Page 43 - 2015 Key Metrics-Assessing ECP Practice Performance
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Staff Bonuses
Some 56% of independent ODs offer incentive bonuses to staff – a proportion that is declining. Most staff bonus plans pay less than 5% of salary.
Staff Bonus % of Salary
(among practices offering bonuses)
34%
35
30
26%
25
20
16%
15 14%
15
7%
5 4%
0
Less than 2.0% to 3.5% to 5.0% to 10.0% to 15.0%
2.0% 3.4% 4.9% 9.9% 14.9% or more
Source: MBA 2013 Staff Management Survey
Median Bonus 3.0%
Average Bonus 4.3%
Frequency of Staff Meetings
Two-thirds in independent OD practices conduct staff meetings monthly or more frequently.
Frequency of Staff Meetings
Weekly or more frequently 32%
Every two weeks 14%
Monthly 21%
Monthly or more often (net) 67%
Every eight weeks 8%
Quarterly 14%
Every six months 5%
Every twelve months 2%
Never 4%
Average number of staff
meetings convened per year 24
Source: MBA 2013 Staff Management Survey
Key Metrics: Assessing Optometric Practice Performance 2015 41
