Follow these steps to compare the costs of hiring a single RN through internal recruitment or a staffing agency:
Partnering strategically with a specialized healthcare staffing agency can significantly reduce your first year hiring costs per nurse.
Follow these steps to compare the costs of hiring multiple RNs through internal recruitment or a staffing agency:
As shown, the all-in cost of hiring an RN internally exceeds $100k in the first year when you account for advertising, recruiting, onboarding and ongoing overhead expenses. Partnering strategically with a specialized healthcare staffing agency can significantly reduce your sourcing and onboarding costs as well as your first year hiring costs for multiple nurses.
This frees up your staff for patient care instead of recruitment activities.
Let's discuss how our tailored nurse staffing solutions can help you fill critical roles at lower cost.
Recruiting and hiring registered nurses involves substantial investments beyond just base salary. Use this calculator to compare the total costs of using internal recruitment versus leveraging an external staffing agency to hire a single RN.
What is the hiring budget for staffing?
| Recruiter Level | Salary | Tax Rate | Tax Rate Calculated | Total |
|---|---|---|---|---|
| Junior | ||||
| Mid | ||||
| Senior | ||||
| HR Director | ||||
| Total Recruiting Costs |
| Location | # of Nurses | Avg Salary | Tax Rate | Tax Rate Calculated | Total Salary Cost |
|---|---|---|---|---|---|
| Cost Factor | Cost Formula | Total Cost |
|---|---|---|
| Advertising | ||
| Job Boards | ||
| Recruiter Salary | ||
| Credentialer Salary | ||
| Interviewing | ||
| Onboarding & Training | ||
| Employment Taxes | ||
| Benefits Admin | ||
| Total Year 1 Costs |
| Cost Factor | Avg Salary | Placement Fee % | Placement Fee Cost | Total Cost |
|---|---|---|---|---|
| Placement Fee | ||||
| Total Cost |
| Cost Factor | Cost |
|---|---|
| Regular Bill Rate | |
| Overtime Bill Rate | |
| # of weeks | |
| Hours Per Week | |
| Total Cost |
| Cost Factor | # of US Nurses | US Rate | US Hours | US Week | Total US Cost |
|---|---|---|---|---|---|
| Bill Rate |
| Cost Factor | # of US Nurses | US Rate | US Hours | US Week | Total US Cost |
|---|---|---|---|---|---|
| Bill Rate |
| Hiring Option | Total 1 Year Cost | Savings vs. Internal | Staffing Budget Comparison |
|---|---|---|---|
| Internal Recruitment | |||
| Direct Hire Placement | |||
| Contract Staffing | |||
| Virtual Staffing - Domestic | |||
| Virtual Staffing - International |
Recruiting and hiring registered nurses involves substantial investments beyond just base salary. Use this calculator to compare the total costs of using internal recruitment versus leveraging an external staffing agency to hire multiple RNs.
What is the hiring budget for staffing?
| Job Title | Location | # of Nurses | Avg Salary | Tax Rate | Tax Rate Calculated | Total Salary Cost |
|---|---|---|---|---|---|---|
| Total Salary |
| Cost Factor | Cost Formula | Total Cost |
|---|---|---|
| Advertising | ||
| Job Boards | ||
| Recruiter Salary 1 | ||
| Recruiter Salary 2 | ||
| Recruiter Salary 3 | ||
| Credentialer Salary | ||
| HR Director | ||
| Interviewing | ||
| Onboarding & Training | ||
| Employment Taxes | ||
| Benefits Admin | ||
| Total Year 1 Costs |
| Cost Factor | Salary | Placement Fee | # of Hires | Total Cost |
|---|---|---|---|---|
| Nurse Role #1 | ||||
| Nurse Role #2 | ||||
| Nurse Role #3 | ||||
| Nurse Role #4 | ||||
| Nurse Role #5 | ||||
| Nurse Role #6 | ||||
| Nurse Role #7 | ||||
| Total Cost |
| Cost Factor | Cost |
|---|---|
| # of Nurses | |
| Regular Bill Rate | |
| Overtime Bill Rate | |
| # of weeks | |
| Hours Per Week | |
| Total Cost |
| Cost Factor | # of US Nurses | US Rate | US Hours | US Week | Total US Cost |
|---|---|---|---|---|---|
| Bill Rate |
| Cost Factor | # of US Nurses | US Rate | US Hours | US Week | Total US Cost |
|---|---|---|---|---|---|
| Bill Rate |
| Hiring Option | Total 1 Year Cost | Savings vs. Internal | Staffing Budget Comparison |
|---|---|---|---|
| Internal Recruitment | |||
| Direct Hire Placement | |||
| Contract Staffing | |||
| Virtual Staffing - Domestic | |||
| Virtual Staffing - International |