The American Animal Hospital Association has released the latest version of its benchmarking guide “Compensation and Benefits,” a detailed look at pay and perks for all members of the veterinary practice team.
The findings in the ninth edition were based on surveys returned by more than 600 U.S. clinics — AAHA accredited or not. Among the results:
- A full-time-equivalent associate veterinarian’s average annual production of professional services totaled $499,915.
- The average gross annual compensation for a full-time associate veterinarian was $107,738.
- 47% of practices were owned by women.
- 36% of full-time associate veterinarians were paid only a salary or hourly rate, 43% got salary or hourly compensation plus a percentage of production, and 20% received only a percentage of production.
According to AAHA Press, the publishing arm of AAHA, the updated 204-page book includes:
- Detailed demographic breakdowns of average salaries and wages for every member of the practice team.
- Information about benefits such as paid time off, annual CE allowances, health insurance, retirement plans and bonuses.
- Methods of calculating and compensating veterinary staff on production.
- New data on industry turnover, non-monetary incentives and the use of performance evaluations.
More information about “Compensation and Benefits, Ninth Edition,” is available at http://bit.ly/2QTGHca.
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