Inpatient NPs-What's a typical yearly raise?

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Specializes in Surgery.

Due for my first year review and raise and was wondering what the typical raise was. I'm expecting 2% but was wondering if that's ever a negotiable?

What kind of work do you do?

Specializes in Surgery.

Surgery. Assisting, rounding, ED consults, admits and discharges.

Specializes in Family Nurse Practitioner.

We got 3% the last couple of years. In my experience getting more than what everyone else gets is difficult in large hospital systems which is why in my opinion it is so important to negotiate the highest wage you can from the start. I was able to do it once because of an extreme need for my services and proof that I had received a superior offer elsewhere but right now I'm sure they would tell me to pound sand if I tried. Good luck.

I am wondering how you negotiate raises if you have a contract. I am hoping to hone in on my efficiency as a new grad and show maked improvement to get a decent raise next year

Specializes in Family Nurse Practitioner.
I am wondering how you negotiate raises if you have a contract. I am hoping to hone in on my efficiency as a new grad and show maked improvement to get a decent raise next year

Its difficult especially if you are in a large system which again is why it is important not to set the precedent of being naive and working for peanuts from the start. I know employers are skilled at making us feel as if we are a detriment and they are doing us a big favor as a new grad but especially if you have a solid background as a RN in your specialty and know what you are doing, don't fall for that line of BS. I didn't get any orientation, started with a full patient load and my employer surely wasn't billing less for my services because I was a new grad so I started at the established NP rate.

As noted above the way I got a significant increase in my current contract was by showing them a better offer with every intent to leave if they didn't at least match it.

Specializes in CTICU.

Our system has raises from 1.5% to 4% (in theory), which are supposed to be merit-based. It's not in real life, because the administration tell us what our "target" is for our staff overall, so you have to fit everyone into that and usually everyone ends up at 2.9%.

Specializes in ACNP-BC, Adult Critical Care, Cardiology.

Depends on your employment arrangement. Do you work under the medical service? Even though there might be a salary cap in hospital settings, you have a lot more leeway in negotiating raises if you are under the physicians.

In seeking that, make sure you can prove your value by showing how your RVU's from assisting in the OR and consults is contributing to revenue. In a surgical specialty, your notes (except consults) do not get billed individually because payment is bundled under the surgical procedure. That will not help you in terms of revenue value but you can use it in terms of quality. Examples would be how well you are able to make sure your team sticks to TJC's SCIP compliance.

I wouldn't think of a specific % raise but rather compare your actual salary to the salary market in your area for an NP with comparable responsibilities.

I work under a union contract which calls for 4% raise annually until next contract negotiation in addition to step raises as I accumulate years of practice.

Specializes in ER, PCU, UCC, Observation medicine.

I've been with the same company for 4 almost 5 years and have yet to receive a salary increase. I haven't complained because I'm paid 70/Hr. Though I know this can't go on forever.

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