Physician Compensation and Benefits Worksheet:  Factors to take into consideration in determining your salary, benefits and overall physician compensation:

Questions: Yes/No Benefits or Other Factors Cost to You Salary or Benefit Value per annum
What is the base pay offered and where does it fall into the range you desire?     $ $
If the salary is at the high end of the range, are there expenses you will assume yourself from the benefits listed below?   Use the "Cost to You" column.    
Are there compensating factors to a low range salary and do they have a monetary value or some other value to you?   Calculate yearly values of benefits and record in the far column.    
Are bonuses offered, annual or other?   Expected amount?    
How are the above bonuses determined?        
When are the above bonuses paid?        
Is there partnership potential?        
May you accept other income from other sources such as speaking engagements, authorships, moonlighting, etc? Record those that may apply to you.        
Is there a restrictive covenant?    Length of time and/or geographic area?    
Benefits: Assign a yearly value and record        
     FICA/Medicare paid?        
     Health Insurance? Portion paid?    Cost to you?    
     Life Insurance (face value)?   Cost to you?    
     Dental Insurance?   Cost to you?    
     Short-Term Disability?   Cost to you? Duration? % of pay?

 

    
     Long-Term Disability?   Cost to you? Duration? % of pay?

 

    
     Pension Plan?   Defined Benefit? Defined Contribution? Vesting schedule?

 

    
     401(K) or other retirement savings?   Maximum contribution? Before or after tax? Vesting schedule?

 

    
     Company match: Profit Sharing?   How much? %?    
     Company match: Student Loans?   How much? %?    
     Professional Dues and Licensing?   Record both those paid for by your employer and those you will need to assume yourself.

 

 

 

    
     Malpractice Insurance?    Coverage Limitations individual and aggregate? Record any cost to yourself.

 

    
     Tail Coverage?        
     CME Allowance?        
     Auto Allowance?        
     Auto Insurance?        
     Cellular Phone Expenses?        
     Parking?        
Other Benefits (record value!):   # of days and amount.    
     Vacation pay?        
     Sick pay?        
     CME/Professional Development?        
     Family leave?        
Non-Financial Benefits:        
     Office Physical Environment?        
     Practice Culture?        
     Other physicians?        
     Staff?        
     Commute?        
     Cost of living?   This may decrease or increase the value of an offer significantly.    
     Desirability of location with regards to your lifestyle, family, recreational activities and/or career advancement.        
Total yearly cost to you for benefits:     -$  
Total yearly value of salary and benefits:       +$
Total Compensation:       $$