Employment outlook for RNs is seen as excellent as compared to other professions and is believed to enjoy a major boost until 2016. The medical field is large and is capable of opening new jobs to nurses and other medical practitioners. Because o the increasing senior population and the number of experienced registered nurses leaving r retiring from the vocation, almost 587,000 jobs is expected to be generated.
Registered nurses both new and experienced can expect to find employment not only in hospitals and clinics but in carious other facilities. Hospital outpatient’s facilities such as those providing assistance in chemotherapy, same-day surgery and rehabilitation are increasingly demanding RNs. Add to this nursing care facilities that need skilled nurse to care for elderly people needing 24-7 assistance.
RN salary range is contingent on a number of factors which are location, employment setting and experience.
In the US, the median annual RN salary in 2009 is $62,000 however this actually depends on the location, experience and employer. Registered nurses belonging to the middle salary bracket earn $55,800 to $67,700.
RN Salary Range According To Location
California has the highest paid registered nurses earning around $49,400 to $80,200. Other states offer different RN salary range.
RN Salary Range According To Employment Setting
Registered nurses employed by hospitals earn around $43,900 to $64,700 as median pay. RNs working schools are paid around $31,200 to $48,140 a year. Those who find jobs in universities or colleges get paid $39,000 to $61,200. The federal government pays their employed registered nurses around $49,500 to $70,500 annually. Registered nurses working in private sectors get paid 10 – 15% more than those in the government sector. Highest paid registered nurses in the private sector are those working in the movie and music industry.
Registered Nurse Salary Range by Experience
Fresh graduates or entry level registered nurses are paid around $38,300 to $55,300 in 2009. Experienced registered nurses with twenty years on the job earn up to $71,500. Registered nurses with two to nineteen years of work experience bring home $40,600 to $67,300 a year. An RN’s salary also increases depending on the field of specialization.
Aside from their annual salary, registered nurses are also offered benefits as part of their compensation package. These benefits account for 30% of this compensation and may include the following: paid vacation or time off, bonuses, disability and Social Security, life insurance and health care that can be extended to family members as beneficiaries.
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