Shutting the Associate Revolving Door: Strategies for Long-Term Retention

Successful practices grow, and growth brings its own set of challenges. One of the biggest? Finding an associate who fits your team, sticks around, and maybe even steps into ownership. Stats show that 75% of new associates leave within their first year. Just think how this plays out on your team's dynamic and patient trust. Not to mention the stress this causes practice owners. There's a fix to this, and my guest Robert Spiel has all the answers. He's the founder of Dentist Partner Pros and expert in associate retention. He's a former hospital CEO, author, and a thought leader in building successful, multi-doc practices.  With 14+ years of experience and an impressive 85% success rate, Bob has cracked the code on how to shut the associate revolving door.  Bob lays out his proven, systematic approach that's transforming the way dental practices hire and retain associates. He also shares:  The key to making associates feel like partners. The importance of the right cultural fit. How team involvement makes all the difference. Don't let the fear of associate turnover hold your practice success back anymore! Tune in to learn how to build a successful, sustainable team for long-term growth. —  Key Takeaways: Introduction (00:00) How Bob Spiel helps dental practices (01:15) Why there's a 75% failure rate in associate hiring (05:44) The mindset practice owners need when hiring (10:27) What causes issues and ensuring the right cultural fit (13:19) The cost of associate turnover and your team's role in their success (16:04) Compensation expectations and attracting top talent (19:06) How Dentist Partner Pros makes hiring easier (21:56) Final thoughts & lighting round Q&A (23:20) — Connect with Bob: Book: "Flip Your Focus: Igniting People, Profits and Performance through Upside-Down Leadership" https://www.amazon.com/Flip-Your-Focus-Performance-Upside-Down/dp/154476541X — Learn proven dental marketing strategies and online reputation management techniques at DrLenTau.com. This podcast is sponsored by Dental Intelligence. Learn more here. This podcast is sponsored by The Doc Sites, the leading provider of websites and online marketing for dentists. Find out more here. Raving Patients Podcast is your go-to place for the latest and best dental marketing strategies that will help you skyrocket your practice. Follow us for more!