A Progress Report on a Department of Psychiatry Faculty Practice Plan Designed to Reward Educational and Research Productivity


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Abstract

ObjectiveThe authors provide a progress report on a faculty practice plan that assigns a monetary value to administrative duties, teaching, scholarship, community service, and research.MethodsModifications to the original plan are described and quantifiable results in the areas of scholarship and research are summarized.ResultsDuring a 4-year period reported, the total direct costs of all grants increased 40% and the total number of publications increased 108% during this same time frame.ConclusionThe authors believe that a practice plan which assigns a monetary value to administrative duties, teaching, scholarship, community service, and research can incentivize faculty to be successful in each of these areas.

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