Nurses are in a greater position to advocate for higher RN pay and advantages

Nurse shortages are giving method to higher RN salaries across the occupation.

Changing the lives of patients and their families is an amazing reason to pursue a profession in nursing. However, remember how essential salary is once you land your dream role. At a time when nursing shortages are expected to proceed 2025According to Modern Healthcare, nurses could have a bonus with regards to care achieving the very best salaries. RN remuneration increased from 2008 to mid-2014 on average around 1.3% per 12 months. Since then, the speed has increased 2.6% annually, in response to the Bureau of Labor Statistics. As the infant boomer generation ages and more people have access to health care because of federal insurance reform, the demand for health services by 2024 will increase by 16% between 2014 and 2024, in response to the BLS, which projects the nurse employment rate to extend 16% from 2014 to 2024. – much faster than the common for all other professions. “Nurses have more opportunities than ever before,” said Mary Jane Randazzo, MSN, RN, nurse recruiter at Thomas Jefferson University Hospitals in Philadelphia. “Hospitals are creating roles for nurses in areas such as transplant coordination, urgent care, ambulatory care, clinical documentation and care coordination.” While nurse pay is high for nurses, with regards to job satisfaction, a major number – 31% – never negotiate salary when starting a brand new position, in response to Nurse.com’s salary survey. For experienced nurses, negotiating your salary is extremely really helpful, although latest graduates may find it tougher to barter. Still, for RNs fresh out of nursing school, the present environment allows for higher pay. According to Glassdoor.com, the common annual salary for brand spanking new RN graduates is roughly $65,510 per 12 months.

Factors influencing RN salaries

Even within the potential labor marketplace for nurses, RN salaries and raises could be influenced by many elements, including:

• In this environment, the union sets employment parameters, including compensation. But even within the absence of a union, employers equivalent to hospitals must follow Affirmative Action and U.S. Equal Employment Opportunity Commission guidelines that promote fair hiring practices, says Jessica Quezada Jackson, CHCR, a health care talent recruiter and member Board of Directors of the National Healthcare Recruiting Association.
• BLS found it RN salaries can vary greatly by regions and states. “I think it’s more of a regional difference than a size difference,” said John Lavery, formerly a nurse recruiter at Temple Health in Philadelphia. “The Midwest and more remote locations will be different [in compensation] compared to the region from Boston to Washington, D.C.”
• According to the Nurse.com Salary Survey, registered nurses earn more. The base salaries of certified nurses are higher than those of non-certified nurses. Many organizations also pay for pre-certification exams and testing fees, and reward nurses with various hourly wages as a part of their certification.

Time is money – beyond a much bigger paycheck

For many nurses, a positive work environment, work-life balance and advantages equivalent to tuition reimbursement are as essential as their checking account balance. Based in Lake Forest, California Origins of Health Care evaluated 2016 U.S. Department of Labor data to find out states with the perfect work environments for nurses. States were rated on criteria including job opportunities, child care options and work-life balance, with Connecticut, Minnesota, Massachusetts, New Hampshire and Illinois rated as the perfect for these facets of the work environment. While salary and price of living are essential aspects to contemplate when applying for a brand new job, non-financial aspects are equally – if no more – essential for nurses, said Deborah Rowe, MS, RN, PHR, CHCR, vp of human resources at Geneza. “I expected to see some differences in what nurses are looking for in a job,” Rowe said. “But generally speaking, nurses, regardless of where they live in the country, find the most attractive places that provide a healthy work environment, good benefits and educational opportunities.” As more states and facilities require nursing staff with a bachelor’s degree, Tuition reimbursement that is one other incentive to search for a brand new job. A Nurse.com salary survey report of greater than 4,500 U.S. nurses found that fifty% of respondents had a goal to acquire certification or further education. Of the nurses who responded to the survey, 1,276 (39%) reported receiving a median of $2,619 in continuing education reimbursement on the time of the survey.