UPMC is boosting compensation for entry level registered nurses to $52.17 an hour by 2027, a 20% increase and nearly $9 more an hour than local competitors pay, the Downtown-based hospital and health insurance giant announced Monday.
New nurses with a bachelor’s degree will get $41.75 an hour and $40 an hour without a bachelor’s degree for an 18% increase. A sign-on bonus of $15,000 combined with a monthly loan repayment coverage of $20,000 over three years brings hourly wages for entry level nurses to $52.17 for bachelor’s level nurses and $50.42 for those without a bachelor’s degree.