Now the fun stuff! The Registered Nurse Salary
I want to start by saying this - For the most part we do not become nurses for the money. HOWEVER, for a 2-year degree and initial investment to become a Registered Nurse, the salary is not that bad. New RN's are starting out at $24.00 on my unit. Of course this is base pay, so add 20% for off shift and 15% for weekend differential and well that can be $27.60 to $28.80 an hour when you work weekends and evening/night shift!
So you have graduated nursing school, obtained your RN license, and begin searching for that perfect job. So, how much money should you make? You do not want to be underpaid, yet you do not want to expect too much either. Of course if your offered a rate that you think is very high, well good for you! For the most part organizations start new nurses out at the same rate. As you build nursing experience, gain certifications and advanced degrees, you can expect your salary to go up. The clinical/staff nurse can earn $50 to $60 Thousand a year to start in hospitals, nursing homes, clinics, and home health agencies. As your career unfolds, executive nurses can earn in the 100K to 300K a year range. Depending on where you want your career to go, the Registered Nurse Salary can grow to very high numbers.
According to topregisterednurse.com, the average annual income for a RN was $71,000 in 2015, with a mean hourly rate of $34.14. Look up your state's average RN salary information Here!
Latest statistics show the median RN rate at $28.63/hr
Payscale.com has some great tools available to help estimate a solid base rate. Take a look at this tool regardless if you are a new grad or 30 year nursing veteran. Use the Salary Tool Now!
In addition to hourly rates, do not under estimate benefits offered at the organization you are researching. For example health and dental insurance are very expensive these days. Private insurance premiums can range in the many hundreds of dollars a month. Many healthcare organizations provide benefits to where premiums are low. Many organizations pay up to 75% of medical and dental insurance premiums, providing you with a great health insurance plan for a few hundred dollars per month. Hospitals like to help grow your education by providing tuition assistance and reimbursement based on you staying as a paid employee. Benefits can totally offset base salary when compared side by side. It may make more sense to take a $25/hr job with great benefits than a $30/hr job that offers poor health insurance.
Talk to the human resources representative prior to accepting any position to make sure you understand their benefits plan.
See which state pays the most on the NEXT PAGE!
Understanding Employee Benefits Law at the link Below provides a general overview and understanding of the law. The book provides great examples to help you understand how the law applies to different situations. Great Read!