What factors affect the salary range of a nurse?

Factors that determine RN pay rates include specialization and types of certifications, workplace setting and location, and years of experience.

What are the salary expectations for a nurse?

According to the Bureau of Labor Statistics (BLS), the national median registered nurse starting salary is projected at $73,300, with overall employment in the field expected to rise 12% within the next decade. Nurse Practitioners have the highest of all employees in the field ($115,800).

Do nurses get paid differently?

In the nationwide sample of 4,126 women and 394 men, men earned an average of $79,688 a year compared to an average $73,090 for female nurses; a difference of nearly $6,600 (8.2 percent).

What are the basic factors in determining pay rates?

Top 8 Factors Influencing the Determination of Wage Rates

  • Ability to Pay: ADVERTISEMENTS:
  • Demand and Supply:
  • Prevailing Market Rates:
  • Cost of Living:
  • Bargaining of Trade Unions:
  • Productivity:
  • Government Regulations:
  • Cost of Training:

What are the ranks of nursing?

Levels of Nursing Explained

  • Certified Nursing Assistant.
  • Licensed Practical Nurse.
  • Registered Nurse.
  • Advanced Practice Registered Nurse.
  • Master of Science in Nursing.
  • Doctor of Nursing Practice.
  • Nurse Managers and Executives.

Why do female nurses get paid less than male nurses?

These are some of the differences: Male nurses were more likely to work overtime hours than female nurses. Male nurses more likely to work at inpatient hospitals, which pay more than outpatient settings. Male nurses were more likely to negotiate their salaries.

What BSN makes the most money?

Some of the highest paying positions for RNs with their BSNs include:

  • Pharmaceutical RN – $83,486. Pharmaceutical RN’s earn an average salary of $83,486.
  • Nurse Informatics – $77,791. Nurse Informaticists earn an average salary of $77,791.
  • Nurse Case Managers – $71,772.
  • Nurse Administrators – $65,000 – $100,000.

How do you decide how much to pay employees?

Some other factors that employers consider while determining your salary are:

  1. Skill. Your salary is directly proportional to how much skill you bring to the job.
  2. Experience. Pay packets are also influenced by years of experience in the industry.
  3. Education.
  4. Management experience.
  5. Inflation.