New BLS Data on Staff Nurse Compensation and Inflation-Adjusted Wages

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EXECUTIVE SUMMARYThe wages of hospital staff RNs are a measure of the economic well-being of nurses across the board.The good news is the estimated average annual compensation for hospital RNs is now $107,307, consisting of $72,862 in wages and $34,445 in fringe benefits.The bad news is inflation has taken away virtually all of those increases.How long will it take the hospital industry to respond to the economic recovery, the decline of unemployment, and increased insurance coverage of the general population?Managing the transition will require greater attention to maintaining the equilibrium of hospital nurse wages.

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