We review once a year, not quarterly. It just works out better for us that way. I always add up employee perks, insurance, retirement, uniform allowance, vacation time, CE, recalculate and inform all our employees of their "true" hourly wage at review. I give raises at this time too. Going on 23 years at this practice alone, I find repeatedly, that most employees, regardless of perks, focus on their base hourly wage and how many hours are available for them to work. I like to be very competitive in the base hourly wage area, before calculating in all the perks. Even before the perks, my employees are making above average hourly wage, certainly no less. I can't give them any more hours than our office schedule permits. We have been down that road. Hygiene, I have found, has a natural ceiling when it comes to the hours needed for each practice. You can try to grow it, but you have to be willing to possibly increase the size of your office, add more operatories, more overhead, participate in more plans, more discounting, do more exams while working on your own patients, interrupting the work you are trying to accomplish and has the potential for more canceled/broken appointments. For us, it was not an efficient proposition. We have found the ideal number of hours for our office, and it has been pretty consistant over the years. We've only had employees leave, and not often, because of pregnancy, marriage, moving or very occasionally dismissal. Due to dismissal, maybe only 2-3 employees over our 22+ years at our office. None of our employee's income is related to a percentage of their production. This system works well for us and may be a little easier to keep track of. I'm glad yours, slightly different, works for you.👍
Living and learning every day!~