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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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.