Nurse Shortage Spurs Sanford Health to Offer $15k RN Signing Bonuses

Fargo, N.D.-based Sanford Health is doubling down on retaining experienced nurses, as the health system has started to offer $15,000 signing bonuses to registered nurses with at least two years of experience who also will commit to stay for at least three years, according to a Grand Forks Herald report.

Sanford has experienced growing patient volumes coupled with an acute nursing shortage, which prompted the new incentive program, according to the report. Currently, nurses in North Dakota earn annual salaries ranging from $48,040 to $66,640, depending on experience.

More Articles on Hospital Compensation:

Buyout of Ousted Beverly Hospital CEO Reaches $1.56M

4 Trends on Hospital CIO and CMIO Compensation

14 Statistics on Hospital Facility Manager Compensation

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>