Registered nurse float pools require specific attention to detail for compensation, and many hospitals and health systems may not pay float pool RNs enough to keep the float pool vibrant, according to a survey from Integrated Healthcare Strategies.
An RN float pool is a group of nurses who are able to work in any hospital unit on any particular day. Hospitals may utilize RN float pools to alleviate issues in hard-to-staff areas.
Here are seven statistics on RN float pool pay last year, according to the Integrated Healthcare Strategies spring 2012 survey of salary increases, incentives and benefits.
• Only 38.5 percent of organizations pay float pool RNs the same as typical staff RNs.
• Another 27.5 percent pay a flat dollar differential for those in the float pool.
• Roughly 17 percent of hospitals and health systems pay float pool RNs in a higher pay grade or rate than staff RNs.
• About 14.7 percent of respondents pay float pool RNs a separate differential for being in the float pool.
• If float pool RNs are paid a different rate, it's 15 percent higher on average.
• The percent differential average is 20 percent, and the flat-dollar median differential is $3.25 per hour.
An RN float pool is a group of nurses who are able to work in any hospital unit on any particular day. Hospitals may utilize RN float pools to alleviate issues in hard-to-staff areas.
Here are seven statistics on RN float pool pay last year, according to the Integrated Healthcare Strategies spring 2012 survey of salary increases, incentives and benefits.
• Only 38.5 percent of organizations pay float pool RNs the same as typical staff RNs.
• Another 27.5 percent pay a flat dollar differential for those in the float pool.
• Roughly 17 percent of hospitals and health systems pay float pool RNs in a higher pay grade or rate than staff RNs.
• About 14.7 percent of respondents pay float pool RNs a separate differential for being in the float pool.
• If float pool RNs are paid a different rate, it's 15 percent higher on average.
• The percent differential average is 20 percent, and the flat-dollar median differential is $3.25 per hour.
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