Travel Nursing: Assignments, Salary And Compensation
Travel nurses are medical professionals who work on an assignment basis outside the state for other nurses who are on leave. The specialty first arose to supplement the shortage of nurses commonly experienced around the globe. In fact, it is estimated that there is a shortage of about 4.3 million health professionals in the world, arising out of underinvestment not in the healthcare sector but in working environment, training and wages of medical professionals.
Assignments
Most travel nurses are assigned outside the state but inside the country. On occasion, some are required to travel internationally in which case the assignment lengthens in duration to between a year and two years compared to the usual three-four months.
Salary
Since travel nurses are assigned to different locales and settings, their salary depends on these variables. However, they earn more than registered nurses as the accommodation, travel expenditure and other essentials are provided by the contract company and the travel agency. They can take home around $90,000 and also enjoy benefits like incentive programs, insurance and tuition reimbursement for continuing education. Note that some nurses are independent contractors.
Compensation
For nurses who choose to secure housing that’s independent of the travel agency, they can avail a stipend which is tax-free if the nurse has a qualifying tax home. Else, they will be provided a furnished house which may or may not include utilities.