Travel nurses are highly sought after because they can fill the gaps in local hospitals and provide staffing that many facilities need. They can also work flexible hours and choose where they want to live in the country. But if you want to know more about what kind of salary you can expect as a travel nurse, read on!
Travel nurse pay varies.
You should probably know, travel nursing pay varies. The amount of money you make as a traveling nurse depends on the company that hires you, where they send you to work and what kind of job they give you.
- Company: Some companies will pay more than others.
- State: Your salary might be higher in California than it is in Illinois.
- Specialty/job type: RNs with specialized skills earn more than generalists, who may get paid less because their jobs are easier to fill without paying top dollar for them. For example, pediatric nurses make more than school nurse practitioners because there’s more demand for them—meaning the supply isn’t as strong compared with other positions within this industry (and thus leads to higher rates).
Travel nurse compensation is complicated.
The compensation you deserve is more than just a base salary. A travel nurse’s pay includes the basic rate of pay, as well as additional compensation for things like overtime, bonuses and incentives—and even if you don’t think these things affect your bottom line, they can make a big difference in how much money you make overall.
It’s important to understand that travel nurse compensation isn’t just about the base salary; it also includes other types of payments and benefits.
Bonuses can add to your travel nurse pay.
Bonuses can add to your travel nurse pay. Bonuses are extra money that you get for doing a good job, reaching a certain goal or achieving something better than expected. Bonuses may be given as a percentage of your base pay (for example, 5 percent) or they might be given in addition to your base pay (a flat amount). There are numerous types of bonuses, but here are some common ones:
- Bonuses based on performance: You receive this bonus if you meet certain goals or benchmarks during the year. Some of these benchmarks may include things like patient satisfaction feedback and meeting specific targets with patients while they’re under your care.
- Performance-based bonuses: You get paid this amount if you do well at work and meet all of the requirements set forth by management.
Travel nurses can earn more than the base salary of a full-time nurse, but there are particulars to consider.
The base salary of a full-time nurse is $45,000, but the base salary for travel nurses is $50,000. This means that you can earn more than the base salary of a full-time nurse. However, there are some factors that determine that.
Your pay as a travel nurse can vary, but you should be able to make a good living. If you’re looking for a new opportunity or want to work in a different area of expertise than your current position, then try out travel nursing! It’s an excellent way to earn extra income while traveling the country and seeing new places.