289. Why I Don’t Like the Percentage Pay Model

Would you rather read the transcript? Click here Today I’m talking about another business question that comes up a lot in the Facebook group and in my mastermind groups: should I pay my employees/contractors using a percentage model or a flat hourly rate? I have LOTS of thoughts about this. Here are the main topics that I touch on: * Why is this important?* What are the primary models of compensation in a mental health practice?* What are the pros of a percentage model?* What are the cons of a percentage model? Cool Things Mentioned * TTP episode on budgeting and gross revenue percentage for expenses* The Testing Psychologist mastermind groups Featured Resource I am honored to partner with PAR to bring you featured items from their catalog! Listen to each episode for specific product recommendations and links. Learn more at www.parinc.com. The Testing Psychologist podcast is approved for CEU’s! I’ve partnered with At Health to offer CE credits for podcast episodes! Visit this link to access current and past episodes available for CE credit. You can use code “TTP10” for a discount on ALL the course credits you purchase from At Health! About Dr. Jeremy Sharp I’m a licensed psychologist and Clinical Director at the Colorado Center for Assessment & Counseling, a private practice that I founded in 2009 and have grown to over 20 clinicians. I earned my undergraduate degree in Experimental Psychology from the University of South Carolina before getting my Master’s and PhD in Counseling Psychology from Colorado State University. These days, I specialize in psychological and neuropsychological evaluation with kids and adolescents. As the host of the Testing Psychologist Podcast, I provide private practice consulting for psychologists and other mental health professionals who want to start or grow psychological testing services in their practices. I live in Fort Collins, Colorado with my wife (also a therapist) and two young kids. Ready to grow your testing services? Click below to schedule a complimentary 30-minute pre-consulting call!