EastWest Gal
Thinks s/he gets paid by the post
I posted some stuff about this on my introductory thread. I am really needing suggestions on how to get the most from these guys. Here is my scenario:
I work in a mostly hospital based medical group that has many sites around the country. We are a publicly traded company. Our local group staffs our specialty in two hospitals.
I announced my retirement months ago, effective in under three weeks. I work in one of the hospitals, where we all work our butts off. At the other hospital, it's a bit of a country club atmosphere, and yes we have to stay local and come in at all hours day and night. The group is renting an apartment for the position for which I am suddenly needed. I filled in over Christmas and made as much $ in 4 days doing basically nothing as I do in 2 weeks in my present location, literally killing myself.
The other hospital is a separate entity and separate cost center; the pay there does not impact the bonuses and income of the group directly--it is a new cost center.
I found out the people working there make about 50% more than I do for about 1/3 the work, 1/10 the stress, +call.
An emergency is occurring in which one of the people working at the other site is about to be placed on "administrative leave" or maybe being fired because of really bad performance issues. In desperation, they have come to me to ask me to fill at least some of this person's time until a replacement can be found.
I will be missing several events in my personal life as a result of doing this, the very first week. They need me to start THE DAY AFTER MY RETIREMENT DATE. I have said yes, tentatively, pending a money conversation that is yet to happen with our medical director and regional director.
I have decided to ask for:
1. Pay at least equivalent to the person I am replacing. (which would give me a 50% pay bump and it means I don't have to start my dipping into my before taxes investments until well into next year.) I was able to weasel out from one of the "leadership team" the pay of the person who is underperforming. (He he he)
2. Continuation of all benefits until I am not needed. Then I do COBRA moving toward insurance through the ACA.
Should I ask for any more? The person I'm replacing gets $180K/yr, full time. I only got $145K but I got pretty good bonuses when we got them, bumping my compensation to $170-$250K/yr. I cut back hours and pay this year, just to stay sane. It will cost the company nothing for me to jump in and work--I don't need any training or credentialling as it is already done.
Negotiating tips and suggestions would be very helpful.
Please don't filter for "appropriateness" I'm feeling a little bit like a shark--this is my chance to make off like a bandit. They can afford me. My motivation to do this is a couple of things: 1. To say FU to the really strangely managed hospital I am at now. 2. For a bit of recognition of my value as a caring physician which has been under recognized by many in my group. The sheer joy of getting a lot of $ for relatively easy work. Say what you want and have at it. I posted some stuff about this on my original introductory thread but it is coming down to nitty gritty time, so I really want all the down and dirty input you can give.
I work in a mostly hospital based medical group that has many sites around the country. We are a publicly traded company. Our local group staffs our specialty in two hospitals.
I announced my retirement months ago, effective in under three weeks. I work in one of the hospitals, where we all work our butts off. At the other hospital, it's a bit of a country club atmosphere, and yes we have to stay local and come in at all hours day and night. The group is renting an apartment for the position for which I am suddenly needed. I filled in over Christmas and made as much $ in 4 days doing basically nothing as I do in 2 weeks in my present location, literally killing myself.
The other hospital is a separate entity and separate cost center; the pay there does not impact the bonuses and income of the group directly--it is a new cost center.
I found out the people working there make about 50% more than I do for about 1/3 the work, 1/10 the stress, +call.
An emergency is occurring in which one of the people working at the other site is about to be placed on "administrative leave" or maybe being fired because of really bad performance issues. In desperation, they have come to me to ask me to fill at least some of this person's time until a replacement can be found.
I will be missing several events in my personal life as a result of doing this, the very first week. They need me to start THE DAY AFTER MY RETIREMENT DATE. I have said yes, tentatively, pending a money conversation that is yet to happen with our medical director and regional director.
I have decided to ask for:
1. Pay at least equivalent to the person I am replacing. (which would give me a 50% pay bump and it means I don't have to start my dipping into my before taxes investments until well into next year.) I was able to weasel out from one of the "leadership team" the pay of the person who is underperforming. (He he he)
2. Continuation of all benefits until I am not needed. Then I do COBRA moving toward insurance through the ACA.
Should I ask for any more? The person I'm replacing gets $180K/yr, full time. I only got $145K but I got pretty good bonuses when we got them, bumping my compensation to $170-$250K/yr. I cut back hours and pay this year, just to stay sane. It will cost the company nothing for me to jump in and work--I don't need any training or credentialling as it is already done.
Negotiating tips and suggestions would be very helpful.
Please don't filter for "appropriateness" I'm feeling a little bit like a shark--this is my chance to make off like a bandit. They can afford me. My motivation to do this is a couple of things: 1. To say FU to the really strangely managed hospital I am at now. 2. For a bit of recognition of my value as a caring physician which has been under recognized by many in my group. The sheer joy of getting a lot of $ for relatively easy work. Say what you want and have at it. I posted some stuff about this on my original introductory thread but it is coming down to nitty gritty time, so I really want all the down and dirty input you can give.