Why no retention bonuses??

Updated:   Published

No Retention Bonus For Nurses But Yes To New Grads?!

What excuses have your hospitals given you for why they WILL give sign-on bonuses to new and even completely inexperienced nurses, but WON'T give RETENTION bonuses to those of us who have shown loyalty and ARE the experienced backbones of the hospital?? Do they not realize that those of us with experience will just go work elsewhere and get that bonus $$$ somewhere else? 

Wuzzie

4,922 Posts

Because if you leave they'll  just replace you with someone who doesn't cost as much. 

Has 17 years experience.
Wuzzie said:

Because if you leave they'll  just replace you with someone who doesn't cost as much. 

Ahhhh...they could, but at our hospital, they are paying new grads at a higher rate than their experienced people. 

Career Columnist / Author

Nurse Beth, MSN

167 Articles; 2,956 Posts

Specializes in Tele, ICU, Staff Development. Has 30 years experience.

Because they don't value experience.

Has 17 years experience.
Nurse Beth said:

Because they don't value experience.

Sad, isn't it?

Career Columnist / Author

Nurse Beth, MSN

167 Articles; 2,956 Posts

Specializes in Tele, ICU, Staff Development. Has 30 years experience.
ChaosCoordinatorRN said:

Sad, isn't it?

It is! and so short-sighted. Patients suffer. It's why I wrote 

 

Editorial Team / Admin

Rose_Queen, BSN, MSN, RN

6 Articles; 11,333 Posts

Specializes in OR, Nursing Professional Development. Has 18 years experience.

Because you don't work for the right employer. Mine gave out massive retention bonuses in three installments to direct care staff. 

Has 17 years experience.
Rose_Queen said:

Because you don't work for the right employer. Mine gave out massive retention bonuses in three installments to direct care staff.

Now THAT is an organization for which I'd like to work!

Editorial Team / Admin

Rose_Queen, BSN, MSN, RN

6 Articles; 11,333 Posts

Specializes in OR, Nursing Professional Development. Has 18 years experience.
ChaosCoordinatorRN said:

Now THAT is an organization for which I'd like to work!

Union. I know a lot of anti-union people, and the union here isn't perfect, but it clearly works in some ways.

klone, MSN, RN

14,486 Posts

Specializes in OB-Gyn/Primary Care/Ambulatory Leadership. Has 17 years experience.
ChaosCoordinatorRN said:

Ahhhh...they could, but at our hospital, they are paying new grads at a higher rate than their experienced people. 

A benefit to being unionized - that would never happen

Has 17 years experience.
Nurse Beth said:

It is! and so short-sighted. Patients suffer. It's why I wrote 

 

AWESOME piece you wrote!! LOVE it!!

NICU Guy, BSN, RN

4,104 Posts

Specializes in NICU. Has 8 years experience.

We were given two options: A one year commitment for an extra $1.75/hr bonus to base pay (overtime/holiday based on base plus retention bonus) or $3.50/hr bonus for a two yr commitment. If you have no intention to leave the healthcare group, it was a no brainer.