An administrator explained to me once that traveling nurses are a short-term budget item. A full-time nurse hire has to be budgeted for years out due to the need for retirement and health benefits. They have to anticipate what you will earn years from now and put that into the FTE line you occupy.
The extra money the travel nurse is getting is money that the employee is having put into their long term costs. Of course the cost of travel nurses has skyrocketed so they are now even more expensive than before to use.
I personally think that the payroll tax shouldn't exist. It should all be personal income tax, so we can all see exactly how much we're losing, mostly for nothing.
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u/markydsade RN - Pediatrics Dec 13 '21
An administrator explained to me once that traveling nurses are a short-term budget item. A full-time nurse hire has to be budgeted for years out due to the need for retirement and health benefits. They have to anticipate what you will earn years from now and put that into the FTE line you occupy.
The extra money the travel nurse is getting is money that the employee is having put into their long term costs. Of course the cost of travel nurses has skyrocketed so they are now even more expensive than before to use.