![]() ![]() ![]() ![]() Both surveys and calculations have inherent problems, and calculations of surveys even more, but this chart should get you in the ballpark of reasonable wages. The above chart excludes benefits, assumes 2,080 hours annually, and assumes a 1.9 percent increase per year from the 2009 numbers. The original chart above was reported in the 2015 edition of Key Metrics, however, the numbers have been adjusted from the original survey numbers in 2009 to 2016 numbers. Staff Hourly and Annual Salaries by Position SurveyĪnother way to examine your staff payroll is to compare it to the adjusted Staff Hourly and Annual Salaries by Position survey. In practices with gross revenue under $500,000 per year, and in younger practices, the number may be smaller at 15-18 percent. In specialty practices like vision therapy or low vision, the number may even be a bit higher at 23 percent. In today’s highly medical world, the 20 percent number may slip up to 21 percent or 22 percent. If you have a $1 million gross revenue practice, then you have up to $200,000 to purchase those employees–and that is all the money it costs you to buy those staff members: wages, bonuses, benefits (e.g.: healthcare, vision care, vacation, sick leave, pension contributions, profit sharing), payroll tax, uniforms …everything. That is the pot of money that you have to buy your non-doctor, non-in-house optical laboratory staff (those are the people that edge or finish lenses). Start by taking 20 percent of your gross collections. You need to take all of these methods into your calculations for how much you pay staff. There are several ways to address how much you pay employees in an eyecare practice. ECP office managers in the Midwest are paid an average of $52,647, and those in the West are paid an average of $54,807.Ĭlick HERE to purchase Jobson Optical Research’s 2015 ECP Compensation Study. How much do you pay your office manager? According to Jobson Optical Research’s 2015 ECP Compensation Study, office managers in independent eyecare practitioners’ offices in the Northeast are paid $61,671 on average, while those in the South are paid, on average, $47,797. ![]()
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