A new survey from the American Association of Nurse Practitioners revealed that nurse practitioners (NPs) entering the workforce in 2015 might have picked the best time to jump in. The survey revealed high pay across the board for NPs along with several benefits.
What They’re Earning
According to the survey, 22.5% of nurse practitioners are paid at an hourly rate. For an NP at a full-time practice, the hourly pay rate hovered around $53.16. The vast majority of NPs (74.7%) are salaried, with their annual base sitting at around $97,083.
On top of salary, 30.1% of NPs reported incentive and productivity bonuses. Most (41.3%) received bonuses based on practice revenue or profit, while 31.8% reported bonuses based on quality measures and 27.7% received bonuses based on patient satisfaction.
In terms of benefits, NPs reported receiving the following:
- Paid vacation – 77.2%
- Professional liability insurance – 72.4%
- Health insurance – 70.7%
- Retirement planning – 69.4%
- Reimbursement/allowance for licensure/certification – 53.2%
Additional benefits reported in the survey were as follows: 71.9% of employers were reported to offer continuing education reimbursement while others offered 66.7% professional leave to attend conferences or meetings, and 54% of employers covered costs for registration for said conferences and meetings.
Pay for nurse practitioners has risen since 2013 and now is as good a time as ever to join the workforce. Here at NP PA Recruiters, we strive to not just find you a career; we find you the right career. We assign you a consultant that is available 24/7 to help you find your perfect fit. To find out more about how we can help place you in the right position, give us a call or apply online to help get you started.