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? 

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

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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. 

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Specializes in Tele, ICU, Staff Development.

Because they don't value experience.

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Nurse Beth said:

Because they don't value experience.

Sad, isn't it?

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Specializes in Tele, ICU, Staff Development.
ChaosCoordinatorRN said:

Sad, isn't it?

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

 

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Specializes in OR, Nursing Professional Development.

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

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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!

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Specializes in OR, Nursing Professional Development.
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.

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Specializes in Nurse Leader specializing in Labor & Delivery.
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

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Nurse Beth said:

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

 

AWESOME piece you wrote!! LOVE it!!

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Specializes in NICU.

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.

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