When logged into the dashboard, you will see your agreement housed on your profile page. To access your agreement: Click your name in the top right corner and then select Profile.
The agreement will show next to your contact information. Compensation details of your agreement are located in Section 8 on page 3.
When an agency receives payment from the client, you will receive a Digital Check for your commission. Digital checks are sent to the email address you use for your login profile when you registered.
There is also a document located in the Documents Library on our Log in panel titled Commission Payment Process. Please review this document and the video referenced.
You can typically expect payment within 30 days of your Candidate starting their assignment.
You will receive 5% of the nurses weekly pay every week during their 13 week assignment. All following assignments will be handled by the agency, but you will still receive the residuals of 2% for the renewals for all your candidates on assignment during the duration of your agreement.
If the placement fee is $2000, that is the total amount you will receive over the 13 week contract your candidate is working. Commission fees are released when the agency receives payment from the hospital. In the beginning it will take a little while to receive payment, but once your commission cycle is billing regularly and the Hospitals are paying regularly - you too should see commission's regularly.
Direct Placement Job
Amounts vary on placement fees. Some are as low as $3000 and some as high as $10,000. It just depends, so let's say on average they hover between $6-8,000 per placement. These are paid half after 30 days and half at the 90 mark. In some cases we are comfortable with releasing payment sooner. After all, we value you and want you to get paid asap.
So what can you make?
Let's say you have 3 nurses working contract assignment and place one direct placement candidate during the next 90 days.
3 nurses with average pay of $2500 a week = $375 commission to you per week. Over the course of the 13 week assignment this equals $4,875. After the 13 weeks it converts to a 2% residual. You also place one candidate on a Perm Position and the fee to you is $7,000 (average from above).
Total commissions to you for just 4 candidates in this example scenario equal $11,875. Not a bad start. Again, this is just an example of one possibility. Nothing guaranteed and your situation could result in lower or higher payouts.
You can expect payments starting to come to you at the end of the next month after the candidate has started working. So if you placement fee is $2000, you will receive compensation for all hours worked the previous month.
Example: Candidate worked all of July, you will received payment at end of August for all the hours worked in July. Then your candidate works all of August, payment to you will be sent end of September.
The digital check is sent to the email address you used to register in the system.
Make sure W-9 is uploaded to your profile too!: Upload Form W-9 to Your Online Profile
Healthcare is the fastest growing industry in the country. The demand for candidates is tremendous and there are millions of nurses out there. If we just look at RN's there are 3.8M as of today and the number is growing. How many you want to work with is up to you.
Check this article for some great stats!
Imagine if you just increased your contract placements to 12 nurses (1 a month) and did a Direct Placement once a quarter.....