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Employer not offering contract? "Everything is in the offer letter"?

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  • childay
    replied
    Whaaaaaaaaat???

    Leave a comment:


  • Ozarka
    replied
    I always understood that the offer letter was merely the framework for the contract. To this particular situation, not having a contract or specific terms in writing is extremely concerning.

    I'm a big believer in things need to be in writing no matter what the relationship behind the employment. It could be a best friend employing me but I would still want terms in writing...it just keeps everything clean(er) and minimizes any grey areas.

    It's a red flag to me if they're not willing to put things in writing.

    Leave a comment:


  • ENT Doc
    replied
    Move on.

    Leave a comment:


  • ObgynMD
    replied
    My contact was something like 10 pages long. I doubt everything can be written in an offer letter.

    red flag

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  • zlandar
    replied
    Originally posted by crashXCI View Post
    One "practice" (yet another PE-owned venture expanding into an underserved metro area) informed me that they do not have any contracts, as "[the state in question] is an at-will state". Despite this, they were very forthcoming about benefits which include 401k, health/dental/vision, loan repayment, signing bonus, guaranteed salary indefinitely with annual increases and productivity option past a certain wRVU threshold, CME, malpractice, etc.
    So your salary and benefits are not written down in a formal contract. What's to keep the PE sharks from unilaterally lowering and/or removing your malpractice, health insurance, and salary?

    The burger flipper at McDonald's gets a written contract for godsakes.

    Leave a comment:


  • HikingDO
    replied
    I was given an offer similar to this recently. I turned it down for a few reasons, this being one of them. I didn’t feel very comfortable working without a contact, and they were treating it no differently than me taking a job at Starbucks.

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  • CordMcNally
    replied
    There will likely be a statement in the contract about the benefits about them not being guaranteed, however, I would definitely want my compensation structure written down.

    Leave a comment:


  • Employer not offering contract? "Everything is in the offer letter"?

    Has anyone seen this? I've been informally exploring outpatient employment opportunities for next year after I graduate fellowship. One "practice" (yet another PE-owned venture expanding into an underserved metro area) informed me that they do not have any contracts, as "[the state in question] is an at-will state". Despite this, they were very forthcoming about benefits which include 401k, health/dental/vision, loan repayment, signing bonus, guaranteed salary indefinitely with annual increases and productivity option past a certain wRVU threshold, CME, malpractice, etc.

    I'm naturally really wary of this. I'm approaching every potentially employed position with the mindset that everyone is trying to screw me. Certainly the contract is there to protect both parties; I imagine that an "offer letter" alone is not adequate to protect me and maintain those benefits. Any counterpoints to this? Others who have seen this kind of offer recently and it worked out (relatively)?

    Proposed compensation is fine, not great. Certainly not high enough that I would be willing to take a significant amount of risk in other areas.

    Not sure how they would react if I requested a contract protecting the above terms, though that is one of my next steps if we keep talking.
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