|
What motivates physicians to accept a specific practice opportunity involving
relocation? The trends today are far different from 20 years ago, when
Jackson & Coker first surveyed doctors interested in permanent employment
options.
Physicians accept career opportunities involving relocation for a number of
reasons. This survey shows an overall pattern related to chief
motivational factors for relocating. Compared to 20 years ago, doctors are
less concerned about aligning with a hospital for a long period of time to build
their practice, and more concerned with immediate income potential and
quality-of-life issues.
Survey Commentary
Twenty years ago, Jackson & Coker commissioned a survey to determine the leading
factors that prompt career-minded physicians to accept new practice
opportunities requiring relocation. Doctors in major medical specialties were surveyed.
Their responses
coalesced around several chief motivators for relocation. The top three
decision-making factors were ranked as follows:
1. Association with hospital facility
2. Potential income
3. Overall lifestyle concerns
As important as it was for physicians and their families to move comfortably into a new community with appealing amenities, of greater concern was
associating with a highly reputable hospital offering attractive potential
income. In fact, immediate income was the most remote factor in practice
selection in the late 1980's.
A lot has changed in twenty years. We live in a more mobile society. The
increased demand for quality health care and the acute shortage of physicians in
most specialties means that candidates have more practice options and can be
highly selective in deciding where they want to practice. Knowing their personal
“market worth,” today doctors have different motivations for making a career
move. According to the current survey, the top motivators for switching jobs
are:
1. Overall lifestyle concerns
2. Potential earnings
3. Immediate income
Explaining the trends
What accounts for the difference in survey findings? Three Jackson & Coker
executives were interviewed and offer personal comments to put the survey
results in perspective.
Tim Sheley serves as Executive Vice President of
Jackson & Coker Permanent Division. Phil Middleton
works in the same division as Vice President.
Sandy Garrett is President of Jackson & Coker
Locum Tenens. Her division serves clients offering both temporary and
temp-to-perm practice opportunities, most of which involve relocation.
What follows are their responses to a number of key questions the survey raises.
- What apparently drove doctors to accept practice opportunities several decades
ago?
TS: Twenty years ago, doctors were chiefly
concerned about security and stability. They desired to build their practice in
association with a financially stable hospital or medical organization.
Immediate income was not as important as establishing long-term relationships
with the hospital staff and settling into a community for a long period of time.
PM: Back then, physicians were content to
establish their practice in a community where they intended to reside for a long
time, or even permanently. Not so concerned with immediate income, they were
more focused on growing a practice with attractive income potential while
serving a community that highly valued their service.
SG: It was surprising to me to see that call,
medical malpractice and work hours did not even factor into the survey 20 years
ago. Apparently medical malpractice was a non-issue in the 80's. Since lifestyle
ranked so highly, one would have assumed that call and work hours would have
factored in a more discernible way. After all, it's difficult to have a great
lifestyle if you are never at home to enjoy the fruits of your labor.
- What drives physicians in selecting opportunities today?
TS: Social trends have certainly had an impact.
Like other professionals living in a mobile society, physicians don't see
themselves working the bulk of their career with a single employer. Currently
the trend is to accept practice opportunities that offer a better quality of
life and more immediate income. Doctors
want to make more money now as well as
enjoy a lifestyle that suits them and their families.
PM: The days of the “old country doc” are gone.
Now physicians are looking for a balance of what is important professionally and
personally. Whereas before, their practice involvement was
their lifestyle; now
they seek a lucrative income that supports their lifestyle.
SG: As opposed to 20 years ago, clearly
physicians today are concerned about life outside of their practice.
Particularly with two household incomes, physicians are looking for a certain
quality of life that they are not willing to compromise when investigating
practice options.
- How does the influx of more women into the medical profession impact the
current survey results?
TS: Although the current survey does not strictly
correlate findings with the breakdown of gender, some observations can be drawn. Obviously, there
are more females in the medical profession today. By and large, they are greatly
concerned with safety and lifestyle issues, as well as balancing professional
goals and family responsibilities.
PM: Female doctors are certainly concerned with quality-of-life issues. In evaluating practices, they consider how they will
structure their day, time they can spend with family, and community amenities
that contribute to an enjoyable life outside of work. This is not to suggest
that they are not money-motivated, but they weigh compensation against other
important factors to them as home makers and mothers.
SG: The biggest difference in this survey versus 20 years ago was immediate income. I don't
think the impact here is based on gender, but more a sign of the times. A physician is seeking what most of the
workforce is seeking today-- financial reward. Twenty to thirty years ago,
physicians, just like all of the workforce, held jobs within the same
organization for 20-30 years and retired from that same job. This isn't the case
for anyone today, male or female.
- How important is relocation itself as a component of practice selection?
TS: Relocation is an important family matter as
it involves everyone in the household.
Children are uprooted from their schools,
and working spouses need to find other employment. Furthermore, as spouses
become more entrenched in their careers, it takes more to move them to accompany
the physicians to a new destination.
