Salary and Negotiation

[brista]

I know this has been a thread before, but let's have an updated conversation now that we are in 2017. I am posting this as I am a soon-to-graduate NP student and because I am a female. Nursing is still a female-dominated profession and I would like to empower other NPs (both male and female) to better negotiate and claim their professional worth. I believe one way to do this is by sharing information. Lets do this!

City/State:

Years in current position:

Salary:

Benefits:

Bonus:

Negotiation tips?!

[brista]

City/State: West Texas

Salary: $110k base at my main job working for a large hospital chain, a percentage of gross receipts with my PRN job equaled $73k for 2016.

What is your PRN job, if you don't mind sharing. Also, how many hours a week would you say you work between the two average?

[Riburn3, BSN, MSN, APRN, NP]

My PRN job is rounding on patients at a couple of rehab facilities. Typically patients s/p hip replacement or CVA that were good to be discharged from the hospital but still needed some more PT/OT before going home.

Between the the two jobs I probably spend 35-45 hours a week working. It mostly depends on how busy I am at the hospital and which cardiologists I'm covering that week. My job is such that once I've finished seeing patients inpatient or outpatient, I can leave. Some days if certain docs are out of town, I'm done in only a few hours.

Occasionally on weekends I'll take an hour or two to catch up on billing for the rehab centers if I'm behind.

[Sailrmar9]

City/State: Mass (not Boston)

Years in current position:5

Salary: Productivity based. I was on maternity leave last year for 12 weeks. Full time is 9 sessions or 4.5 days per week but I have just reduced schedule to 4 days per week. I'm guessing base "salary" will be $105-110k for this year. Also, I am going to be in a new leadership position for an additional $5k per year.

Benefits: health insurance, 403b, flex spending, 6 weeks vacation (unpaid as we are productivity based, but I always take 5-6 weeks), CME

Bonus: yes, 3-5k. But our practice was just purchased so not sure this will be guaranteed in the future

[Jules A, MSN]

I'm guessing base "salary" will be $105-110k for this year. Also, I am going to be in a new leadership position for an additional $5k per year.

Bonus: yes, 3-5k. But our practice was just purchased so not sure this will be guaranteed in the future

Thanks for sharing. Is the $105,000-$110,000 extrapolated out to what traditional full time wages per year would be? I think thats an important clarification. I recently had a friend tell me her salary was $81,000 a year when I knew her hourly rate was above $70 an hour, WTH? She's a 0.5FTE employee so only making $81,000 but for discussion purposes important, imo, to clarify that in fact her annual salary is $160,000.

Another question for you. If the new principals cut your bonus will you attempt to negotiate or walk? I'd have a very low threshold for anyone attempting to reduce my compensation.

[googs]

Hey traumaRN and everyone else. "$>100k" is EXTREMELY unhelpful. Actual salary is what will help us negotiate. Bill Gates makes "$>100k" a year as well. Is it $101,000 or $300,000? It could be either. Everyone, please be specific.

[Jules A, MSN]

Hey traumaRN and everyone else. "$>100k" is EXTREMELY unhelpful. Actual salary is what will help us negotiate. Bill Gates makes "$>100k" a year as well. Is it $101,000 or $300,000? It could be either. Everyone, please be specific.

There are many threads in this section where those of us willing to disclose our salaries have added the actual numbers. Try a search to get the most results.

[googs]

There are many threads in this section where those of us willing to disclose our salaries have added the actual numbers. Try a search to get the most results.

I've read them all. It's always good to keep updating our colleagues with the most current numbers so we can negotiate better salaries. I don't understand why people won't give anonymous fairly exact salaries so we can all benefit. I just don't get the "Oh no, I can't tell them I live in the Northeast and I make $107k, I'll just say I make ">100k"

[flipper628]

Like 2 posts down from her original she did disclose her full salary.

[Sailrmar9]

It is very complicated. I get paid a "base salary" so that I earn a set paycheck every other week. Every month I get a report with my earnings. If I earn in excess of my base salary, based on productivity, then I get "paid out" every quarter (they hold 2 weeks pay though in case I am out for 2 weeks due to illness before STD kicks in..I get that back at the end of the year).

My practice was previously a physician owned practice and I was considered a mirror stock holder so the bonuses were a portion of how well the practice did financially. We are now part of a larger health organization. Our new bonus compensation will be based on how many "quality dollars" we earn. So for example, payors will give us financial incentives for managing our hypertensives well, and that money will be divided as a bonus.

[ghillbert, MSN, NP]

City/State: Pittsburgh, PA

Specialty: ACNP, working in critical care unit. I am the only NP in critical care and it is a new position in this unit.

Years in current position:

Salary: $114,000 annual salary

Benefits: Healthcare subsidized, CME $1500, 403b (not matched), PTO 3 wks

Bonus: No

Negotiation tips?! - ask for more than you think you should. At the beginning is the only time you get to negotiate, overall. Raises are generally a % of your base so get your base as high as you can.

[traumaRUs, MSN, APRN]

Oh alright Jules:

Specialty: nephrology

Salary: $120k

Here you go

[traumaRUs, MSN, APRN]

And mine is getting complicated also as our practice recently began to participate in a managed care program sponsored by CMS.

So...we are not sure how this will work out but bonuses might be in our future!