Over the last 5 years, the Bureau of National Affairs reported that over 11 Billion dollars are lost annually due to employee turnover. According to APTA’s Workforce Data, the industry is on track to have a shortage of 26,560 Physical Therapists by 2025. The Department of Labor projects the need for occupational therapists will grow much faster than average, with an 11% increase in employment from 2023 to 2033. In addition, the Department of Labor projects that employment for speech-language pathologists (SLPs) will grow at the rate of 18% from 2023 – 2033. This translates to about 13,700 SLP openings each year, on average.
Private practices and organizations are experiencing trends in employee morale declining, patients getting less attention, higher voluntary employee turnover, more mistakes occurring, and increased lawsuits. In addition, insurance reimbursements have been primarily stagnant or declining over the last decade, influencing higher productivity expectations.
In this online course, we will uncover the key ingredients to developing a sustainable compensation structure in today’s environment to retain staff and increase transparency as a cornerstone of workforce retention.
This 1.5-hour online course will uncover the key ingredients to developing a sustainable compensation structure in today’s environment to retain staff and increase transparency as a cornerstone of workforce retention. This online course is applicable to practices and organizations that employ physical therapists, physical therapist assistants, occupational therapists, occupational therapy assistants and speech-language pathologists.At the conclusion of this online course, participants will be able to:
- Identify the difference between exempt status and non-exempt status for employees and the compliance factors that influence an employee’s compensation structure.
- Define different compensation structures that a private practice may offer and determine which approaches optimize the bottom line growth for the private practice while still attracting top talent.
- Understand how to craft a bonus structure and incentivize earning potential with shared risk between the employer and employee
- Grasp how to calculate a compensation’s total people cost to communicate clearly with each employee and ensure your compensation approach is sustainable
Brandon Seigel is a bestselling author, recognized private practice guru, and the President of Wellness Works Management Partners. Throughout his storied career, Seigel has empowered healthcare systems and private practices throughout the United States to streamline operations, build winning teams, implement effective business models, and ultimately transform archaic systems into innovative success. Seigel consults with hundreds of healthcare organizations and has built a revolutionary deconstructed MSO which is transforming the way healthcare is delivered.
Scott Booher brings over 25 years of experience in the Healthcare Sector and has been specializing in human resources & workforce compliance for the past 19 years. Scott is the Chief HR Officer for Every Child Achieves as well as the Chief HR Consultant in collaboration with Wellness Works Management Partners which he oversees the fractional HR management program. Scott’s passion stems from the concept that human resources can be a cornerstone of how businesses function. Scott is passionate about unlocking the pain points in any private practice’s workforce and creating strategies and relationships that change the way outcomes are reached within the organization. Scott elevates the way that a private practice reaches milestones by connecting and solving problems that relate to human capital, policies and procedures, labor compliance, and employee culture. Scott is an active member of the Society of Human Resources Managers (SHRM) and is a pinnacle leader and collaborator in partnership with Brandon Seigel for over 10 years.
Any Private Practice or Rehabilitation Agency Owner, Administrator, Manager, Operations Director or representative that is involved in workforce compensation strategy.
In addition to the expertise and advice presented during this online conference, you’ll also receive a handout (in PDF format) that will include related references.
This online course has not been submitted to any state board or national organization for CEU approval. A certificate of attendance will be available upon completion of the webinar for each participant and may be adequate for credit in some states; you will need to contact your state licensing regulatory body to determine whether or not credit will be granted for this webinar conference. We provide no additional information for CEU approval.
This online course was approximately 1 hour and 40 minutes (including Q&A time recorded) .
There are no refunds for no shows or any other reasons once you register and payment is received. We are not responsible for organization firewalls or computer software issues that may interfere and/or prohibit your connection to the webinar portion of the presentation.
Venue system requirements:
- Microsoft Internet Explorer 7+, Mozilla Firefox 2.5+, Safari, or Chrome
- 1024 x 768 screen resolution
- Stable Internet connection, DSL or above
- Wired Internet connection; wireless is not recommended
- Flash Player 9 or higher
- Disable pop-up blockers
- Computer speakers for participants
Note: Android Smart Phones (i.e. iPhone) are not compatible.
In order to ensure a successful connection to the playback webinar link, please take a moment to conduct a system test by clicking this link: http://web.telspan.com/systemcheck
***Application Sharing does not need to be operational in order to view this webinar playback link.
*** This WEBINAR PLAYBACK LINK and HANDOUTS is not to be distributed outside of your organization. If you have a larger organization and have multiple locations, then please contact us here for pricing.
