Employee Retention During Practice Sale
Staff retention directly impacts practice value. Losing key employees before or during a sale can derail transactions and reduce price.
Retention Strategies
Stay Bonuses
- Paid at closing
- 6-12 month retention
- Typically $1K-$5K per employee
Transition Bonuses
- Paid after 90-180 days
- Ties to buyer satisfaction
- Encourages smooth handoff
Severance Planning
- Document policies
- Clarify buyer obligations
- Protect employees
Communication Strategy
- Timing of disclosure
- Reassurance messaging
- Buyer introduction
- Benefits continuation
Conclusion
Employee retention protects practice value. Budget for retention bonuses and plan communication carefully.
Retention planning help? Contact DentalBridge.