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Hourly rate for nurses

As per our contract, the hourly rate is 1/1213th of the gross annual salary. 

All figures below are based on 5/1/15 contract rates.

Nurse with a master’s plus 10 years’ experience and longevity

$60,023 – gross annual salary - base plus 10 years’ experience

$2,832 – master’s education differential

$4,846 – 10 year longevity

$67,701 – total gross annual salary

67,701 ÷ 1213 = $55.81 hourly rate