When was the last time you gave your employees a raise? How about yourself? If the answer is greater than one year, then your employees may be losing motivation as well as making it more challenging to recruit top talent.
There are many factors that go into determining physical therapist salary and annual raises. However, like any profession, your employees that stick with you year after year should be compensated for their efforts and loyalty.
If you’re unable to give your PTs a raise (or give yourself one), it’s likely because your business isn’t growing, or worse, your profits are decreasing.
You can’t continue operating this way because:
If you act now, you can make the necessary changes in your business that will allow you to increase your profits, which will allow you to boost the salaries of your PTs, yourself and the rest of your staff!
The proven plan that FYZICAL provides is tailored to your practice’s needs and goals in order to get you where you want (and need) to be. This plan will help you:
By achieving these points above, you’ll drastically increase your revenue and profitability. This is the answer to increasing staff compensation and even offering performance based bonuses.
Once you’re able to give yourself and your therapists a raise, you’ll see a boost in morale and increased motivation and enthusiasm. Your therapists will likely become more productive and provide better care to your patients. It’s a chain of events that just continues to improve your private practice and grow your business well into the future.
FYZICAL’s plan is proven and evidenced to be right for private practices of all shapes and sizes. FYZICAL franchisees continue to see tremendous success. If you don’t at least consider this plan for yourself, you may not be able to grow your practice alone. Don’t you want more for yourself and your team
Schedule a call with a FYZICAL Advisor to learn more about the benefits of the FYZICAL plan, and how it may impact your private practice.