Med Spa Injector Comp Structures

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by a searcher from University of California, Berkeley
in Walnut Creek, CA, USA

1yr ago

Med Spa Injector Comp Structures

Hi -

Does anyone work for private equity or own a med spa who might have insight into compensation structures that work well for experienced RN injectors?

Thanks!
Marta

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reply by a searcher 1yr ago
from University of California, Berkeley in Seattle Metropolitan Area, WA, USA

Few factors really move the needle here - experience, area, utilization, business model and services.
Generally, it's gone up quite a bit over the past 4-5 years. We paid RNs an hourly minimum (for hours/availability whether booked full or not) along with a percentage of monthly service revenues (paid every other paycheck): 3% on first $30k, 5% on $30-60k, 7% above that. This was something we could do to attract talent but not have to pay through the nose in slower months.

Worked with someone who was actively consulting on ~10-12 clients across LA / SD / LV markets to develop something that seemed in line with market but flexible in nature for our medspa.
As I've seen plenty of medspa deals, there really is a lot of variability though between what businesses are looking for, can afford, and what RNs will command based on their situations.

reply by a searcher 9mos ago
from Northwestern University in Chicago, IL, USA

Base + bonus structure seems like a good idea for both med spa and NP / RN