What are the benefits of being a travel nurse?
Nurses were being called heroes early in the pandemic for fighting ... But, in a twist that has sent the majority-women nursing community into an uproar in recent weeks, the benefits of travel nursing could be in jeopardy, and nurses are raising questions ...
Why do travel nurses make more money?
Top 11 Tips To Make The Most Money As A Travel Nurse
- Crisis Contacts and Pandemic Nursing - Travel nurses are in demand now, amid the pandemic, more than ever. ...
- Find Your Own Housing - We suggest taking a housing stipend and securing your own housing. ...
- Be Flexible - If money is your motivation, flexibility is key. ...
What is the starting salary of a travel nurse?
What Other Financial Benefits Are There?
- Accommodations or Housing Stipend. Nearly all travel nursing compensation packages include housing, whether provided via a stipend for rent or complimentary housing within dorms or off-campus apartments.
- Travel Expenses. ...
- Bonuses. ...
How much does traveling nurse pay?
When travel nursing companies advertise pay rates, they will often tell you a blended rate. A blended rate combines an hourly taxable wage such as $20 an hour with your non-taxable reimbursements and stipends to give you a higher hourly rate. Here is an example of a typical pay package:
Do travel nurses get health benefits?
Many travel nurse agencies offer travel nurse health insurance, however a lot of nurses choose to get their own coverage. Sticking with the insurance that is provided by your travel nurse agency means that you don't need to worry about finding your health insurance.
Do travel nurses get retirement benefits?
Traveling nurses choose this job for many reasons, but for many it is the amount of money they can accumulate in a short period of time. Plus, they don't have housing costs or medical insurance costs. They also can receive retirement funds.
What are the perks of being a traveling nurse?
10 Perks of being a traveling nurseYour schedule will be flexible. ... You'll be well compensated. ... You get to see the country in ways most people don't experience. ... You'll likely receive other perks and incentives. ... You'll get to explore what you love about nursing. ... You'll learn skills beyond nursing.More items...•
What are the disadvantages of being a travel nurse?
Cons of Travel NursingLogistics of Travel. Whether you're traveling for a long or short assignment, frequent travel is not easy; in fact, any profession is difficult when travel is part of the job duties. ... Loneliness. ... Multiple Licenses. ... Compensation and Budgeting. ... Career Trajectory.
Do travel nurses get a 401K?
Many travel nursing companies have 401k plans in place and offer the plan as an employee benefit for their travel nurses. The 401k is a great place to put money aside, and very often, the company may even match the contributions made by the nurse, which makes it even more beneficial.
How does 401K work with travel nursing?
Managing Your 401K(s) as a Travel Nurse The money is put in to the employee's 401k account where the employee can invest the money in any number of available investment vehicles. Typically, the employer and the investment company have agreed on a set of investments that will be made available to the employee.
Do travel nurses get free housing?
Travel Nurses can also expect many incredible benefits such as generous reimbursements, bonuses (on select assignments), and free housing and travel.
Do travel nurses get sick pay?
The law applies to all exempt and non-exempt employees including full-time, part-time, seasonal and temporary employees. So, YES, travel nurses qualify for paid-sick-leave (PSL) in California! So, let's take a closer look.
Is travel nursing a stable job?
The term of the contract is usually set and while it can be used to fill a temporary gap in a full-time facility, many of these positions are stable and consistent. Travel nursing is a stable career and if you have the desire for adventure, you might want to consider a career in travel nursing.
Why you should not do travel nursing?
You may not have paid time off. It is not typical for travel companies to offer their travel nurses paid time off. This means if you wish to go home and visit family, it will be unpaid compared to somebody who holds a permanent position with the institution. Not having paid time off can really impact your life.
What is the catch with travel nursing?
Traveling nurses often forgo employee benefits such as health care, retirement plans, life insurance, and disability protections. They also lose the long-term job security that many medical professionals enjoy.
Why do travel nurses get paid so much?
So, why do travel nurses get paid more? It's because they fill short-term needs, accept assignments in areas with severe nursing shortages, receive extra compensation for their flexibility and work in hard-to fill specialties.