Timely improvements = timely data.

As veterinarians across the country struggle to adapt to a changing economic climate, the CVMA Business Management Program steps in with a helping hand. Based on feedback from the provinces, the CVMA Economic Survey Process has been improved to provide faster access to data. In the past, information from year 1 was collected in year 2 and presented in year 3 making the publication almost 2 years out of date. Now, 2009 data are compiled and reported in 2009, and within the first few months of 2010. The improvements are a result of requests submitted by several provincial associations. Hospitals valued the information provided in the reports, but wanted the information in a time frame that coincided with opportune times for change within the practice. The new timeline allows practice owners to receive reports faster and implement changes sooner. For example, provincial Fee Guides will be distributed January 1, 2010 since most hospitals wish to initiate fee changes at the start of the calendar year. Additionally, hospitals requested that Practice Diagnostic Reports be available earlier in the year in order to identify key areas that need be improved to effectively impact the hospital’s financial year. Therefore, the Practice Owner’s Economic Surveys are being distributed in September 2009 with a response deadline of October 15th, 2009. The earlier deadline will allow sufficient time to prepare the Practice Diagnostic Reports for January 2010. Spring is the time of year when most practices re-evaluate staff and consider wage increases or changes. Given this trend, the Non-DVM Wage Report will be provided in April 2010 and will give practices more relevant data to assist with decision-making concerning wages for non-DVM positions. The Associate Survey was re-introduced as the Associate Summer Survey, and even with a summer timeline, improved communications and marketing provided the highest response rate to date (25% at the time of publication). Improvements to the Associate Survey include the most up-to-date information available, being reported in real time. In the past, results were based on the previous year. This year, results from the 2009 Survey are based on 2009 figures. The Practice Owner’s Economic Survey is scheduled for distribution in September, with reports becoming available earlier in the year. Changes to the Practice Owner’s Survey include tracking staff discounts and a better breakdown of dental fees. Table 1 illustrates when hospitals can expect to receive surveys and reports. Table 1 Dates for practice owners economic surveys and reports To get the ball rolling, the 2009 CVMA Business Management Program kicks off the year with the 2009 associate wage data. The figures in Table 2 represent hourly wages paid to associate veterinarians nationally and in each province. Respondents were asked to provide information on the current year providing timely data for both associates and owners negotiating salaries. The figures are accurate to +/− 2.0%, 19 times out of 20. Information from Quebec will be available in November. Table 2 Hourly wages paid to associate veterinarians in 2009 Associate veterinarians in most provinces experienced wage gains with Newfoundland and Prince Edward Island enjoying double digit gains. Veterinarians in Ontario and Manitoba experienced decreases of 2% and 3%, respectively, pulling them below the national average for cost-of-living adjusted wages. For the first time in a long time, inflation was negative in most provinces providing an opportunity for most associates to realize an increase in spending power regardless of their wage increase. After adjustments were made for variances in the cost-of-living, Newfoundland and Nova Scotia top the list with the highest wages. Veterinarians in the eastern provinces earned higher than the national average, while veterinarians in the west earned below the national average. For a detailed report on compensation and benefits, consult the CVMA Associate Compensation and Benefits Report for your province.

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