New Grads who have signed a contract for new grad program

[BettyBoop01]

Have you regretted it? How much to break your contract? I am interviewing for a position that comes with a 2 year commitment and I am fine with that, but at this point in the interview process I dont want to bring up all the questions about what the actual contract entails. I DO PLAN TO ASK IF OFFERED THE POSITION I just dont want to ask until the offer is there, I do not want them to doubt my commitment. I do plan to stay 2 years at least.

I plan to stay for 2 years, but I just have that little nagging "what if" so I am just trying to get a feel for what the typical contracts out there right now are like.

Like if you end up hating the floor or find it isnt a good fit, you pay to break it or can you move to another area? Or just suck up the 2 years and then move on? If you hated it, did you know right away or did you hate it and find that it got better with time? As a new grad I dont really know what I want to do, so I plan to start in a med surg position.

Can you get raises during the contract period?

Anything I should ask or look for before signing a contract?

[JulsRN]

Hi,

Does anyone know if I'm obligated to pay after I've signed/accepted position but BEFORE I've started the actual program? I'm asking because I've accepted a job but do have another interview on the table of a job I may be taking instead. Will I have to pay if I haven't even started the training yet?

Thanks

[gracieD]

Most programs have a graduated pay-back schedule, for example if you leave half way through the program, you have to pay back half of whatever they value the program at. It should be pretty clear in the contract you signed what your obligations are, even if you haven't started. If the contract isn't clear, that's a question you'd probably have to ask your manager/supervisor, but I would wait until you actually have a firm second job offer that you are going to accept before you take that route.

[diprifan]

I signed a 2 year contract for a nephrology unit it costs $5000 to break. This is at a large teaching hospital. If you were to sign for intermediate or critical care area it is $7500. I asked if you could change units if you were unhappy and they said yes. As long as you were working for the hospital. The contract does not become effective until the end of my orientation. Orientation is 18 - 20 weeks. They had a high retention rate after the two years were up. This contract also works both ways, i.e. they can't get rid of my job if they were to down size or close my unit. I decided to sign the contract. You can do anything for two years.

[Nurse SMS, MSN, RN]

Hi,

Does anyone know if I'm obligated to pay after I've signed/accepted position but BEFORE I've started the actual program? I'm asking because I've accepted a job but do have another interview on the table of a job I may be taking instead. Will I have to pay if I haven't even started the training yet?

Thanks

If they have given you the contracted amount of money, yes. Of course you will. This is assuming that the other job you are considering isn't in that hospital. If it is, then you need to talk to HR and look at the terms of your contract.

[BabyLady, BSN, RN]

I signed a 3 year, $3000 contract and realized after 6 months that I hated the position. Actually, LOATHED, might be a better description. It happened that I was put out on medical leave about that time and just never returned. I know failing to give a proper notice is unfavorable, but I couldnt take one more day in that place. A few months later I was sent a prorated bill for the amount I owed, that went in the trash and I havent heard anything from them since (2 years now). I keep in contact with some coworkers and learned that most of the people I began orientation with there have bailed on their contracts too.

Have you checked your credit lately?

I probably would. I graduated with a few that bailed on their contracts and ended up with judgments filed against them.

[CB216]

You will be offered the position and go over the contract with HR lastly. Once you sign you can get your badge.