How Much are Medics Earning in Clinical Practice and Why Should You Care?

If you are on the lookout for medics to join the ranks of your organisation, then make it your business…

If you are on the lookout for medics to join the ranks of your organisation, then make it your business to track doctors’ salaries.

This will enable you to build eye-catching remuneration packages for the many ambitious medics who are open to new opportunities.

#1: Salaries Have Fallen

Doctors’ average earnings have fallen across the board, on average by £10,000 to £103,000 in 2020, according to Medscape’s latest salary report.

In 2021, 29% of UK medics reported that their salaries fell compared to 17% in 2018.

Furthermore, GPs reported average earnings of £92,000 compared to specialists who took home £105,000.

Partly in response to these salary fluctuations, 27% of doctors plan to take on more private work in the future.

#2: Gender Disparity

Male medics took home on average £115,000 compared to £80,000 for female doctors – a significant difference.

#3: Satisfaction Levels

Overall, 80% report still being happy to have become a medic – millennials being least satisfied (68%) whilst baby boomers report being most content (88%).

That said, 61% of medics feel they are not adequately rewarded for their work, this being highest amongst millennials (74%) and lowest amongst boomers (50%).

Conclusion

There is ample opportunity to attract outstanding medics through competitive salary packages!

If you are looking to recruit the best, then get in touch at owen@medicfootprints.org!

Source: Medscape: https://bit.ly/3k2V2Tw

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