Looking at GI Practice Management Differently: Fortify the Business of Healthcare in the GI Practice (On-Demand) | November 2021-Panel Discussion

Video Transcription

Video Summary

During the final Q&A session of a video, the topic of employee management is discussed. The first question is about whether bonuses or raises are better for staff acceptance and retention. The discussion highlights that both serve purposes, with bonuses providing immediate cash and raises offering long-term salary growth. The importance of fair compensation and salary surveys is emphasized. It is noted that in the current labor market, bonuses have helped with retention, but employees may eventually seek other forms of compensation. Another question relates to negotiating higher salaries in a hospital-owned situation. It is explained that hospitals often have system-wide HR policies and may be unable to negotiate individual salaries. The importance of creating a safe space for employees to voice concerns is discussed, with suggestions including anonymous reporting processes and support from managers and providers. The panel also discusses the impact of diversity, equity, and inclusion in their practices, noting the importance of affirming and valuing all employees.

Keywords

employee management

bonuses

raises

staff retention

fair compensation

diversity