- MEDIUM
- Business
- Tier 1
- Hard News
How to use your existing benefits to beat wage expectations
- Source
- Dental Economics
- Author
- Alan Twigg,Sarah Fluharty, SHRM-CP
- Originally at
- dentaleconomics.com(opens in a new tab)
Summary and scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol. Not the original publisher.
Why it matters for dental
Practice owners and hiring managers can strengthen their recruiting position without raising wages by quantifying the dollar value of benefits already in place, turning an existing cost into a competitive hiring tool.
Key points
- 01
ADA Health Policy Institute survey reports 40% of dental clinics lack adequate hygienist coverage and that real wages for dental staff have declined after inflation adjustment.
- 02
US Bureau of Labor Statistics data states that base wages account for 70% of total employee compensation, with benefits adding an average 43 cents for every dollar of wages.
- 03
Article recommends structuring total compensation into three tiers: direct earnings (wages, bonuses), standard benefits (PTO, medical, holidays), and discretionary perks (wellness programs, licensure reimbursement).
- 04
Hiring managers are advised to present candidates with a concise written summary showing the combined dollar value of benefits the candidate would receive.
Who should care
- Owner
- Staff
Read the original
Dental Economics
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