I've seen older posts on this site about New Grad Orientation Contracts that require new nurses to stay on their unit for a set amount of time (up to 2 years) or else be forced to pay back orientation costs to the facility. Most of those posts told new grads to run as fast as they could away from the facility.
However, a lot of the places I've applied to all have those contracts. Is this becoming more common?
What happened to sign on bonuses in order to retain nurses?
To clarify, they require you to sign a "new grad residency" contract, which is 8-12 weeks of orientation. If you pass their orientation period you are required to work on that unit for 2 years (and in some cases required to stay at the facility for an additional year). Failure to do so, as stated in the contract, requires the nurse to pay back orientation costs of 10,000 dollars, which is pro-rated down slightly the longer you stay.
I understand that nurse retention is important, but this seems threatening and morale crushing. I completely understand having to sign a contract to pay back a sign-on bonus if you leave early, but having to "pay" for my orientation seems a little ridiculous. It makes me wonder what's wrong with the facility that would make nurses want to leave so badly that HR thought this contract was the only way to keep nurses working there.
Should I follow the older posts advice of running from these facilities or do I bite the bullet and just accept that this is what I have to do in order to get experience?