3 benefits of contract negotiation

Negotiating your nurse practitioner contact can have multiple benefits. For example, more money in your pocket, increase in vacation days, a higher company match with your 401k are all potential positive possibilities. You worked hard to obtain your Master of Science in Nursing or Doctor of Nursing Practice and should be paid for the value you bring to the healthcare field. But there are other, non numerical benefits of negotiating your APRN contract. Let’s take a look at three

  • Feel empowered. When you are able to create a contract that pays you your worth, you will feel motivated to work hard. You want to show your employer you are capable of bringing in that income (and more) for the healthcare institution. Nurse practitioners are known for their impact and care for patients. And when you feel good about your compensation package, you feel empowered to care for your patients. You feel inspired to efficiently and accurately chart. You feel moved to make more money for your employer. You want to do a good job as a nurse practitioner.
  • Decrease poor outcomes. When you are aware of the red flags or negative components in your contract, you are more likely to negotiate the right things. Having a solid contract is not just about having a higher salary, you also need to be aware of the concepts that could cause issues down the road. For example, if you choose to terminate the contract, will you have to pay back a sign on bonus or student loan forgiveness? Do you have a noncompete clause and do you understand the implications of breaking that contract? If you were blindsided when you chose to leave that institution, you may become frustrated and feel betrayed. Being mindful of the negative concepts will help to decrease poor outcomes.
  • Prevent burnout. Negotiating your nurse practitioner contract will help you appreciate your job. And when you enjoy your job, you are less likely to become burned out. Similar to feeling empowered, you will be motivated to do the work. You will want to show up to work everyday. You will enjoy seeing patients. You will feel like you are valued in your role. All of these concepts will help you to prevent (or overcome) burnout.

So what are you waiting for?! Create a plan to negotiate that contract today! For more information, check out my new course Contract Negotiation for Nurse Practitioners.

Erica D the NP is a family nurse practitioner and burnout coach. Erica created The Burned-out Nurse Practitioner to help overwhelmed APRNs create work-life balance, conquer burnout, and advocate for themselves. The Burned-out Nurse Practitioner offers online courses, coaching, and support. Learn more at www.burnedoutnp.com

For time management and charting tips, check out The Nurse Practitioner Charting School– The one stop for all documentation resources created specifically for nurse practitioners. Learn more at www.npchartingschool.com

Burned Out NP Logo
If You Need Help or Have Some Question, Consultation with Us


Share on Love

Share on facebook
Share on twitter
Share on linkedin


Leave a Reply

Your email address will not be published. Required fields are marked *