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as if Sydney LakeSeptember 23, 2022, 1:42 p.m
Passengers board an American Airlines flight at Long Island MacArthur Airport in Ronkonkoma, New York, as seen in September 2022.
According to a 2022 report by healthcare company Relias, the shortage of nurses will reach “crisis levels”. In the year Nurse turnover rates in 2021 are 22%, up four percentage points from 2019.
As demand and demand for nurses continue to grow, “nurses are in an excellent position to negotiate better wages, benefits and working conditions,” according to the Relias report.
“We’re in a candidate-driven market today where nurses have more bargaining power than ever before,” says Katelyn Harris, director of client development for Vivian Health, a national healthcare recruiting platform. Chance. This can also increase the salaries of nurses. In the year The median salary for registered nurses was $77,600 in 2021, U.S. Department of Labor Statistics figures show. Nurse practitioners, who typically need a master’s degree to practice, make an average salary of $118,040.
Another lucrative career path is travel nursing. These nurses take temporary jobs in high-demand positions — and can earn more than other workers in the field. Travel nurses typically work with staffing agencies to land jobs and often work in specialty areas such as psychiatry, dermatology, aesthetics, and fertility.
“The more specialized you get, the higher the rate can be,” said John M. Giddy, CEO of Healthcare Employers International. Chance. “The more nurses a hospital or clinic can have that doesn’t need a doctor, the more valuable they are to that organization — and the more they pay.”
What’s more, as we head into cold and flu season, the demand for nurses in high-need areas will stabilize. As the flu season heats up, we expect travel nurse prices to at least stay where they are, if not higher, over the next few months, Harris says.
How Much Can Travel Nurses Earn?
The national average for travel nurse pay in August 2022 was $3,045 per week, according to Vivian Health. Assuming these travel nurses earn the same amount per week year-round, that means a salary of more than $158,000—or more than double the median salary for registered nurses and about 30% more than professional nurses.
“Traveling nurses have higher overall compensation than permanent or staff nurses because they have to pay for temporary housing while on assignment,” says Harris.. “Also, travel nurses are expected to have at least one or two solid years of experience under their belts, so we like to see more senior nurses traveling, which translates into higher salaries.”
While travel nurses’ salaries are higher than those of registered nurses and nurse practitioners, there has been a slight decrease over the past year. In the year As of August 2022, travel nurses were earning an average weekly wage of $3,270, a 7.4% year-over-year decrease.
“That’s because Omicron’s gap widened so much last year that it offset a lot during that critical period,” Harris added. However, we still don’t expect rates to drop to pre-Covid levels as nursing shortages and the flu season drive temporary labor demand.
The hottest markets for travel nurses
The five highest-paying states for travel nurses in August 2022 are California, New Jersey, Oregon, Alaska and Minnesota, according to Vivian Health data. New Jersey, Alaska and Minnesota all saw year-over-year increases in travel nursing wages each year, but California and Oregon saw smaller drops in weekly rates.
The states with the largest declines in compensation were Florida (40.91%), Arizona (37.98%) and Georgia (26.61%). But Alaska, Delaware and Hawaii saw the biggest jumps. Nurses in these three states earned better than the national average weekly wage in August 2022.
By comparison, registered nurses (not specifically travel nurses) make the most in California ($124,000), Hawaii ($106,530), Oregon ($98,630), Washington, D.C. ($98,540), and Alaska ($97,230). Data.
“In general, we expect less volatility in compensation trends over the next year or two as hospitals try to predict labor costs by hiring more permanent staff,” Harris added. “They are focused on compensating their permanent employees fairly, so that comes out of the contingent labor budget.”
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