68% of Graduating Physicians Want Sign-on Bonus, 29% Want Hospital Practice

The time for hospitals to attract physicians from the 2013 graduate pool is now, as these residents and fellows are considering their ideal practice location.

The annual Residents and Fellows Survey, conducted by Cejka Search, identifies some of the major behaviors and decision-making factors from the 2012 graduating class, which can help providers gain insight when recruiting physicians from the class of 2013.

Here are some of the survey's major takeaways.

• Group practice was the ideal choice for 46 percent of respondents, while 29 percent said a hospital practice was most preferred.

• Ninety-five percent of respondents said suburban communities are their first or second choice for a practice location, and 84 percent selected a metropolitan community in their top-two preferred locations. Thirty-two percent of respondents would not consider a rural area.

• Seventy-five percent of respondents expected a sign-on bonus, and 68 percent preferred to receive compensation in the form of a salary with a production incentive.

• Fifty-one percent of residents and fellows emerging from training in 2012 began interviewing before December 2011. By the end of March 2012, 41 percent had signed contracts.

• Sixty-seven percent of respondents said their job selection is dependent on the interests of their spouse, significant other or family member. Twenty-four percent of respondents have a spouse or significant other who is also a physician.

• When it comes to strategies to identify job opportunities, 63 percent of respondents networked with colleagues, 57 percent resorted to online job boards and 54 percent used emailed opportunities.

More Articles on Physician Recruitment:

Assessing the Fit of Physician Recruits
Attracting New Talent in Small Markets: Q&A With Saint Luke's Surgicenter Administrator Janet Gordon
6 Essential Physician Recruitment Tips From Industry Experts

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