5 Tips Nurses Can Use To Increase Their Salary, Starting In 2023

5 Tips Nurses Can Use to Increase Their Salary, Starting In 2023

While starting salaries and opportunities for advancement vary widely across the country, there are certain things that can help nurses grow their careers. This includes keeping up with the latest technology and continuing education. Whether you're a new grad or have been at it for years, knowing about these 10 ways nurses can increase their salary could be beneficial to your career in healthcare.

1. Accept in-demand Shifts

Starting in 2023, nurses will be in high demand. That's why it's important to take advantage of all the shifts that your facility has available to you. Most medical facilities will have shifts that are less popular with the usual staff and as a result, offer a higher temporary salary as an incentive for nurses to work them. These can include:

Late night shifts

Weekend shifts

Extra shifts in high-need specialties

Extra shifts in locations with a high need

2. Look out for the perks when applying for a new job

It's no secret that nursing is one of the most highly compensated fields out there. But what if we told you that, by 2023, the average nurse could expect to earn $57,000 per year? Here are five tips' nurses can use to increase their salary starting in 2023:

1. Look for sign-on bonuses. These incentives often help facilities retain their staff by giving them bonuses for staying with the facility for a certain period of time.

2. Ask about annual bonuses based on KPIs like patient satisfaction. Even if you aren't offered this bonus up front, it may be something you can negotiate during your contract negotiation process.

3. Keep an eye out for other potential perks, benefits or reimbursement incentives you can negotiate like continued education reimbursements or tuition reimbursement programs which may be available at your current facility or through another agency or organization related to your job title (i.e., if you're currently working as a registered nurse at a hospital then look into becoming eligible for membership in a local nursing association where they offer continuing education programs). DirectShifts has partnered with leading companies to offer exclusive deals & discounts just to our partner clinicians and hospitals.

3. Hold a degree

BSN-educated nurses tend to fall in the top 25% of the salary range for each specialty. While this salary increase is definitely a plus, greater opportunity for BSN-educated nurses comes in the form of facility management roles. These supervisory roles tend to be more reserved for BSN nurses, so further education can make you a quality candidate for these positions. The best part is that there are a number of BSN programs that can be completed online while you continue to work.

4. Apply for a senior role

Compared to RN staff salaries, the average nurse manager salary is $88,122 per year. Once you've completed your BSN, you're prepared and ready to move into a more supervisory role! Keep an eye out for any open management positions and reach out to your network to see if anyone knows of any positions that might interest you. Don't be afraid to take the initiative and ask your supervisor what the process is for being considered for a management role.

5. Education is must

If you are interested in the next level of education, consider going back to school to become an advanced practice nurse. Advanced nurse practitioners fall into a number of categories with varying levels of average salaries:

The average salary for nurse practitioners (NP) is $90,583

Certified Registered Nurse Anesthetists (CRNA) median $147,000

The average salary for certified nurse midwives (CNM) is $79,000 to $90,000

The average salary for Clinical Nurse Specialists (CNS) ranges from $65,000 to over $110,000

Interested in any of these programs? Click the resources below to learn more and find the right program for you:

• Search Nurse Practitioner Programs (NP)
• Search Nurse Anesthetist Programs (CRNA)
• Search Nurse Midwifery Programs (CNM)
• Search Clinical Nurse Specialist Programs (CNS)

As a nurse, you deserve to be compensated for the incredible service that you provide. And it's within your power to take the steps necessary to secure a higher salary for yourself. By following these tips, you can help ensure that you continue to stand out in this competitive environment and move closer to your goal of attaining a six-figure salary!