You can now offer a percentage-based production bonus when posting shifts, making it easier to attract high-producing veterinarians. If a relief vet generates revenue above the base rate, you can reward them with a production bonus. If not, they still receive their guaranteed base rate. The system automatically calculates final payments, ensuring a fair and transparent process.
Activate Production-Based Pay in Serenity Vet today and experience the benefits!
How to set production-based pay percentage offer while posting a shift?
To set up the production-based pay percentage offer, follow these steps:
Navigate to the Shift Management page.
Click on a calendar day you would like to post a shift for.
After completing the required shift information in the "Add Shift" sidebar, scroll down to the Payment Info section.
Enter the preferred shift cost in the "Your Cost" field. The system will automatically calculate the base vet compensation rate for the shift, which you can find in the price breakdown at the bottom of the Payment Info section.
Switch the "Offer Production Based Pay" toggle On.
In the "Production %" field, enter the percentage of production-based pay you wish to offer to the relief vet for the shift.
Click the "Publish" button.
The shift is now published along with the offered production-based pay percentage, and the relief veterinarian will see this information when applying for the shift.
How to check the production-based pay offered for a posted shift?
To check whether a production-based pay percentage was offered for a posted shift, follow these steps:
Navigate to the Shift Management page.
Click on the shift.
If the production-based pay percentage is set for the posted shift, then you will see the production-based pay percentage offered badge on the shift sidebar, along with the corresponding production %.
How to apply the production-based pay bonus for the completed shift?
Once the shift concludes, it is necessary to input the total amount produced by vet to complete the payout. To finalize the payout and apply the production-based pay bonus for the completed shift please follow these steps:
Navigate to the Shift Management page.
Once the shift is completed and requires finalization, it is highlighted with purple on the calendar.
Click on the shift that requires finalization.
On the "Shift Complete-Payment" sidebar input the total amount produced by vet.
If the generated revenue exceeds the base rate (excluding service fees), the vet compensation will be adjusted based on the production-based pay percentage offered, and you will notice the production-based pay applied badge next to the price breakdown.
The base vet compensation rate will be applied if the generated revenue is within the base rate.
The system automatically calculates final payments, ensuring a fair and transparent process. Please check the price breakdown for all the information.
Click the "Finalize" button once ready.
The completed shift is finalized now, and the system will proceed with the payment.
We hope this information was helpful. Please don't hesitate to message us if you need more guidance.