Can someone comment on their experiences with different salary structures and what they prefer?
1-Flat salary with no bonus.
2-Base salary + incentive bonus
3-Hourly rate
Because I'm looking into full time positions, it seems like 1 and 2 are more common. #1 tends to start with a higher salary. #2 will have a lower base (sometimes significantly lower), but the potential to earn as much or even more than what's offered in #1.
It looks like #1 would be the safest especially if the workload and expectations are predictable. Although #2 can be tempting with the potential salary..
Speaking of bonuses, every program seems to have their own setup. Some will look at meeting quality metrics, good timely documentation, RVUs. Others will consider the revenue that you are pulling in and allow you to get back x% of the revenue. This is all too new to me. Hoping someone can shed some light on their experiences.
Thanks!
1-Flat salary with no bonus.
2-Base salary + incentive bonus
3-Hourly rate
Because I'm looking into full time positions, it seems like 1 and 2 are more common. #1 tends to start with a higher salary. #2 will have a lower base (sometimes significantly lower), but the potential to earn as much or even more than what's offered in #1.
It looks like #1 would be the safest especially if the workload and expectations are predictable. Although #2 can be tempting with the potential salary..
Speaking of bonuses, every program seems to have their own setup. Some will look at meeting quality metrics, good timely documentation, RVUs. Others will consider the revenue that you are pulling in and allow you to get back x% of the revenue. This is all too new to me. Hoping someone can shed some light on their experiences.
Thanks!