Wage compression
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I am curious about how big a problem wage compression is throuhout the country. By wage comprssion I mean the difference between the lowest pay for a staff RN and the highest pay for a staff RN in your institution. In many career feilds, both professional and non professional expirienced practictioners have salary ranges more than double or triple the wages over the structure, while I have not found this to be true with RNs.
At myi nstitution we start newbies at $25/hour while the max is $30/hr after 13 years of expirience. Thats about a $10,000/yr difference for a FT RN. Not much of an incentive for retention. Not much of a reward for the length of a career.
As I have said just curious as to what's happening around the country.
I know cost of living varies greatly around the country (I'm in a high cost area) and am really interested in the spread from high to low.