IVMS · Salary Calculator

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Salary Pkg

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Expected Prod

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Total Budget

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All-in %

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ℹStraight Salary: A fixed compensation structure — the DVM receives a predetermined salary regardless of production. No bonuses, no production-based pay. Provides financial stability and predictability for both the employee and the practice.

Find Your Budget Range

STEP 1Apps/day per Dr (no SX)

STEP 2Current clinic ACT

STEP 3Production budget %

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STEP 4Days/week scheduled

STEP 5Hours per day

STEP 6Payroll period

Total days employed/yr

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Expected production

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Salary package

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Monthly production

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Daily production

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Expected multiple

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Build The True Salary Package

PTO Days

STEP 7Stat holidays

STEP 8CE days

STEP 9Vacation days

STEP 10Sick days

STEP 11Grievance leave

Total PTO

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Producing days

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Benefits & Allowances

STEP 12License dues

STEP 13Uniform allowance

STEP 14Single benefits

STEP 15Family benefits

STEP 16VIN cost

STEP 17CE allowance

STEP 18Signing bonus

STEP 19Relocation bonus

Benefit total

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Retirement

STEP 20401k matching (USD)

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STEP 21RRSP matching (CAD)

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Base Salary

STEP 22Pay type

Annual base salary to offer

Financial Breakdown

Pay Rates

Annual base salary (guaranteed)

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Base hourly rate (producing days)

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Base hourly rate (total employed)

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Base daily rate (producing days)

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Base daily rate (total employed)

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Package hourly rate (producing)

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Package hourly rate (total)

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Package daily rate (producing)

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Package daily rate (total)

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Monthly gross pay

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Per period base pay

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Production Targets

Annual production target

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Monthly production target

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Daily target (producing days)

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Daily target (total employed)

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Target ACT

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Expected multiple

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Employer Tax Cost (2025)

CPP/EI employer share

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RRSP employer match

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Total budget package (incl. benefits)

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Budget Analysis

Package as % of expected prod

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Difference vs budget

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Production Analysis — Salary vs Actual Revenue

Annual salary (guaranteed)

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Estimated annual production

Total package cost

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Target production

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Actual % of production

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ACT at estimated prod

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Daily production

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Effective multiple

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SALARY ANALYSIS

Enter salary and estimated annual production to see analysis.

Monthly Salary Tracker

Enter monthly revenue and days to track actual production against salary cost.

Monthly salary: — Budget %: — Monthly target: —

Annual Revenue

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Annual Target

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Budget Variance

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Annual Salary

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Total Pkg Cost

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% of Revenue

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Straight Salary Model

The straight salary model is a fixed compensation structure where a veterinary professional receives a predetermined salary regardless of their production. This provides financial stability and predictability for both the employee and the practice.

How It Works: The veterinarian is paid a set salary regardless of production levels. There are no fluctuations in pay due to variations in client volume, seasonal trends, or production output. This model provides a consistent paycheck, making it ideal for those who prefer financial predictability.

Example: If Sarah's annual salary package is $120,000, she will receive this full amount, whether her production is $500,000, $600,000, or $700,000. There are no additional bonuses or production-based earnings.

Industry Standards: Veterinarians on a straight salary model typically earn a lower total compensation compared to production-based models but benefit from guaranteed earnings and stability. This model is ideal for professionals who value consistent pay, structured workloads, and a focus on patient care without production pressure.

Production Rate Multiples

Production Rate	Multiple
20%	5.00×
21%	4.76×
22%	4.55×
23%	4.35×
24%	4.17×
25%	4.00×

It's advisable to maintain a multiple of 4.5 or higher. All contracts should be reviewed semi-annually.