Sign bonuses! Can you believe this?

  1. cincinnati alliance hospitals

    in the local paper, it was announced that cincinnati alliance hospitals are now offering 30k for cardiac nurses..has an amount like this being offered in anyone else's city? i am flabbergasted at this amt.
    Last edit by moonrose2u on May 7, '02
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  2. 67 Comments

  3. by   traumaRUs
    I've seen some outrageous sign-on bonuses. Thru ENA, I get a lot of mail...seems in Florida too they are offering quite a bit of money!
  4. by   moonrose2u
    i've worked acute care in florida..they would have to offer me >30k!
  5. by   bestblondRN
    Wow.....
    Hard to imagine 30K, but they must be desperate. I'd have to wonder what the working conditions are for that kind of bonus!
  6. by   moonrose2u
    they are all busy hospitals...very busy...and it consists of 6 hospitals aligned together.

    the article is on the "cincinnati enquirer"
  7. by   colleen10
    Have any of you ever accepted a sign on bonus or know of anyone that has? Are they really all their cracked up to be? About half of it goes to taxes anyway.

    Just wondering what people's experiences have been with them.
  8. by   moonrose2u
    sign on bonuses

    years ago, i entered a sign on bonus. it was for 2 years, and paid out in installments. that means i paid out more in taxes for it. and it had to be paid if i was disciplined or broke my contract in any way. and i felt that the nm, since she knew i was "under contract" felt she had more leeway to float me or allow the dumpier assignments. my only alternative would have been to break the contract to leave. all in all, i didn't think it was such a good deal for me. but 30k makes it awful darn tempting!
  9. by   mattsmom81
    Good points about the 'strings' attached to bonuses...I also don't like the fact that they think they 'own' you for the contracted time and have heard many nurses state the same..."I can't WAIT til this year is over...etc"

    I always preferred the PRN system over the fulltime anyway, so my bonuses were smaller (1K to 3K range) I wonder how the base pay is with these huge 30K bonuses....I suspect the facility is getting its moneys' worth out of the nurse in some way and I would suggest caution on the part of any nurse considering this large a bonus....'read the small print' and do your homework before you jump into one....
  10. by   moonrose2u
    good reply..

    remember: if it sounds too good to be true, it generally is...
  11. by   CEN35
    all of the hospitals in our system, are offering bonuses of some type. one of them, which is a small 230 bed hospital, is offering a $14,000 sign on bonus. however, with most of these bonuses it requires you to remain employed within the system (which is about 14 hospitals) and/or facility that hired you, for 6 months - 2 years.

    me

  12. by   NurseDennie
    I worked in a hospital with a "staying on" bonus, and it was pretty sneaky. They paid you in a lump sum, BUT they took insurance out, etc., that had already been taken out from the regular paycheck that month. Yeah, I know they have to withold taxes, but they actually did DOUBLE charge us for insurance, parking, etc., etc., etc. So if you broke the contract, you had to pay back much MORE than you'd actually received!!!!!
  13. by   moonrose2u
    pretty much the same contract i had about 10 years ago..if you broke the contract, you had to pay back the amount; however tax deductions were NOT figured into the amount, so you ended up paying MORE than what you actually drew in the contract!

    I worked one hospital that offered sign on's and the nurses who took advantage of the sign on, often had the WORST assignments, call times, and floats that I ever have seen.

    .Its like they know they have you over a barrel, so what do they care?
  14. by   colleen10
    I just wanted to say - coming from my Human Resources background - that money is an awful way to get or keep employees. They might do it but eventually realize that it's not worth the money and leave any way. If they do stay, do you really want someone who is working there just for that money?

    Granted, we all work for money but if it's absolutely the only reason someone is there they often don't make the best employees.

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Sign bonuses! Can you believe this?