How Have Salaries Changed for Nurses
Hospitals and health care facilities that hire nurses have have come up with unique ways to attract nurses to work for their organization, and have also increased salaries.
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What affects salary changes?
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Salary changes for nurses are affected by several factors: an increasing aging population, less enrollment in nursing education programs and expected retirement of nurses for a current year.
Sign-On Bonuses
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More recently, employers are offering nurses a sign-on bonus to accept employment with their organization. Sign-on bonuses are typically paid after a required number of years of employment, and can range between $10,000 and $20,000.
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Consultive Nursing
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Many organizations hire nurse consultants to add required staff to scheduled shifts, offering nurses flexible hours and higher wages.
Travel Nursing
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Travel nursing agencies have helped many health care organizations' staffing needs. Travel nurses go to different areas of the country to work where they're needed. In most cases, housing expenses are paid and salaries average $79,000 per year.
Average Salary Increases
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According to the 2009 compensation data healthcare results, salaries for registered nurses increased by 9.2 percent from the previous year. Recent annual salary increases for nurses have been between $2,000 and $3,000.
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