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In this episode, I’m joined by Joe Sanok from Practice of the Practice to dive into one of the biggest pain points for group practice owners—how to keep your therapists long-term. Joe shares what really moves the needle when it comes to therapist retention, including pay structure, employee mindset, and leadership development.
Here are some key points in this episode:
[03:35] Why W-2 employees are better for long-term retention than 1099 contractors
[08:03] How to calculate fair compensation and structure roles for part-time therapists
[11:08] Creating salary stability with clear session and admin hour breakdowns
[16:21] The numbers and setup for full-time therapists with a four-day work week
[18:50] The three questions to ask your team to improve satisfaction and longevity
[22:37] How to present your compensation model during the hiring process
More About Joe Sanok:
Joe Sanok is the author of Thursday is the New Friday: How to work fewer hours, make more money, and spend time doing what you want. It examines how the four-day workweek boosts creativity and productivity.
Joe has been featured in Harvard Business Review, Forbes, NASDAQ, and over 300 business podcast interviews. He is the host of the popular The Practice of the Practice Podcast, which is recognized as one of the Top 50 Podcasts worldwide with 1200+ episodes and over 100,000 downloads each month. Fun fact: Joe hates mint chocolate chip ice cream and most forms of mint.
