Benefits of Working with a Dental Recruiter to Find Your Next Associate:

Jun 25, 2023

Dentist Shortage: Between 2022 and 2031, the dental industry is projected to witness approximately 13,500 job opportunities for dentists due to expansion and replacement needs. However only an estimated, 10,500 individuals, are expected to enter the job market and potentially fill these positions.

  1. From: https://www.jobbank.gc.ca/marketreport/outlook-occupation/4092/ca

  1. Ineffective Conventional Methods: Traditional approaches to finding associates, like placing ads in journals or local newspapers, no longer yield satisfactory results.

  2. Cost Efficiency: While hiring a professional recruiter may involve expenses, it proves worthwhile compared to alternative methods. Some recruiters offer contingency searches, where fees are only paid upon successful hiring.

  3. Cost of Time: As a practicing dentist, investing significant hours (and associated costs) in a search becomes impractical and inefficient.

  4. Opportunity Loss: Delaying the addition of an associate translates to lost revenue from new patients and referrals. Hiring an associate six months earlier can result in substantial income.

  5. Increased Work Days: Extending practice hours by one or two days a week can significantly boost net collections, providing a direct impact on the bottom line.

  6. Vacation Expenses: Keeping the practice open during vacations avoids revenue loss, which can amount to a substantial figure, typically around $30,000 or more.

  7. Having a Choice: A dental recruiter presents multiple associate candidates, allowing you to make an informed decision and avoid settling for the wrong fit, preventing potential financial repercussions.

  8. Practice Sale Costs: When selling a practice, engaging a practice management firm typically incurs a fee of 10% of the practice value. By using a recruiter to find an associate, you can allocate funds to legal and accounting services for a smoother practice sale.

  9. Research and Communication: Ensure you research and choose a reputable dental recruiting firm. Seek recommendations from colleagues who have recently hired associates and prioritize effective communication throughout the recruitment process.

Working with a dental recruiter offers numerous advantages, including access to a wider pool of candidates and expertise in finding the perfect fit. Make an informed decision and enjoy the benefits of a successful associate recruitment process.