Are you a wedding planner or aspiring to become one? We previously covered the basics of how to become one, but today it’s time to look at what the average salary of a wedding planner looks like across the nation, see what factors way in the final figures and so on. Besides this deeper look into the key factors and statistics for the wedding planner salary, we will also share a few insider tips on how these earnings can be increased and what can be done to become one of the top paid wedding planners in your business area. [Read more…]
Since the global economic crisis that originated by some unfortunate Wall Street speculations back in 2008, everyone’s salaries suffered. Even if there were any salaries that weren’t necessarily reduced, they felt as if they were simply because of the hit that the economy took made it more expensive for everyone to maintain their old habits. Still, things didn’t look bleak ever since with no possibility of recovery. According to the date provided by the Social Security Administration, the national average salary for 2013 was $44,888.16, which translates in a 1.28 percent increase compared with the national average salary for 2014. [Read more…]
The NP (Nurse Practitioner) job description is a complex one, and it can make anyone holding such a job feel proud. A nurse practitioner is usually called by its longer name, Advanced Registered Nurse Practitioner (ARNP) and works directly under the supervision of a doctor, possibly having LPNs (Licensed Practical Nurses) under their direct supervision as well. Some states even allow these advances nurses to work independently, beyond the supervision of a physician. An advanced registered nurse practitioner is a highly trained employee, who holds a master’s degree in nursing and can also have a specialty field upon passing an exam for specializing in that field. Examples of such fields of specialty can be pediatric, psychiatric, neonatal care, women’s health care, acute care and so on. A nurse practitioner should be able to perform an initial health assessment, to diagnose health disorders, to prescribe medication to treat the problems identified and to supervise the patient’s care over a lifespan. This kind of health practitioner earns more than a less specialized one, but there are still several factors that can help them earn an even higher Nurse Practitioner salary such as experience, specialty or geographical location. Here is a look at how these factors impact the salary of this nurse.
Nurse Practitioner Salary
According to the National Bureau for Labor Statistics, the median salary of an advanced registered nurse practitioner is $82,940. That means that 50% of all employees in this field earn a bit less and 50% of them earn a bit more than this median value. The lowest salary an ARNP can make in this country is $63,707 and the maximum one is situated at a value of $103,074 (according to the Bureau). This data refers only to the base salary, without the commonly used bonuses which make the figure of actual earnings closer to the $65K – $110K range. These nurses in the top earning 10 percentile earn a yearly salary of $126,250 (bonuses included), with an hourly wage of $60.69.
As far as specialty fields go, the median neonatal nurse practitioner salary is $85,032, the median family nurse practitioner salary is $82,053, the median acute care nurse practitioner salary is $89,263, the median psychiatric nurse practitioner salary is $92,396 and the median pediatric nurse practitioner salary is $97,000.
In order to become a nurse practitioner yourself, you need to first obtain a bachelor’s degree in nursing from any accredited program in your area. Most community colleges offer this bachelor program, which usually lasts 4 years and requires both classroom and clinic hours. After graduating from this bachelor degree, you need to obtain a master’s degree in nursing, with a specialization in the field of your choice (which takes a further 2 years of study). This is the requirement in order to become a nurse practitioner. If you wish to reach an even higher nurse practitioner salary, you should consider also completing a doctorate program (for a further 4 years of study). An ARNP with a doctoral degree can put the nurse practitioner vs. physician assistant salary comparison to some serious strain.
Best Paying Industries for an ARNP
As with every other job field, not all of these nurses work in hospitals. According to the Bureau of Labor Statistics, the best paying employers for an ARNP are general medical and surgical hospitals (with a median salary of $98,860 per year), outpatient care centers (with a median salary of $96,250 per year) and offices of physicians (with a median salary of $94,320 per year). The jobs in offices of physicians are also the most numerous, but the overall employment in this profession is on the rise, so there isn’t much to worry about.
Top Paying States and Cities
As for geography, some areas offer higher salaries for these nurses than others. According to the Bureau, the top-paying states for this profession are: California (with an annual mean wage of $110,590), Massachusetts (with an annual mean wage of $105,010), Texas (with an annual mean wage of $101,490), New York (with an annual mean wage of $100,420) and Florida (with an annual mean wage of $91,070). One of the best cities to work in as a nurse practitioner is considered to be New York, while one of the worst is considered to be Atlanta, as far as the pay scales are concerned.
The LPN job description is complex: though this profession usually involves providing nursing services in a nursing home or hospital setting, there are several other industries that also employ LPNs. By and large, a licensed practical nurse will work directly under the supervision of a registered nurse or doctor. They will administer treatment, run basic lab tests, collect test samples, instruct family members on how to care for patients, and assist patients in moving, bathing, eating, or other daily activities. That being said, there are several factors when trying to determine how to get a higher salary as a licensed practical nurse. The main ones are: level of education, professional experience, the type of health care facility that the LPN works for, and the specific geographical area where the facility is located. In the following, we analyze all these factors and their impact on the LPN salary.
How much do LPNs make?
