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Let’s see, the pay rate is $30/hour for FTEs, $180/hour for traveling nurses ($90/hour to the nurse $90/hour for the staffing agency). Wouldn’t anyone with a basic understanding of supply and demand tell you that the hospitals should be paying FTEs more than $30/hour to retain nurses?
This is basic economics, yet hospital administrators don’t know these principles. Where is the accountability for these healthcare administrators and executives who have no clue how to run a hospital system? These administrators effectively contribute ZERO, but are paid handsomely, and in most instances they make things worse for doctors, nurses, and patients.
The agencies are price gouging for sure. We have to pay our agencies more than our seasoned employees, but I also don’t have the expense of taxes, insurance, etc. This is seems to be a desperate plea for help if they are having to pay them more than twice the standard rate.
It’s not a plea for help, it’s a failure of hospital/system leadership to consistently underpay staff to cut costs for the sake of their bonuses. They’re reaping what they sow.
DH on point
2nd DH
Average cost of benefits is 30%; thus, staff should be compensated more. It’s demoralizing to tenured staff to know how much travelers are being paid. As a retired RN who worked in two of our central IN hospital systems I can vouch for this frustration.