Coffee & Contracts - 100k signing bonus for a NURSE!
Financial Residency
English - February 06, 2024 09:00 - 3 minutes - 2.82 MB - ★★★★★ - 295 ratingsInvesting Business Careers fellowship finance resident budgeting doctor financialplanning investing medical money physician Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In California, a healthcare system faced a staffing crisis during the pandemic and resorted to costly temporary nurses. To tackle this, the CEO and team offered $100,000 signing bonuses for new RNs and retention bonuses for existing ones over three years.
This innovative approach succeeded in retaining staff and reducing reliance on expensive locums. The case underscores the importance of investing in staff and considering retention bonuses as a cost-effective strategy.
As such, healthcare professionals negotiating contracts should explore such options for fair treatment and long-term organizational benefits.
Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com