how do i max my income as new grad - page 8

need help from experienced RNs on how i might maximize my salary and earning potential when i graduate as RN in May. Is it negotiable, do you have to take what they offer? What is the highest... Read More

  1. by   Ohmygosh
    Quote from hpcat
    Doesn't matter how much you make, it's the cost of living that will get ya.

    On L.I., the hospital my sister in law (RN) works for just renegotiated their contract. Starting salary, fresh out of school/no experience, with night different = $71,000. Even a state/county job which pays less, with at least 1 year experience, is around $58,000. My sister in law floats, she has a 2 yr degree, 10 yrs experience with maternity & works nights, she makes around $45 an hour regular pay (and sometimes get OT - around $67 an hour).

    Nice pay, right?

    Unfortunately, you'll never find a house for $150,000, maybe a condo or co-op though. Anything semi-decent in houses starts in the mid-200's and you're living in the boonies like me. Figure at least $350+ beyond that. Property taxes are gigantic (I pay $5500, my sister in law pays almost $10,000) Sales tax is 8.25% I think. Apartments in private homes can be had starting around $900/mo, in a complex you'll pay at least $1400 for a 1-bedroom plus utilities. You could find cheaper, but I don't think you wanna live there.

    Check out some of the mortgage calculators online to see how much you'll be paying monthly (remember to figure in taxes + insurance).
    I am assuming that "L.I." means Long Island....there is a vast difference in the cost of living in New York and Birmingham Alabama where the OP is located. It is very reasonable to expect to find a home --a nice home at that --for 150,000.00 in Alabama. Not a fancy home - but a nice decent single family dwelling -in a nice area.

    As far a property taxes--each county in Alabama seems to have their own formula for taxing its citizens. Property taxes in Shelby Co. Alabama are outrageous! The taxes on a home valued at about $500,000 in that county is less than $2000.00 per year (or at least that is what my parent's had to pay). Just one county to the south in Chilton County Alabama a home with the same value would be less than $700.00 per year (according to my brother who lives there).

    Jeez...If I am right in my assumption about L.I.----I could never live there--If property is that expensive --what do you guys pay for a cup of coffee??
  2. by   metalmom
    I'm not sure where the idea came from that California pays so well. In the OC the starting pay at many hospitals is $21.00/hr. Believe me that is what I was offered at more than one hospital and I have friends that work as new grads in the OC and that is what they are making. I was fortunate. I got offered a huge increase right off the bat because of my Psych Tech experience. And OT here I am.
  3. by   AfloydRN
    Try to find a union hospital. We make great $ and our benefits rock. We get weekend alternative pay along w/ shift diff after 3 pm. I haven't found any other hospitals in our state that come close.
  4. by   FinallyaSalary
    I just accepted an RN position in NH. I was quite surprised of the pay scale coming from NJ/NY where they pay a lot more. Personally, as a new graduate I chose not to negotiate, mostly because my professor from college said to wait at least 6 mos to a year before requesting a raise. I was quite surprised when I was told $20/hr myself. I almost wanted to negotiate, but as someone previously mentioned in one of the threads, that with experience you can negotiate salary. So I'm just gonna hold my chin up high and work as hard as I can and hope that the hospital manager can see my true value as an asset to the company that is not worth losing.

    Also, I noticed that when the census drops nurses get cut. I've never heard of such a thing, at least not from my neck of the woods. Most of my former classmates in NJ and NY complain of having too many patients and not enough nurses. What is that to say for the Seacoast? Overstaffing a population that doesn't need to be. I'm confused, anyway that's quite a disappointment. Has it happened often to some of the fellow nurses out there? And if so, approx how many times? I just don't want to feel underappreciated and at a loss of hours when I've worked so hard to get to where I am.
  5. by   rmc2
    As with other respondents, there usually is not much room for negotiating rates for staff RNs, particulary for the new graduates. The rate is usually set, and if the RNs in that hospital, etc. are represented by an union, then the rates are even more predetermined.

    Your best bet, I would say, is to choose, what some hospitals called Weekend Alternative Programs or Weekend Incentive Programs, whereby you commit for ie a set number of months to work every Saturday and Sunday for 8 to 12 hours per shift. Either you will get a substantial shift differential, or you will get a bonus - like some many more hours paid. So if you work 24 hours per week (12 hours each on Sat and Sun), then instead of you getting paid for 24 hrs you could get paid for i.e 30 hours, thus a bonus of 6 hours.

    Overtime is also a good way to enhance your pay.
  6. by   military spouse
    Quote from Ohmygosh
    I am assuming that "L.I." means Long Island....there is a vast difference in the cost of living in New York and Birmingham Alabama where the OP is located. It is very reasonable to expect to find a home --a nice home at that --for 150,000.00 in Alabama. Not a fancy home - but a nice decent single family dwelling -in a nice area.

    As far a property taxes--each county in Alabama seems to have their own formula for taxing its citizens. Property taxes in Shelby Co. Alabama are outrageous! The taxes on a home valued at about $500,000 in that county is less than $2000.00 per year (or at least that is what my parent's had to pay). Just one county to the south in Chilton County Alabama a home with the same value would be less than $700.00 per year (according to my brother who lives there).

    Jeez...If I am right in my assumption about L.I.----I could never live there--If property is that expensive --what do you guys pay for a cup of coffee??

    When we lived in SE Alabama, our property taxes were under $300/yr for a new house and trash pick-up twice weekly was free:roll Boy, it makes PA seem expensive!
  7. by   Amxixi29
    Quote from jov
    Here in Illinois (just outside Chicago) NP's only make about $60...$70k max unless you have experience and shop around a good long time. Seems NP's don't make much more than RN's -- add in the RN's OT and hospital bennies and you might want to stay right there.

    Am not an RN yet (semester 4/5 for BSN) but at our last clinical, the hospital told us we could work 12 hr shifts (7a-7p) F, S, Su, get 1 weekend off every 4 weeks and the pay for us brand new RN's was $42/hr.
    Dear Jov,

    Could you enlighten me about which hospital that you are referring to above? I am a nursing student in Chicago as well and I have not heard of pay ranging as high as $42/hr for a new grad.

    If you could reply to this or pm me that would be great~! Thanks :spin:
  8. by   RNSacht
    What I believe the prior post is referring to is the weekend or some call "the bayer" program. You work every weekend , but get paid for a full weeks work thus is where the 42 dollars an hour comes from. There are several hospitals that offer this, but usually not to new grads. Good luck in your career.
  9. by   CraigBSN02
    1. Choose a specialization: ER, ICU, OR, etc.

    2. Study and work smart during your orientation. Show initiative and brains so you are more likely to be though of for extra shifts AFTER your orientation is complete.

    3. After completing orientation, inquire about a weekend contract position on nights. Weekend contracts are payroll schedules that you agree to work (usually SAT/SUN + another day) and in return you get a higher hourly rate, completion bonus, or both. Forexample, a weekend contract usually results in a 35% increase to your base, eg: $21/hr + 35% = $28.35. Your OT hourly rate under that scenario would be $21 + 50% + 35%(base) = $38.85

    4. Work ONE overtime shift per pay period, and if your schedule allows, bump that to two (4 shifts per 7 day week). And VOLUNTEER for extra!

    That's the most SANE way to may your salary. It allows you to get into the swing of things of being a nurse without driving yourself to burnout.

    Of course there are other ways to boost your salary after you gain experience, too. :-)

    -Craig
    RN, BSN, and others.

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