A simple cost comparison.
TEMPORARY STAFFING AGENCY COSTS
|
Employment
Period |
Staffing Agency Fee increase @ 10%
per yr.
for years 2 & 3 |
Staffing Agency Fees
@ avg. $58.00 / hr.
37.5 hrs./week |
Total |
|
Year 1 |
0 |
$113,100.00 |
$113,100.00 |
|
Year 2 |
$11,310.00 |
$113,100.00 |
$124,410.00 |
|
Year 3 |
$12,441.00 |
$113,100.00 |
$136,851.00 |
|
Total
Expense:
1 Nurse, 3 Years |
|
|
$374,361.00 |
VS. DIRECT HIRE COSTS
|
Employment
Period |
RN Salary
@ $55,000.00
Annual Base |
IHR Fee + Fixed
Cost Fee |
Total |
|
Year 1 |
$65,750.00 + * |
$20,000.00 |
$85,750.00 |
|
Year 2 |
$66,000.00 * # |
$0.00 |
$66,000.00 |
|
Year 3 |
$66,137.50 * # |
$0.00 |
$66,137.50 |
|
Total
Expense:
1 Nurse, 3 Years |
|
|
$217,887.50 |
Savings 1 Nurse, 3 Years $ 156,473.50
Savings on 10 Nurses, 3 Years
$1,564,735.00
ASSUMPTIONS
3 – Year Employment Agreement * Benefits:
15% of Base Salary
+ Sign on /Relocation Bonus: $2,500.00
# Annual Raise of 5% of Base Salary:
$2750.00 – Year 2, $2887.50 – Year 3
SAVE
43%
So... Why not call us today.
You can count on us to help your organization through the nursing
shortage.
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