NursesRX doesnt pay weekly?
- 0Sep 25, '12 by StrawberrykoolHello everyone! I'm switching over to nursesrx from a different company that paid weekly. Nursesrx says they pay the same time the facility pays which I bi weekly. That sucks was wondering if it's true or can you get around it?
- 0Sep 25, '12 by NedRNStandard agency invoicing is weekly with the client hospital given 30 days to pay. I've never heard of a hospital that pays every two weeks. I'd call BS on that part of the story. It is possible that some hospitals will only accept invoicing every two weeks, but I've never seen it, and they would still get 30 days to pay.
The agency saves money paying you every two weeks instead of weekly. Less float. But it is not very popular with employees.
- 0Sep 26, '12 by TruckeeFor the sake of sounding ignorant, what is the difference? I have never been a traveler; start my first assignment in 3 weeks and I have had 1 company tell me the pay every 2 weeks, I didn't think much of it. It's how the real world (non-travelers) get paid.
I think what Ned was trying to say is they (the agency) gets "more" float; meaning they get an extra week of interest off your money. It is kind of cheap on their part, and I think the real reason some agencies pay every 2 weeks is the administrative time to prepare payroll. The weekly pay check started as a perk to travelers and most have now adopted it.
As a new traveler is this something I should look out for?
- 0Quote from Quit Floating MeWe are talking about two different things. The OP was referring to a business to business payment related to travelers, you are talking about staff employee paychecks.Just because you've never heard of it does not mean its BS. I've never seen a hospital that doesn't pay biweekly. (:
- 0Quote from TruckeeThat is the standard definition of float. However in this case, the float is sort of negative: the agency has not received the money from the hospital but must pay the traveler. So they are out interest on their open credit line to pay the traveler, not plus interest. Either way though, they save money on longer pay periods.I think what Ned was trying to say is they (the agency) gets "more" float; meaning they get an extra week of interest off your money. It is kind of cheap on their part, and I think the real reason some agencies pay every 2 weeks is the administrative time to prepare payroll. The weekly pay check started as a perk to travelers and most have now adopted it.
It is all about float, there is no more administrative time with two week checks. After all, you are still being paid the following Friday after your last worked day for that pay period, right? They have five days to prepare each paycheck. However, there is some cost and labor involved with running each payroll, so you are right that there are some efficiencies involved with reducing the number of payrolls. But this is a small effect compared with the float (positive or negative).
- 0Quote from StrawberrykoolAgain, they don't get paid every 2 weeks. That is BS. I'm just pointing that out. It is amazing what recruiters will make up out of whole cloth to justify something that cannot be justified. But the BS doesn't matter in the slightest.With that being said so how do I respond to the agency? Do u say to them point blank you get paid every 2 weeks but you can pay me weekly? Do I say I won't accept that condition? Had anyone done that before?
No, there is nothing you can do about it other than choose a different agency. Vote with your feet. They have their routine, and to change it (and their payroll company setup) is just not possible for one traveler. Until enough travelers vote with their feet and they get the message.