Career Planning Tools-Basics of Contract Negotiation

Pdf Summary

Negotiating a contract can be a challenging task, but it can also lead to great rewards. The key to successful negotiations is perseverance and creative thinking. Here are some tips for negotiating contracts:<br /><br />1. Before interviewing for a job, research the salary range in your field to determine your worth. Network with others in your field, cold call professionals, and browse the internet.<br /><br />2. Be patient with your employer and do not rush to accept an offer. Negotiating contracts is a process, and accepting an offer too early may result in a less favorable contract.<br /><br />3. Research the organization to determine if they are open to negotiations. If they are not flexible, focus on improving other benefits in the contract.<br /><br />4. Make sure all expectations are explicit in the contract. Outline all benefits and penalties.<br /><br />5. Do not forgo significant benefits out of fear of offending your employer. Address all your concerns.<br /><br />6. Always know what you want to achieve in the negotiating process and be prepared to walk away if necessary.<br /><br />7. Understand the laws of the state you will be working in to determine the validity of contract terms.<br /><br />8. Understand the types of medical malpractice insurance available and what your employer is providing.<br /><br />9. Tail coverage, which covers incidents that occur during the policy period, varies in payment options. Understand what is expected of you in terms of payment.<br /><br />10. Ensure your employment agreement is compliant with tax-exemption laws, anti-kickback statutes, and Stark Law. Review the referral structure in your contract to ensure compliance.<br /><br />The employment contract is a powerful document that can benefit you before, during, and after your employment. Take the time to fully understand everything in the contract before signing.

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TPP Content Type Career Planning Tools

Keywords

negotiating contracts

successful negotiations

perseverance

creative thinking

salary research

patient negotiation

flexible organizations

explicit expectations

addressing concerns

knowing objectives

Career Planning Tools