In a message dated 13/12/96 00:26:39, Tim Walter writes:
>.
>
>Will any brave souls share their formulae publically or privately? I
>don't want actual amounts just the rationale for the calculations...
The way we do it is to pool all money earnt while at the practice in the day.
All out of hours handled by the co-op including Saturday 12.00 noon to Monday
07.00. Any money earned outside this time, including half days, kept by
individual. All costs of coop shared in profit sharing ratio, which is linked
directly to the average number of hours worked per week. Thus all costs
shhared in direct proportion to money earnt.
We are 3 full time, one 3/4 time and 2 half time partners, hours worked are
in ratio 8:6:4. Thus there are a total of 3x8+1x6+2x4 sessions per week = 38
sessions. My share (full time) is 8/38 = 21.05%
Hope this helps,
Trefor Roscoe E-mail;[log in to unmask]
Beighton Health Center Tel 0114-269 5061
Sheffield S19 6BJ
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