Half of physicians said they would take a salary reduction of up to $20,000 per year in exchange for working less hours and achieving a better work-life balance, according to a new survey.
of more than 15,000 physicians found that was pretty consistent across generations. Millennials , Generation Xers and baby boomers all said they would take a salary cut in exchange for more personal time. That was true even among millennials, who typically earn less than their more established peers. Some 53% of women said they would take a pay cut, versus 47% of men.
The survey found burnout rates have dropped slightly, from 46% in 2015 to 42% this year, but the problem continues to have an impact on physicians’ happiness, personal relationships and career satisfaction, the report said.The burnout rate was 48% for Gen X, compared to 38% for millennials and 39% for boomers. Doctors in the middle of their careers may be juggling multiple issues outside of work, Carol Bernstein, M.D.
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