Reference no: EM133545831

Case Study: Demetria Willis is a recent graduate of a master's degree program with training as a nurse practitioner. She has been interviewing with potential employers and has accepted an offer to work at the practice of Dr. Emily Gaynor and Dr. Ralph Orlean. The practice employs two other NPs as well as three nurses and 4 other clerical staff. Demetria meets with Dr. Orlean, who provides her with a copy of the practice's standard employment contract to review. She is scheduled to meet with both doctors and sign the contract later in the week, so the spends a few hours reading the contract carefully. The salary referenced in the job offer appears in the contract. Demetria learns that the practice malpractice insurance covers all employees and that she will be eligible for health and other benefits after 3 months of employment. The agreement includes a restrictive covenant and spells out the bonus structure, which is profit-based. Demetria finds that she has very few questions about the agreement and no changes to suggest.

Questions:

• What important item is missing from Demetria's employment contract?
• Demetria learns that the practice offers a profit-based bonus formula to employees after 1 year of employment. How does this formula work? Would this or another bonus formula be your preference? Explain your answer.