Question: Are faculty members going to see their base salary decrease with implementation of the new Clinical Compensation Plan?
Answer: No. Faculty will not see a reduction in the annual base salary during the initial implementation of the Clinical Compensation Plan. There will be a transition period during which we model target total cash compensation based on productivity and apply the applicable departmental plan on an individual basis to assess impact. During that period, base salary will remain the same. We are hopeful that during this transition period, those who need to increase their productivity to maintain their current base salary will have the opportunity to do so.
If you have specific questions about the Clinical Compensation Plan redesign, please contact your department chair or Department Compensation Plan Committee members. You may also send an email inquiry to: clinicalcompplan@uvahealth.org. For more information, visit the Clinical Compensation Plan website.
Filed Under: Clinical