When contemplating relocation, the entire
family needs to be convinced that they will enjoy a similar, or better, quality
of life.
PM: Invariably, relocation involves “unplugging”
a doctor and his family from their current surroundings and moving them
comfortably into a new community and work environment. Our job is to help them
make a smooth transition and quick adjustment so that their world is not turned
upside down.
SG: When investigating opportunities, physician
candidates focus on the area and the income potential above all. To sell the
community, it's highly beneficial to schedule in advance for the physician to
see the sites, attractions and special amenities offered. Also, pay attention to
what special interests the doctor has. If
he's shown primarily sporting
attractions but is more into the cultural arts, that won't make a favorable
impression.
“Know your customer” is a key principle of successful sales.
- How do physicians determine a suitable “quality of life”?
TS: Quality of life means something different for
everyone. However, certain concerns are important to all practitioners. Such as:
time they can spend with family during the week and weekends; community
amenities that match the interests of family members; proximity to major
metropolitan areas for shopping, entertainment and better schools for their
children; and other perks that enhance the doctor's lifestyle—such as a liberal
amount of vacation time. Working at one location and not traveling extensively
to different facilities is also an important consideration.
PM: For many doctors, quality of life relates to
geography, climate, and proximity to other family members and to areas that
offer special recreational outlets. Having numerous options for enjoying life
outside the practice environment is extremely important when considering quality
of life.
SG: Quality of life concerns a lifestyle that is
comfortable for the doctor, and his or her spouse and family. Since it's
obviously different for everyone, it's important for hospitals and healthcare
organizations to find out what lifestyle the physicians they are recruiting are
seeking. Asking key questions during the recruitment process helps to put
quality-of-life concerns in clearer perspective.
- What implications does the survey offer for physician recruiters wanting to
attract the best candidates?
TS: Although we don't like to say that doctors
chase “the almighty dollar,” in reality they do. Based on their specialty, they
know their market worth and where they can go to substantially increase their
earnings over the near term and long term. Physician recruiters need to discuss
opportunities in regards to leveraging the doctor's immediate earnings and
enhancing his or her quality of life.
PM: Recruiters should recognize that every doctor
has unique motivations for making a career move.
However, it's important to
focus on the “four dimensions” that drive their decision-making process. These
include: quality of life, quality of practice, geography and money. It's crucial
to help candidates find the balance that's right for them and structure an offer
that will be difficult to turn down.
SG: As with the hospitals and practices, agencies
are going to have to identify what “lifestyle” means to the physician. It is
important that agency recruiters find out the goals of the physicians they are
placing so that they find the best match.
When I started in this industry (in late 1980's), a lot of time was spent
getting to know the spouse and making the spouse comfortable. The results of the
current survey may change that assumption somewhat. Immediate and potential
income are huge factors, and recruiters need to educate their clients: If they
want to hire a great physician, they are going to have to be prepared to be
competitive with compensation.
- Given the survey trends, what should hospitals keep in mind when structuring
compensation packages?
TS: Obviously, there are different compensation
models operative today--straight salary, net income guarantee and gross income
guarantee, among others. In weighing job offers, doctors are sensitive to what
it will cost them to establish their practice and earn a comfortable living that
reflects their worth to the practice. Obviously, they want to “stack the odds in
their favor” when negotiating the terms of an offer. If a facility really wants
to hire a candidate, they need to clearly communicate that verbally and in the
offer they make, which can include addressing partnership potential sooner than
later, for instance.
PM: One trend we're seeing is for hospitals to
offer “monthly stipends” for young doctors to offset the cost of living while
they complete their training and prepare to join a practice. In this manner, the
employer demonstrates a willingness to invest in the doctor's career before he
or she actually comes on board This personal investment pays off in terms of
successful physician recruitment—i.e., “locking up the placement”—and long-term
retention.
SG: Without doubt, hospitals need to recognize
the supply-and-demand of physician specialists across the board. Seasoned
physicians, in particular, know their market value and are not hesitant to
pursue opportunities that fully meet their compensation demands.
- What final thoughts come to mind when evaluating the survey trends?
TS: Specifically, to improve practice management
and reduce call rotation, medical practices might consider using more physician
extenders as part of their staffing model.
PM: Realistically, physician candidates are
willing to make some trade-offs when comparing offers involving relocation. If
the money is right, they will consider a less desirable location. But they look
at the entire package, including long-term earning potential and enhancement to
their existing lifestyle. As they evaluate 4 or 5 practices at the same time,
they look for one that really stands out in an exceptional way.
SG: Physicians who are actively or even passively
job hunting need to be honest with the hospital or hiring practice about their
goals and what they want. By taking time to really figure out what their goals
are, they can narrow their search parameters to achieve more successful results. They've spent far too many hours training to settle for a job that is in an area
that they will hate in six months, or that pays substantially less than what
they can earn elsewhere. This survey gives them the opportunity to see what
their peers are seeking and how it matches up with their own objectives and
expectations.
|