Paying Your People (Part 3): Raises

Should we be giving raises?  How often?  And how much?  In Part 3 of the series, we dive into all your questions.From our annual State of Pelvic Rehab survey, we found the following:41% of employees did not get a raise last year34% received a raise between 0-3%So, what should we do as business owners about raises?  We believe (and teach) they should be RTF - Regular, Transparent and Fair.Regular - We believe in an annual raise for your clinicians.  If you were an employee and didn't receive one, it was likely frustrating and a negative experience.  Importantly, we only discuss these at our annual review.  This means we aren't talking about it the other 364 days each year!Transparent - Your people should know how it's done!  We start this conversation in our interviews, and then in our onboarding, 3-month and 6-month reviews.  There are no surprises.Fair - We have the annual raise be a combination of cost-of-living increase (which everyone gets) and a performance-based raise.  Especially as your team grows, you want to make sure these raises are fair to each team member.Remember, the 'raise' can include extra benefits you're giving that year as well!  Paid time off, 401k, health stipend, etc.!We hope this 'sode eliminates some of the uncertainty when it comes time for an annual performance review and raise!Accelerator - January Cohort!If you're a business owner looking to take things to the next level in 2025, you don't have to go it alone!  Our next cohort of the Business Accelerator Program is starting in January.We've taken more than 300 pelvic health businesses through this program.  They've increased revenue, grown in confidence and begun to enjoy the journey more. Whether you're a brand-new business owner or a veteran with multiple employees, this is the program for you!  Check it out and apply at www.pelvicptrising.com/accelerator!We review every application and get back to you, so we'll answer questions and make sure it's the right fit.About UsNicole and Jesse Cozean founded Pelvic PT Rising to provide clinical and business resources to physical therapists to change the way we treat pelvic health.   PelvicSanity Physical Therapy (www.pelvicsanity.com) together in 2016.  It grew quickly into one of the largest cash-based physical therapy practices in the country.Through Pelvic PT Rising, Nicole has created clinical courses (www.pelvicptrising.com/clinical) to help pelvic health providers gain confidence in their skills and provide frameworks to get better patient outcomes.  Together, Jesse and Nicole have helped 600+ pelvic practices start and grow through the Pelvic PT Rising Business Programs (www.pelvicptrising.com/business) to build a practice that works for them! Get in Touch!Learn more at www.pelvicptrising.com, follow Nicole @nicolecozeandpt (www.instagram.com/nicolecozeandpt) or reach out via email ([email protected]).Check out our Clinical Courses, Business Resources and learn more about us at Pelvic PT Rising...Let's Continue to Rise!