What are Psych NP/CNS's looking for in Salary/Benefits

[dmarie82]

I'm trying to hire a psych NP or CNS at my practice and having a really hard time. I don't know if it's because what I'm offering doesn't seem high enough or there is something lacking in benefits. I would like to get people's feedback about what they felt was important when looking for a position. The position I'm offering is in the North East (I don't want to be specific because this is not a job post) I just want feedback. I'm offering 120-125K base plus commission (which could inc salary by as much as 20-30k a year). I'm offering the best health insurance in the state, dental, 401k with match after a year, flexible scheduling, direct deposit, employee assistant program, and an employee discounts program (for services, products, tickets etc). I'm asking for only 1 year experience although I'd consider a well trained person with 6 mo who needed some mentoring. What am I doing wrong here? I feel like this is a good offer. I provide, office, admin, technology, all software, malpractice, credentialing EHR, phone. Is there something specific that would sweeten this deal and make it more appealing? Also I'm only requiring them to see 2 patients an hour (or 1 new patient). No crazy and unsafe 3-4 patients an hour.. but still no dice. I've posted on linked in, indeed, and zip recruiter. I'm thinking about monster but it's like 300 bucks to post for a month and I did a trial search and found like 1-2 possible candidates and they last updated their resumes like 7-12 months ago. Plus I've already spent a good amount of money on these other job sites.

Thanks!

-D

[Nurse SMS, MSN, RN]

If you are looking for experienced, you aren't competing against what other employers are offering. You are competing against what currently employed NPs are actually making. If you want someone experienced you are going to have to pay a little over what they are already making, especially if they have accrued PTO, current 401K matching (one year is a long wait) and other perks and benefits.

[Oldmahubbard]

Having worked in private practice, and understanding the economics, I would not apply for this job. No one could possibly pay me competitively with good benefits, while I see the 1.5 patients an hour that will likely show up under this 2 patient an hour scenario. I would be sitting around looking at the internet half the day.

Your numbers just don't add up. Too good to be true.

[Jules A, MSN]

No one could possibly pay me competitively with good benefits, while I see the 1.5 patients an hour that will likely show up under this 2 patient an hour scenario. I would be sitting around looking at the internet half the day..

I'm not sure your experience is the norm or at least not at a well run clinic. I see 14-16 patients in an 8 hour day and rarely have gaps. If a patient cancels they can usually bring someone in from a waiting list. I wish I was getting paid to sit around looking at the internet! That might be worth a pay cut, lol.

[Oldmahubbard]

Well run clinic are the key words! We had a 25% no show rate no matter what we did.

[Jules A, MSN]

You might want to pass on the latest Medscape NP salary estimates. Perhaps there should have been additional instructions I know someone who thought their yearly salary was the gross of their part time job. That must be the confusion or the 140 psychiatric NPs surveyed are all from Florida.

[Oldmahubbard]

You might want to pass on the latest Medscape NP salary estimates. Perhaps there should have been additional instructions I know someone who thought their yearly salary was the gross of their part time job. That must be the confusion or the 140 psychiatric NPs surveyed are all from Florida.

On the other hand, it is reassuring that there is not a line of 100 people wanting the OP's job. The bottom apparently isn't going to drop out immediately.

[adnrnstudent, ASN, RN]

Difficult to comment on salary without knowing where you're at. 120k in one place might be 150k in another place. All depends on cost of living.