Blackwell Section 3 Human Resources Flashcards
What information should be included in an employee benefits summary?
Wages, Insurance benefits, CE, license payment, paid time off, and employee discounts
What are the components of a successful employee bonus plan?
- Owner needs to be aware of areas of manipulation and have a structure to prevent this
- Timely and reliable data should be used to make sure the appropriate bonuses are paid out
- A thoughtful and upfront design
- Sensible and equitable individual bonus
- Proper administration
Gainsharing
A program through which employees are motivated to improve performance through involvement and participation
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 319). Wiley. Kindle Edition.
Open-book management
A practice whereby owners and/ or managers allow staff access to select financial data of the practice, such as gross revenues, in order to ascertain projected employee bonus calculations.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 319). Wiley. Kindle Edition.
What are the key steps in customizing a bonus plan?
1.Determine eligible staff members
2.Determine potential individual bonus awards 3.Assess whether both individual and/ or departmental bonus payments will be incorporated (ultrasound, pharmacy, radiology, reception, etc.)
4.Schedule bonus frequency (monthly, quarterly, annual payments, or a combination of all three.
5.Assess the method for bonus division (hours worked, departmental base pay, discretionary individual component, etc.).
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 320). Wiley. Kindle Edition.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 320). Wiley. Kindle Edition.
Simplified Employee Pension
Simplified Employee Pension
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 322). Wiley. Kindle Edition.
Benefits
Generally indirect and noncash compensation paid to an employee. Examples include health insurance, paid time off, and retirement plan contributions.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 324). Wiley. Kindle Edition.
Payroll
The amounts paid to employees as compensation for the services provided to the practice.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 324). Wiley. Kindle Edition.
Worker’s Compensation Programs
Are designed to protect employees who become ill or injured on the job
medical and rehabilitation costs, and replace wages during the period of recovery and rehabilitation. Additional benefits may also be available.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 325). Wiley. Kindle Edition.
Continuing Education
Also known as continuing professional development (CPD), the ongoing training of doctors and other team members through conferences, journals and texts, online programs, other live educational programs, and self-study courses.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 327). Wiley. Kindle Edition.
Employee pay requirements for CE
Practices that require CE for employees are required by federal law to pay for the time incurred in attending CE programs for all nonexempt employees. These hours must also be counted in overtime calculations.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 328). Wiley. Kindle Edition.
Employee Hiring Cycle
- Identify need for hire
2.Determine skill level of personnel
3.Write and review job description
4.Determine where to source candidates from
5.Develop a process for screening candidates - Create an advertisement and where you would like it displayed
- Respond to candidates in a timely manner
8.Evaluate candidates - Make offer
10 Create training program
Behavioral Interviewing
A job interviewing technique in which the applicant is asked to describe past behavior and experiences to help determine appropriateness for the current position.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 339). Wiley. Kindle Edition.
Impact
Impact is a measure of the results the candidate has achieved in the past and the result he or she is likely to achieve in the future.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 339). Wiley. Kindle Edition.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 339). Wiley. Kindle Edition.
Potential
Potential is a measure of the growth that an individual would be expected to experience and the increase in impact that an individual might be capable of over time.
Ackerman, Lowell. Blackwell’s Five-Minute Veterinary Practice Management Consult (Blackwell’s Five-Minute Veterinary Consult) (p. 340). Wiley. Kindle Edition.