Many physicians would give up $20K+ for better work-life balance

Almost half of physicians would take a pay cut to work fewer hours, according to a survey conducted by Medscape

The online survey was conducted among more than 15,000 physicians in 29 specialties. Respondents represented three main age groups: millennials (ages 25-39), Generation X (ages 40-54), and baby boomers (ages 55-73). 

More than a quarter of physicians in each age group would give up between $20,000 and $50,000 per year in salary to work 20 percent fewer hours. Another third in each age group said they would give up $10,000 to $20,000 a year to work fewer hours. 

Medscape writes that these results are "a powerful statement" on behalf of physicians, suggesting that they want greater balance. 

This desire for more balance may partially contribute to the relatively high rates of burnout in the profession, experienced by 42 percent of survey respondents. Burnout was highest among Generation X physicians (48 percent), compared to millennials (38 percent) and baby boomers (39 percent). The top three factors physicians cited as contributing to burnout were bureaucratic tasks like charting and paperwork; spending too many hours at work; and lack of respect from administrators, employers, colleagues or staff. 

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