Quote from lizz
I personally would avoid contracts until it's absolutely necessary. There have been posts where people have said they've regreted signing on for a two year (or whatever) commitment. Mostly because they discovered they didn't like the employer, working conditions, salary, etc.
It's probably a better option for those who've already worked for the employer (as LPN's, CNA's, etc.), and know what they're getting into. But if you don't, it's too risky IMHO. However, if there's no other way financially to swing it, then it's probably worth the risk. But that's the only reason I would do it.
I agree. I would only consider this if you are already very familiar with a facility, and know you want to work there, and you have no other alternative financially. I have known a few people who have done this and are desperate to get out of their contracts.
I, myself, forfeited a sign-on bonus and relocation assistance money when I ended up at a horrible hospital.
Yes, if you break the contract, you will have to return the money. However, the interest rate and terms of the loan
may not be nearly as good as those of a student loan. Plus, you will be risking not getting a good reference and burning your bridges with any facility that particular company owns.
For example- I know a nurse who paid back a sign on bonus to leave a hospital. He then wanted to go to work at an outpatient cancer center he'd heard great things about. But- turns out the cancer center is owned by the same corporation who owns the hospital. Now, he can't get a job at the cancer center.
Many hospital corporations own several outpatient clinics and nursing facilites in the same town. Although, they may not advertise this fact, as they do not want to appear to have a monopoly in their area. Also, many health-care corporations want to give the appearance of a facility being a local interest, when in reality they are owned by a huge corporation.
For example, I went to work for a small dialysis facility that was named after the town I lived in. Only after starting, did I learn that the facility was owned by the largest dialysis company in the world- a fact they did not want their pts to know.
Your freedom to work where you want and freedom to stay at or leave a job, as you choose, are not worth any
amount of $$, IMO.