No More Sign On Bonus

  1. The hospital that I work at has recently announced that there will be no more sign on bonus.The bonus'were 8000 for floor nurses and 10000 for acute/specialty nurses.Management says that a study of the last 3 years showed that 68% of all new hires quit after the end of an 18 month contract, and 9% didnt even wait,just paid the bonus back and then quit.

    I would think that these numbers would cause the admin to look at themselves and try to fix the problems.Retention here is almost nil.My nurse manager says she's not worried because "there will always be people who come to work here so they can live at the beach" I just dont see people beating the door down this summer for jobs here(we are a seasonal town) and especially w/o the bonus.does any work at a hospital who has done away with bonus?
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  2. 10 Comments

  3. by   bagladyrn
    That attitude is exactly why Florida has to use so many travelers. People will come for the beach, but won't stay if they can't live with the pay and conditions.
  4. by   meownsmile
    None of the hospitals in my area have paid any kind of sign on bonus for quit a while. In fact i dont think the hospital i work at EVER has. But i'm talking a rural community hospital too. I think most of the sign on bonuses may have been in the big metro hospitals.
  5. by   RNonsense
    We don't even have sign on bonuses here!!! Of course, we are also extremely short staffed with a high turnover...
  6. by   Cafe
    Our managements answer to the shortage is to pay their student loans for them. Now retention-- they will give you a cash amount if you recruit someone and both they and you stay for a set amount of time. Otherwise, retention incentives suck. I continue to watch my pay come closer and closer to new grads starting pay the more years I work here. Also, the new grads work fewer of their off shift -- ie day/pm and noc/day than those with seniority. There are agency nurses working just about every shift, that I am wondering why not cut back and work agency at one of the other hospitals in town. I imagine that will all change when the boat nurses and their families arrive. Then nursing in our country will take an abrupt turn backwards.
  7. by   sjoe
    Moon writes--"I would think that these numbers would cause the admin to look at themselves and try to fix the problems."

    You certainly have an interesting sense of humor.

    Cafe writes--"I imagine that will all change when the boat nurses and their families arrive. Then nursing in our country will take an abrupt turn backwards."

    Right you are. (Noticed the article about the US wooing more nurses from India right now at the allnurses.com home page.)
    Last edit by sjoe on Jan 10, '03
  8. by   caliotter3
    Where I come from, they don't arrive on boats. Too high class. Their new sponsoring employers bring them in on planes, and I wouldn't be surprised if they don't ride first class.
  9. by   Agnus
    It is true people come for the bonus and stay for conditions. If all they offer is a bonus then people do not stay. The fact that some are paying back the bonus rather than staying the required 18 months says a lot.

    Fix the problem, and you don't need bonus because you will attract and retain.
  10. by   GPatty
    So true.....so true.....
    So many places need to "fix the problem".
    Maybe we should all work together! Where'd the "All nurses" hospital idea go?
  11. by   caliotter3
    You know when I thought seriously about this, after reading Agnus' last post, it occurred to me that I wonder how many people manage to stick with it as long as they do. I was one of those glorious "it's a CALLING, not a job"
    dummies for so long. Now I'm almost ashamed to say the real reason I stay. But, one thing, nobody has ever mentioned "bonus" within my earshot! And I am the first to state that when you want to talk "professional" and "responsibility" you better start talking a different salary range than what is based on reality. I don't think I will even change my opinion once I have paid the bills outstanding for a BSN. I never see my job prospects matching the education. Not ever.
  12. by   llg
    Perhaps your hospital will wise-up and take that "sign-on" bonus money and convert it "retention" bonus money. That's kind'a what my hospital did. We never had a sign-on bonus because we are philosophically opposed to them. We would rather spend the money on the people who have chosen to stay.

    llg

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