Negotiation Tools

You can use the Calculator published on this page to see what your income will look like based on various negotiation scenarios.

It was designed in a hope that our negotiation team will use it to get a better deal for us.

Message to Our Negotiation Team:

This calculator shows how the changes in health insurance, 401K benefits, and pay raises will affect our income.

For example, if we get 2% raise coupled with 1% decrease in 401K matching, and 10% increase in our Health Insurance cost, a nurse who is currently making $ 25/hr and is enrolled in 401K and Core Family Health Insurance Plan, will lose $ 0.42 of his or her hourly income.

Clearly, any such deal is unacceptable, and even CHS negotiators who I am sure are reasonable people, will have to agree. All you have to do is to show them that.

This is just one example. In addition you should consider increases in deductibles, co-pays, out-of-pocket expenses, etc.

You should also use statistical analysis, data, market research, scientific study results, and business planning strategies to boost your negotiation power, and to get a better deal for us.

Message to Young Nurses:

If you are not enrolled in 401K plan you are losing money. Use this calculator to see how your income will grow when you enroll in 401K plan.

401K is a plan that lets you to save a portion of your paycheck for retirement. Your 401K savings will grow tax free until retirement, at which point withdrawals will be taxed as ordinary income.

You are among about 50% of American workers who have access to 401K. Our hospital not only offers 401K plan, but also matches your 401K contribution up to 3%.

Essentially, it is like getting 3% raise. For example, if you make $50,000/year and contribute 3% of this amount ($1,500) to your 401K, our hospital will match your contribution and put additional $1,500  into your 401K account.

If you are just starting your career, make $50,000/year and have 40 years until retirement, even at minimal rate of return (4% return) with 3% Employer match you can save almost $ 600,000 by making 6% contribution ($1.50/hr) to your 401k plan. Use 401k calculator below to check it out:

401k Calculator













According to experts, to live comfortably after retirement, you need to make sure that 15% of your yearly income goes to your 401K account. Because our employer will give you 3%, you should contribute 12% ($3/hr) to your 401K. If you do that, at minimum 4% rate of return (which is adjusted for inflation) you will have almost one million dollars at retirement.

If 12% seems unmanageable, try to contribute at least 3% and work your way up 1-2% at a time.