5 Ways to Boost Your Nurse Salary

Even during tough economic conditions there are strategies you can employ that will increase your nurse salary. Keep in mind that you need to consider the total compensation package and not focus solely upon hourly pay. For example, is tuition compensation offered? CEU/CME reimbursement? Scope of health benefits? Retention bonuses? Performance Incentives? Shift differentials?

Some private hospitals or companies will offer you tuition reimbursement for those nurses who have kids and this is such an excellent incentive especially for those people who are single parents or who have more than two kids. Another great factor about being a registered nurse is being able to receive health insurance benefits. Not really worrying about where you\’ll get the payment for hospital bills has already been a big thing. Addititionally there is the \”performance incentives\” which gives credit to people who are doing your best in their field of labor as nurses. For nurse practitioners who work on evening shifts have the opportunity to receive additional percentage or night shift differentials.

There are certain amounts that are being offered with higher pay. Mid-level nurse practitioners like the Certified Registered Nurse Anesthetist (CRNA) are paid greater than the rest of the Accelerated Nursing Programs the same thing goes with being a Nurse Midwife or CNM. If you are considering a change in career you can study to be a Certified Nurse Specialist so you can earn higher or perhaps you can go to being a Doctor of Nurse Practitioner because all these practice regions of nurses are receiving a high amount of salary as compared with others.

Look for in-demand shifts. Registered nurse salary differentials can range from $0.50 to $10.00 or more per hour. This range is associated with area of practice, change and certifications. Ty night and weekend shifts increase registered nurse salary along with this kind of high need areas as ICU, CICU, CVICU, obstetrics, and OR. Think about benefits to be additional compensation when looking at nurse base salary. Because costs rise, numerous employers shift a larger portion of the premium cost to employees. Oftentimes the split is actually 80/20. This shift results in lowering of actual take-home spend. In a few cases, companies may pay 100% of the premium to compensate for any rigid salary framework.

Find out if the employer provides sign-on bonuses. If so, ask this be spread out with time rather than given in one lump sum so that your real Fast Track Nursing salary is actually increased. You may also meet the requirements to receive an annual bonus for meeting particular performance measures. Continue to learn about your type of work, so that you stay current with trends as well as developments. Your technique might include likely to industry conferences, reading through industry publications or even setting up regular lunch meetings with others inside your field to exchange info and ideas. This is a answer to increasing your salary.

There may be reimbursement for CEU/CMEs and university or graduate degree coursework that is work related. This can impact nurse salary more than both the short and long term. Over the short term the obvious benefit is that you incur no additional costs for continuing your own education. In the long term you will be eligible for an across the board salary increase upon completion of an advanced degree of specialty training. Sophisticated training can also lead into administrative or leadership position, in addition to a mid-level role.

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Category: Career
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