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Welcome to another episode of the Veterinary Business Success Show. In this episode, we are joined by none other than Dr. Dave Nicol, CEO of VetX International, to discuss how to compete with the incredibly high sign-on bonuses for veterinarians.
Dr. Dave Nicol is a veterinarian with more than 20 years of experience in general practice and has held several leadership roles within practice and industry. He has written three books, most recently the best-selling, So You’re A Vet…Now What? – a manifesto on how to survive as a veterinarian after graduation.
He founded VetX to help vets connect with their careers and help practice owners create fantastic practices for the vets to work in. He speaks at conferences all over the world to speak about his favorite topic of leadership and generally cheerleading for the veterinary profession, and in 2019 he was voted VMX Practice Manager Speaker of the Year.
In this episode, Dr. Dave addresses the topical veterinary industry concern, “Is it financially stable to offer new doctors a significant amount of signing bonus?”. Dr. Dave and Brendan Howard discuss other aspects of this as well, including inflation, misconceptions about young veterinarians, and the reality behind such huge signing bonuses.
Listen as the expert in the field describes how practice owners can foster a profitable work culture for both themselves and the vets without giving them hefty signing incentives.
Connect with Dr. Dave Nicol