Loving your job is one of life’s most significant aspects. That said, when it comes to choosing or reconsidering a job, salary plays a big role, depending on your goals and lifestyle.
It can be difficult to understand the difference between a public and private nurse’s salary in the healthcare sector. Here’s what you need to know about nurse’s wages.
Differences in Salary
In the private sector, salaries vary according to the healthcare employment agency with which you work. Indeed, employment location has a significant impact on a nurse’s salary in the private sector. Working in Quebec’s remote regions could therefore boost your pay since these positions are in much higher demand.
The Advantages of the Private Sector
Nurse’s salaries in private hospitals and agencies can also be impacted by the benefits that come with this sector, such as:
- Flexible schedules: Choose your work hours and the shifts that are convenient for you. Flexible scheduling lets you work more or fewer hours depending on your preferences. This will, undoubtedly, have a positive impact on your finances.
- Advantageous compensation: Choose the most beneficial opportunities in terms of meeting your financial goals!
- Mobility: If you like to travel or discover different places and take on professional challenges, you can accept mandates in various Quebec regions and earn more money depending on the region.
- Variety of practice environments: Change up your daily tasks or gain experience in various healthcare employment sectors. Also, certain mandates pay more than others, allowing you to choose a mandate based on its hourly rate.
Types of Available Jobs
As mentioned above, income can have a significant impact on employment selection. And for a good reason!
Nurse’s salaries come in a variety of nuances. By consulting jobs on private-sector agency websites, you will be free to choose the position that suits you the best while knowing what benefits are being offered.
You can also choose when you retire!
When discussing a private nurse’s income, one distinction that should be mentioned is the pension plan. As a nurse in the private sector, financial planning for your retirement is completely different from that in the public sector.
A nurse in the public sector contributes to a government pension fund. On the other hand, a private-sector employee must invest the difference in insurance and pension planning on their own.
That said, a nurse working in the private sector has more investment options! They can decide how to invest in their RRSPs or TFSAs to increase the value of their money, and they can choose to retire sooner without incurring penalties.
In short, private nurse salaries vary depending on the mandate, region, and several other factors. Placement Premier Soin can also help you find the ideal job position for you and your financial expectations.