Sign bonuses! Can you believe this? - page 4

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... Read More

  1. by   BeeStrong
    I took a position 10 years ago with an $8000 sign on bonus....they gave half at 6 months with state and federal taxes withheld; and the other half at the end o f one year. They did not treat me any differently than other nurses on the unit and as I needed the money at the time, I was happy with the arrangement. It all depends on the contract and your own circumstances. Read the fine print!! Bee
  2. by   kitty2u2
    Sign-On Bonus????!!!!??? Try talking to contract nurses and agency nurses....sure.......they do travel and they receive huge bonuses, but think about what they have to go through......the worst shifts, floating, and do the regulars on the floor treat them fair??? Nope!!! You couldn't pay me enough to go through what they put up with.....
  3. by   moonrose2u
    I am furious!

    that alliance hospitals will not pay their existing nurses a retention bonus, and will offer a new grad (sorry new nurses!) 30K over a seasoned employee. Where is the trust and loyalty factor come in? No wonder everyone is leaving alliance hospitals! Figured there was more to the story, as the ads and career fairs for their hospitals have been pretty intense.

    I just thought that the Keriakes cardiac tower played a major role in this sign on bonus.

    So, were ARE all these nurses going?
  4. by   kewlnurse
    Sign on and retention bonuses. WOW. The attitude in our place is, be glad you have a job, cuz layoffs may be coming.
  5. by   Teshiee
    Instead of giving all that money just pay a decent wage and treat nurses like the professionals they are and it wouldn't be any problems.

    They are nothing but sucker bonuses! Beware!
  6. by   P_RN
    We actually DID get a retention bonus once. I think it was $50 per year you had worked there....anyway I got $500 after taxes...........THEN....they changed the dress guessed duds cost.....ta da.....$500.
  7. by   Curlytop
    Originally posted by sharann
    I've heard and seen alot about these sign-on bonuses. Personally, I would not accept one because I don't belive in them. I may be naive and a lousy buisiness-person (as well as a poor speller in this case), but I wonder why these places (mine included recently) don't put this money into RETENTION bonuses. If they keep their staff happy, maybe they wouldn't have to keep running these expensive propositions and ads. It cheapens nursing (IMHO).
    :chuckle RETENTION bonuses- yeah right!! Too much like right.
    Of course, the "suits" high up in their offices could care less about retention when they can replace us with a new grad for less money.
  8. by   OneChattyNurse
    I took a $3,000 sign on bonus when I was hired at my current job. I received the whole amount on my first check. I actually received about half after taxes. I had to commit to 2 years and it will be up this October. If I had decided to leave before the 2 years was up, I would have had to pay it back, but it would have been pro-rated to the length of time that I had stayed. I know they are still offering this (to LPN's only) as LPN's are hard to find in the VA setting. It is a much different role than in the private sector.

    I am on the recruitment/retention committee and there is talk of student loan forgiveness/repayment by the facility. I am hoping this will include current employees, as this would come in VERY handy!!

    There is also a "nursing corps" that is being initiated with some of the Hospitals and high schools where students will be exposed to nursing and hopefully decide to pursue nursing as a career. I am not sure how this will work exactly, but hopefully it will spark some intrest in a new generation.

    I certainly think a retention bonus would be the way to go. The recruitment bonus is ok...but the nurses with longevity deserve recognition as well.

  9. by   NannaNurse
    I just accepted a position with SSM Rehab/STL. I'll be starting out at $14+ an hour plus diff for nights and wknds. I'm also getting $7500 SOB, loan forgivness, Tuition reimb. up to $4160 per year, all medical, life/disability insurance and I am very happy and excited. I'm getting out of LTC...getting close to 'burn out'.
    I really resent the statement that SOB are 'sucker bonuses'. That bonuse is not the deciding factor of accepting this position, but it is nice.
    We do have a shortage, but it is still a competitive market.
    Hey, we work our rears off.....take everything you can!! We deserve it!!!!!:hatparty:
  10. by   Marijke
    I think the nurse who accepted the bonus, but didn't spend it was the smart one, it gave her a chance to experience the situation and a way out if she needed it.
    A bonus might be nice, but not when it gives the employer a chance to abuse you. I think employers should start to pay for the expertise they are getting. By paying good wages and treating their staff well, they will be able to keep the staff they have and are able to attract new staff. I know news travels fast regarding the treatment of staff by employers.
    I presently work at a good hospital and get paid union wages ($30/hour Canadian, with a couple more bucks coming over the next 1 1/2 year). The Canadian system has some flaws, but over all it doesn't sound worse than your system. I just hope we wont get the private system in this country, I don't think business and healthcare are a good match!

  11. by   nightingale
    I have experienced enough and seen enough to say I would have a difficult time commiting to a hospital/facility. That bonus money would be one way of forcing you to make a commitment. I am with the nurse who said take the money and hold onto it till you are sure you can stay with the facility.

    Be very careful what you sign.

  12. by   cvicu rn
    I just left this hospital in October that is giving the 30k retention bonus. They are only offering it to the cath lab, angio and EP lab nurses because the MD that heads this department demanded he have a well staffed unit. I worked in the cardiovascular ICU and let me tell you how understaffed we were. When I left we had approx 45% vacancy rate. Since then it has increased to over 50%. Some of the nurses joining me at my new place of employment. The CVICU was the only unit to take the open heart patients. We also were the overflow for the MICU & SICU, so it was not uncommon to have a fresh CABG pt paired with a pneumonia, GI bleed, MRSA, kidney transplant or anything that happened to code that day. They have been working on a retention bonus for over 2 years and this is what they came up with. It's a slap in the face for the rest of the nurses at this institution. And for the 30k, you only get a small portion up front, the rest is payable at the end of the third year. It's not worth working at this hospital. They don't care for their employees, just the $$$. I'm glad I left their and haven't looked back. The stress level is so much more decreased, I work with fresh open heart patients and I also got a sign on bonus at my new hospital!!!
  13. by   nightingale
    I can just envision working at this insitution for say 2 1/2 years and they get really horrible.. then what do you do.... yikes.... three years is inconceivable in a difficult environment.