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New Grad confused about stipend and 2 year contract.

Job Hunt   (3,376 Views 16 Comments)
by SparklyturtleRN SparklyturtleRN (New Member) New Member

542 Profile Views; 2 Posts

Hello everyone, This is my first time posting but I come on this site often for advice. My question is regarding a job I was offered. When the position was offered to me, I was told that the starting pay for new graduates is $24/hr and that they offer shift differentials for night and weekend shift. Then when I went to turn in my paperwork, I was told that the pay is actually a base of $10/hr and that a stipend will be added to each check to make the total pay equal approximately $24/hr. If I do not stay with the hospital for 2 years, I have to pay back the total stipend amount I had been paid. I am a new graduate so I don't know if this is common practice or if it is bad practice. I know that many of my friends that got jobs at other hospitals did not have to sign a contract and receive just a regular hourly rate. I'm not sure what to think of the situation. Can anyone give me some advice about this? I would greatly appreciate any info from anyone, especially if they have this type of contract.

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168 Posts; 4,857 Profile Views

Yikes! That is roughly $24k a year of stipend money! I signed a 2yr contract stating that I would pay back what they are spending to educate me as a new grad but that is $15k total. I think what they are asking isn't good.

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BeachsideRN has 2 years experience as a ASN and specializes in NICU.

1,720 Posts; 16,966 Profile Views

Yikes. That sounds like a tax nightmare. Not sure if common practice but seems pretty deceitful

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993 Posts; 15,881 Profile Views

Does your family have a lawyer who could look this over? What happens if you get fired? Do you still have to pay it back, that's what I'd be most scared of.

I personally would not be interested in signing a 50,000 contract.

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meanmaryjean has 40 years experience as a DNP, RN and specializes in NICU, ICU, PICU, Academia.

3 Followers; 7,526 Posts; 64,803 Profile Views

Run. Away.

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OrganizedChaos has 10 years experience as a LVN and specializes in M/S, LTC, Corrections, PDN & drug rehab.

1 Follower; 1 Article; 6,877 Posts; 64,447 Profile Views

Hell no. Run far & run fast!

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KCMnurse has 33 years experience as a BSN, MSN, RN.

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This does not sound good and I am no lawyer. Keep looking - this is not the job for you.

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37 Posts; 1,602 Profile Views

I think this is a bad idea. Places that do this are sometimes understaffed and make it look attractive but it turns out not to be then you owe them money. 10/hr is not livable and not appropriate for the amount of work you will be doing. Even 24 seems low to me. Move on.

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FolksBtrippin is a BSN, RN and specializes in Psychiatry, Pediatrics, Public Health.

2 Followers; 1,644 Posts; 14,511 Profile Views

Sounds like indentured servitude. Yay, America!

It's probably unenforceable. Meaning a court would never make you pay it.

But here's the problem, if you accept the job and sign the contract, even if it is unenforceable you are agreeing to work for people who would like you to believe that you are a slave. Even if they can't legally enslave you and you could literally walk away without ever having to pay them a dime, they still want you to think that you have to stay or else. (Probably, most people fully believe this as our education on our own civil rights is practically non existent.) What is that work environment going to be like?

So, how do you feel about that?

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DowntheRiver has 5 years experience and specializes in Urgent Care, Oncology.

878 Posts; 13,846 Profile Views

Please listen to everyone above. Run away, quickly.

Or if you're chubby like me and don't run, speed walk.

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SummitRN has 5 years experience as a BSN, RN and specializes in ICU.

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$52,416

That is what you owe if you leave. That is beyond ridiculous.

Feel free to laugh in their face when you decline their bullcrap offer.

And tell us what amoral facility is perpetrating these shenanigans!

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