Published in Our Bite-Sized Practice Management Newsletter
Published in Dental Economics, Feb 2024 This is going to
Dear Sharyn My hygienists have banded together and asked me
Last week, I wrote an article, The Holiday Gift Dilemma, about how to make the mandatory office cash bonus more interactive and meaningful. But since then, a few of my clients have asked additional questions about what amount of money they should give their team members for their holiday gift. So, this Ask Sharyn responds to everyone’s joint confusion: How much cash should I give my team at Christmas?
Every Dentist In the USA
Money solves a lot of problems, right? But more money via a bonus system may not be the answer to motivate your team. What will?
Well, I’m famous. Recently I was interviewed by Art Weiderman on his Dental and Financial Planning podcast where we talked about the Do’s and Don’ts of employee compensation. And I have an article coming out in the November issue of Dental Economics called, “Why You Should Ditch Your Bonus Plan.”
View your current payroll costs at a glance and forecast the impact of potential raises. You will be able to see any compensation inequities, compare payroll costs to your production and calculate the costs of proposed raises against your production goals.
“As an Office Manager, I’ve seen a great difference in my practice since starting with Sharyn. Three years ago our staff was in turmoil with a lot of infighting and gossip and some jealousy directed towards me.
I had given up because everything I did was judged. Now I have learned to have more one-to-one communication and by being more vulnerable with individuals I found my leadership voice. As a team, we’re all focused on the same goals.
Last year, in August we produced $88,000. This year we’re on track to produce $111,000 this month. I know it’s because we learned how to follow through with patients and communicate our expectations while building our systems.
Sharyn has gotten us out of our comfort zone and inspired us to dream bigger and it works.”
