2024 Nurse Wage and Work Insights for Expertise Acquisition

For TA and recruiting, the Nurse.com 2024 Nurse Wage and Work-Life Report offers invaluable insights into the present panorama of nurse compensation, advantages, and office dynamics. This complete report offers data-driven intelligence to develop aggressive compensation packages, tailor advantages choices to satisfy nurses’ evolving wants, and tackle important points impacting job satisfaction and retention

Abstract findings

The report highlights a number of key findings which might be essential for expertise acquisition professionals to know:

• RN salaries elevated by 2.6%, with a median of $80,000, whereas APRN salaries dropped 4.4% to $117,300, probably as a result of a youthful respondent pool.
• The gender pay hole for RNs has narrowed however persists, with male RNs incomes a median of $85,000 in comparison with $80,000 for feminine RNs.
• 64% of nurses skilled verbal abuse, and 39% confronted intimidation from sufferers or relations, underscoring the necessity for improved office security.
• 17% of nurses mentioned work had a unfavorable impact on their psychological well being, with youthful nurses extra prone to report burnout, moral dilemmas, and compassion fatigue.
• 23% of nurses are contemplating leaving the occupation, emphasizing the significance of addressing job satisfaction and office points.

Detailed Findings

Wage Traits

• The median LPN/LVN wage noticed a big 21% enhance to $58,000.
• 40% of nurses who earned certification reported a wage enhance.
• The gender pay hole for RNs has narrowed, however male APRNs/ARNPs earned a median wage $14,500 greater than their feminine counterparts.

Training and Certification

• 37% of nurses throughout all licensures plan to pursue a level, and 42% of LPNs/LVNs, 51% of RNs, and 68% of APRNs/ARNPs intend to pursue certification.
• Training can result in greater salaries, with LPNs/LVNs reporting a $13,482 enhance, RNs a $10,000 enhance, and APRNs/ARNPs a $40,000 enhance after incomes certification.

Office Violence and Psychological Well being

• 31% of nurses have been subjected to verbal abuse by colleagues.
• Youthful nurses have been extra prone to report burnout, moral dilemmas, compassion fatigue, and considerations about nursing’s results on their bodily and psychological well being.
• High unfavorable elements included dissatisfaction with wage insurance policies, lack of management, unmanageable workloads, and unequal work-life stability.

Job Satisfaction and Retention

• 81% of nurses rated common benefit will increase as most necessary for job satisfaction.
• Dissatisfaction with administration (25%) and higher pay (24%) have been the highest causes for leaving the final place.
• Larger pay, versatile scheduling, and higher work-life stability have been the highest motivators to remain in nursing.

Desired Advantages

• Probably the most desired advantages included bonuses (35%), malpractice insurance coverage (18%), versatile scheduling (18%), and reimbursed persevering with schooling (15%).
• 59% of nurses wished health stipends, and 41% desired free or reduced-cost psychological well being counseling providers.

In abstract, the report underscores the necessity for aggressive compensation, instructional alternatives, office security measures, psychological well being help, and addressing job satisfaction to draw and retain nurses in at present’s difficult healthcare surroundings.

Key demographic variations in comparison with the 2022 survey:

Youthful respondent pool:

• The median age of nurse respondents was 47 in 2024, down from 53 in 2022.
• This aligns with knowledge from the Nationwide Council of State Boards of Nursing displaying the median age of nurses decreased from 52 in 2020 to 47 in 2022.

Larger proportion of LPNs/LVNs:

• 24% of respondents have been LPNs/LVNs in 2024, in comparison with solely 8.3% in 2022.
• This seemingly contributed to the decrease general median wage of $73,000 in 2024 versus $78,000 in 2022.

Constant gender illustration:

• 10% of nurses throughout all licensures recognized as male in each the 2024 and 2022 surveys.
• Nonetheless, a better proportion of male nurses (6%) held an APRN/ARNP license in 2024 in comparison with feminine nurses (4%).

Racial/ethnic range:

• The share of nurses figuring out as white (73%) was much like U.S. Census knowledge (75.5%) in 2024.
• Nonetheless, some racial/ethnic teams like Black or African American (11%) and Hispanic/Latinx (7%) have been underrepresented in comparison with their U.S. inhabitants proportions of 13.6% and 19.1%, respectively.

In abstract, the 2024 survey had a youthful respondent pool with a better share of LPNs/LVNs, which seemingly impacted the general wage findings, whereas sustaining constant gender illustration however revealing some underrepresentation of sure racial/ethnic teams in comparison with nationwide demographics.

Citations: [1]

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