++++++++++++++ + they are launching their careers in a time of physician shortages. Applicants should be selective and only accept compensation and a professional quality of life that matches what their education and skills are worth. n Upcoming CME Courses www.cmecourses.umn.edu Office of Continuing Medical Education 612-626-7600 or 1-800-776-8636 email: cme@umn.edu UPCOMING CME COURSES Bakken Symposium 2011 July 25 – 26, 2011 Global Health Training August 1 – 26, 2011 UPCOMING FALL 2011 COURSES Pediatric Clinical Hypnosis September 15 – 17, 2011 Pediatric Trauma Summit September 22 – 23, 2011 Obstetrics, Gynecology, & Women’s Health Autumn Seminar September 23, 2011 Pain Management for Primary Care September 28, 2011 Practical Dermatology September 30 – October 1, 2011 Twin Cities Sports Medicine September 30 – October 1, 2011 Psychiatry Review October 3 – 4, 2011 Urology for Primary Care October 6, 2011 Transplant Immunosuppression October 12 – 15, 2011 Internal Medicine Review and Update November 2 – 4, 2011 Emerging Infections November 18, 2011 ON-LINE COURSES Courses available for AMA PRA category 1 credit. http://www.cme.umn.edu/online Reducing Recurrent Preterm Birth Travel Medicine Healthcare for Immigrant & Refugee Populations ECG of the Week Adult Congenital Heart Disease All courses are held in the Twin Cities unless noted MDNEWS.COM MD NEWS Twin Cities | 21 “ T h e D i f fi c u l t I s s u e s ”