Phantom stock dividend plan.
The Phantom Stock Dividend Plan is a method of sharing net profits with staff in the same way a stock holder in a company receives periodic dividends. The purposes of the plan are to reward the staff for creative talents and recommendations for improvements; to involve the staff in the concept of being partially responsible for increased profitability of the practice; to encourage long-term employment; and to base increases in staff remuneration on profits rather than simply on seniority. An example of the plan is presented which can be modified to fit different practice situations.
Griffin
A P
AP
East Carolina University School of Medicine, Greenville, North Carolina.
Lewis
J L
JL
D003797:Dental Staff; D004649:Employee Incentive Plans; D006801:Humans; D007449:Investments; D011215:Practice Management, Dental