Page 19 - Delaware Medical Journal - December 2017

YOUR CAREER
NONECONOMIC BENEFITS “You’ve got to be very careful if you don’t know where you are going, because you might not get
Salary, bonuses and loan repayments are
Imagine deciding between two contracts. One contract pays $35,000 more annually. The higher paying contract provides you with individual health insurance and a claims-based professional liability policy that requires you to pay the cost of the “tail” policy upon your departure for any reason. The contract with the lower annual salary
“The towels were so thick there I could hardly close my suitcase.” –Yogi Berra
there.” —Yogi Berra
ability to moonlight and retain that compensation, a signing bonus, and reimbursement for moving expenses. When viewed in the entirety, the contract with the lower base salary may actually be a much better option.
When these four compensation components of the employment contract are coordinated, you can hit a professional home run. If one or more of these elements is missing or incomplete, you may strike out and feel the need to move on to the next job.
This article was originally published in the Fall 2017 issue of Practice Link.
provides family health insurance, life insurance for you, 401(k) match, occurrence professional liability coverage that does not require you to pay for a “tail,” $5,000 annual CME allowance, payment for licenses and dues for professional societies, the
CONTRIBUTING AUTHOR
■ BRUCE ARMON is a Partner and Chair of the law firm Saul Ewing’s health care group in Philadelphia.
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