To answer the question as to how much do LPNs make, we turned to the Bureau of Labor Statistics. According to May 2013 data from the Bureau of Labor Statistics, the median hourly wage for registered practical nurses stands at $20.15. That figure brings the median annual salary to $41,920. The bottom ten percent of earners earn less than $31,300. The top ten per cent earned upward of $58,020.
Educational requirements for a higher LPN salary
All LPNs need to graduate from a practical nursing program, which usually lasts for one year and is offered by a vocational school, community college, hospital, or high school. It’s essential that this program be state-approved so always check your state board of nursing to identify the approved programs. After graduation, these nurses must obtain their certification by passing the National Council Licensure Examination. In some states, nurse attain a higher LPN salary by garnering specialized licenses in fields such as gerontology or IV therapy which increases their earning power. However, not all states allow this kind of professional organization licensing.
Best paying industries for LPNs
Most LPNs are employed by nursing homes ($43,960 median yearly wage), general hospitals ($42,000 median yearly wage), and doctors’ offices ($39,260). While it might be easier for LPNs to find employment in such environments, these are not the top paying industries for them. The highest median yearly wages for LPNs are offered in: insurance companies such as agencies or brokerages ($51,370 median yearly wage), junior colleges ($49,600 median yearly wage), insurance providers ($49,280), scientific research and development services ($47,210), and real estate lessors ($46,430).
Top paying states and cities for LPNs
Once again, the states with the highest level of employment and job concentration for these nurses are not the same ones as the top paying states for LPN salary. Texas, California, and New York have the highest employment levels, while the highest job concentration levels can be found in Louisiana, Arkansas, and West Virginia, respectively. However, the top three paying states for these nurses are: Connecticut ($54,690), Alaska ($54,010), and Nevada ($53,490), closely followed by Massachusetts and New Jersey, where mean yearly wages also exceed $53k. Finally, the best paying cities and metropolitan areas for LPNs, with annual mean salaries ranging between $55k and $62k, are San Francisco CA, Oakland-Fremont CA, Santa Barbara CA, San Jose CA, Sacramento CA, Peabody MA, Napa CA, Hartford CT, Bridgeport CT, and Reno NV.
Work may not be your life purpose, but it is the place where you spend most of your time. This is why it is very important to enjoy what you are doing, do it well and become a better employee, and thus by doing your job well, win more money. Ultimately, our jobs can greatly affect our attitude, and life, so it is imperative for us to do our best.
Have you ever wondered why teachers put so much passion into their work? Even if their salaries aren’t the best ones, they still work extra hours, help students, and “throw” their weekends away, all for the sake of a new course planning. They do this because they are passionately involved in their work: a good teacher is one that constantly strives to become a better employee. Teaching gives them joy, it fulfills them, and it helps them create a better version of themselves.
The truth is that we spend most of our childhood and adolescence learning new skills and preparing for our lives as adults. In order to contribute to society in “a big way”, we should work with pleasure, and thus be dedicated. Here are three excellent ways to become a better employee, and ultimately, a better version of yourself:
1. Become a Better Employee by Doing the Best You Possibly Can
I have always considered that it doesn’t really matter what your job is, as long as you are doing it right. Clowns, CEOs, scientists, dentists, architects and street sweepers are all members of this society, and if they wouldn’t be doing their job right, the balance of our world would turn to ashes. Obviously, I am referring to a larger scale, but the whole idea is that everybody has a purpose in this world, and we should never be ashamed of our jobs.
On the contrary, we should strive to achieve excellent performance reviews, impeccable attendance, punctuality, and willingness to go the extra mile for what our boss needs. People who are clumsy but dedicated to their work are more valuable than genius employees who don’t really care.
2. Seek Out New Skills
If you are the best sales representative, chances are that you will forever remain the best sales representative in the world. There is no way to evolve and become a better employee if you are already the best at what you are doing. This is why it is important to constantly learn and obtain new skills. Take responsibility of your life, stop being lazy, and try to gain new qualifications, that go beyond your current position. By learning alternative skills, you will gain a broader perspective on the world, and you might also get a promotion. In order to learn new things you can apply for a new school, learn a new language, volunteer or take on temporary projects.
3. Be a Team Player
It is impossible to live life on your own, and this rule also applies to your work. I highly doubt that you are the only employee at your current job, so instead of keeping all your knowledge to yourself, why not share it with your fellow colleagues? If there are many projects that need to be done in the office, why not volunteer to help? Not only will you be giving back to other people, but you will also make new friends who might help you when you need it. These relationships are essential at work, and in life, because there is always something to learn from the person next to you.
These are three of the most important things that you can do to become a better employee and a better you. What do you do at your job in order to become better? Please share your thoughts!
How to Earn a Higher Paycheck
Most people accept a new job or promotion without negotiating for the best offer. It is very depressing to start in a new job to find your peers, or even those in positions less important than yours, are earning higher salaries than yours. If you don’t negotiate, you will be paid less that you could get, and in many cases, less than your employer planned to pay you.
Often people don’t negotiate because they fear they will harm their relationship with their employer. The opposite is often true. If you negotiate effectively, your employer will view you more favorably than if you did not try to improve your offer at all. An employer wants his new employee to start his new job feeling happy and enthusiastic, but that does not mean they will pay you more than they have to pay. They may have budgeted 15% to 20% more salary than they offer to you, but if you don’t ask, you won’t get it.
