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Travel Pay

Travel   (222 Views | 4 Replies)
by Redvet371 Redvet371 (New) New

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SO I am confused by the travel offers I have seen so far and was wanting some input. I live in Texas. The few travel assignments I have checked on both inside and outside the state have offered a lowered hourly rate but the stipend would cover the cost of housing in the area. Is this normal? I wasn't aware I would be required to take a cut in my normal hourly rate by $3-4 an hr if I wanted to travel. Thank you for your input

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2 Followers; 1 Article; 5,381 Posts; 45,504 Profile Views

Your best bet is to collect full offers and plug them into the traveler's calculator on PanTravelers. That boils them down to one number you can compare on a level playing field with other offers and even your staff pay.

Difficult to compare staff pay to travel pay so I should just start with your primary reason to travel should be for the lifestyle, not pay.

Some of the variables is that a good bit of travel pay is tax free (as long as you maintain a primary residence), so your net after expenses may well be higher than staff pay even though the hourly is lower. Consider per diem pay at your hospital without benefits. Higher pay per hour than the benefited full time pay, right? Think about travel in a similar manner to the per diem pool at your hospital: higher pay, less benefits.

One other tip here is that coming from a compact state, you may only be looking at other compact states. Their compensation is generally lower, far more than the extra expense of obtaining a single state license. The best states for pay are those states that are heavily unionized: west coast states and the NE. Also parts of the upper midwest and midatlantic. The only compact state that meets that criteria I believe is MA. Maybe ME too, been a while since I looked at the list of compact states.

If you are chasing pay, rapid response jobs pay considerably more. One agency keeps filling my inbox with jobs whose total compensation comes in at $100 an hour (average travel assignment is closer to $60 an hour total compensation). And since a large portion of that amount is tax free, the net is higher than a staff job paying $60 an hour (but of course you have to pay for housing).

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ICUman specializes in Cardiac Cath Lab.

1,639 Posts; 53,863 Profile Views

45 minutes ago, NedRN said:

 

If you are chasing pay, rapid response jobs pay considerably more. One agency keeps filling my inbox with jobs whose total compensation comes in at $100 an hour (average travel assignment is closer to $60 an hour total compensation). And since a large portion of that amount is tax free, the net is higher than a staff job paying $60 an hour (but of course you have to pay for housing).

Is the $100/hr only for OR, though? Any idea if ICU or Cath Lab could ever fetch a similar rate?

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2 Followers; 1 Article; 5,381 Posts; 45,504 Profile Views

Cath lab for sure. But anything is possible with rapid response - especially if CMS is breathing down a hospital's neck and threatening to shut them down, even medsurg. On a regular basis? Probably not.

The general difference in specialty value is that most nurses are a cost center. Certain specialties like OR are vital to a hospital financial bottom line: procedures done, patient stays, happy surgeons bringing additional business and so on. "Got to have them, pay whatever bill rate". Medsurg, ED, even the ICU: "Lets just increase the pt load per nurse before adding contingent staff".

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Swellz has 6 years experience and specializes in oncology, MS/tele/stepdown.

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On 2/13/2020 at 10:56 PM, NedRN said:

The general difference in specialty value is that most nurses are a cost center. Certain specialties like OR are vital to a hospital financial bottom line: procedures done, patient stays, happy surgeons bringing additional business and so on. "Got to have them, pay whatever bill rate". Medsurg, ED, even the ICU: "Lets just increase the pt load per nurse before adding contingent staff".

So real!

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