Nurse Salary Analysis Paper

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There is and has been a shortage of nurses in the United States and according to The AACN (n.d) the nursing labor force is expected to grow from 2.7 million in 2012 to 3.24 million in 2022, which is a 19% increase. According to Gallup (2002) in 2002 there were 126,000 unfilled nursing positions and in 2020 that number will grow to a total 400,000. There are several recruiting tactics that healthcare organizations can perform, increase salary, offer hiring bonuses, offer high quality benefits and offer financial support for nursing education. Pay structure within an organization is important on being able to hire talented nursing professional, according to Noe, Hollenbeck, Gerhart & Wright (2014/2016) they are not lowering the pay of current …show more content…

The first comparison that will be made between the five hospitals is salary, according to the Bureau of Labor Statistics (n.d.) the average annual salary for nurse managers in all healthcare settings is $98,460, for a hospital setting the national average is $104,680. Nurse manager positions within the hospital setting have one of the highest levels of employment and they also have one of the higher salary averages when compared to other settings, like skilled nursing or clinic settings. According to the Bureau of Labor Statistics (n.d.) when viewing the high concentrated areas of employment, substance abuse hospitals and medical and diagnostic laboratories both have higher salaries than the national average. In analyzing the data there is only one facility, local hospital #1, that exceeded the national average salary rate with a salary of $115,000, CHS hospital’s base salary is in the 85% of the national average salary. CHS was above two of the other nurse manager positions by over $25,000 a …show more content…

According to the Bureau of Labor Statistics (n.d.) the East and West coast states have a higher salary average than the Midwest states, New York, Connecticut, California, Washington, and New Jersey all have higher salary wages than the national average. The higher salary wages may be due to cost of living, which is higher on the east and west coast and is lower in the Midwest. According to Noe, Hollenbeck, Gerhart and Wright (2014/216) state about ¾ of businesses in the United States have a policy for pay differentials in geographical locations, so they employees are part of a pay structure that will help with high costs of

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