It is also very important to remember that your starting point in the job will very likely have a strong effect on how much you can expect to earn over your period of employment with the company and into the future. If you start low, you probably will be behind the curve of where your salary should be, throughout your time with this employer.
It will probably also affect how you will be paid by your next employer. Often a prospective new employer will ask, “What is your present salary?”. They want to see what they’ll have to offer to get you and how you compare with your business peers. Your salary history signals how valued you are by your employer. If you are earning less than others in similar situations, it is not unreasonable to assume that is a reflection on your performance in your position.
As stated above, fear of offending the prospective employer is the primary reason why a candidate for a position does not negotiate or counter-offer when he receives a job offer. Actually, the opposite is almost always the case. When a person offers a well-reasoned negotiation in requesting a better offer, the prospective employer sees them as a self-confident and prepared candidate. Another valid point to remember is that once the offer has been made to you, then you actually are in a stronger position than the employer. They have already stated that they want you instead of other candidates. It makes sense, to them as well as to you, that you should get the best deal possible for yourself.
Before the interview, anticipate that you will receive an offer and prepare yourself for the negotiation to improve that offer. Prepare a logical justification to maximize the salary you’re offered. Keep emotion out of it as much as possible. Think about how you would feel if you were on the other side of the table. What can you say to convince them to increase the offer – salary as well as benefits?
Here Are Some Steps!
- Become a believer in your ability to bring about change.
- Write down your personal strengths and how they can be used to achieve the changes you desire.
- Write down the negative thoughts or fears that hold you back from taking the steps necessary to achieve your desired changes. Be aware of them and make a determined effort to discard them.
- If you feel it is necessary to achieve your goals, seek help from superiors, mentors, family, friends or anyone else who could provide the help and support you need.
- Be willing to take risks. Without risk, there will be no reward. Those willing to take professional risks often receive the biggest gains.
- Always keep in mind though, you need to carefully think through any career decision and make intelligent choices.
- 6. Find the right path to follow by focusing on your wants, needs, goals and dreams. Follow that path by maintaining your focus and dedication.
Assets is a category most often defined to include tangible things such as capital, land, stocks, bonds, equipment, goods and property. What about intangible assets like knowledge or skills? Those are just as important as tangible assets if not even more so. Intangible assets are much harder to quantify and measure precisely because they are not visible things. They can only be seen indirectly through their effects on tangible assets.
Evaluating the return on investment or ROI for further training or education can be thus fairly difficult. Assigning or imputing money amounts to specific intangible assets is almost impossible. However, the Philips ROI Methodology can help put a dollar sign on the possible return from investing time and energy in additional study.
Philips ROI Methodology
The basic formula is Net Program Benefits/Net Program Costs multiplied by one hundred. The apparent simplicity of this formula is shattered when the actual benefits and costs are calculated. Estimates for them must be prepared according to this methodology. Essentially, participants are asked to assign percentage values as expressions of certainty to their estimates of how much a particular result is worth to them in money terms. Multiplying the dollar estimates by the percentage amounts supposedly yields a reasonably firm foundation for building a quantitative analysis of any prospective benefits.
Accountants are understandably wary of such practices because they are necessarily uncertain. They cannot be accurate enough to be accepted into the corpus of generally accepted accounting principles or GAAP used in the United States. GAAP only recognizes intangibles in so far as they relate to other accepted concepts like intellectual property. This presents a major problem for proponents of this ROI methodology. What is the best way to estimate ROI for education?
One way, which may not be the best, is to use current salary data for different occupations to gauge how much a worker’s salary could be increased by continuing his education. Matching this data against the full cost of additional training can provide a relatively good proxy of a cost/benefit analysis. Potential salary increases over and above the cost likely indicate that more education in the chosen field is an investment that will yield a return.
1. Ask for a raise – This is obvious, but often overlooked. In most cases, your employer isn’t going to increase your salary just because you deserve it. If you want a raise it’s on you to ask for one directly. It’s a good idea to have a number in mind before asking. We recommend you aim hight and be prepared for your employer to counter with a lower offer.
2. Quantify your worth to the business – This isn’t possible for all jobs, but in many cases it is. If you can pinpoint how much money you bring in compared to the average worker in your role, you have great leverage for negotiating higher pay. It’s a simple math problem. If your employer knows losing you means losing a big amount from the bottom line they’ll be willing to pay up to keep you around.
3. Change jobs – Building a lasting relationship with an employer is great when it works, but in many cases to reach a higher pay grade you’re going to have to look elsewhere. It might not seem logical, but it’s often easier to jump into a higher role at a new company than within your present one. This is because companies tend to label people when they first start and don’t revise those opinions as people grow. If you think this might be your problem, start testing out the job market. You might even be able to get your current employer to respond with a sweet counter offer.
4. Earn an advanced degree – In many organizations, your level of education will have a major impact on your starting salary which serves as the baseline for your compensation through out your career. Going back to school, either fulltime or in the evenings, and earning a masters of phd degree can lead to a large increase in pay.