Questions remain over whether the voluntary bonding scheme helps with recruitment and retention.
Data suggesting new graduates who opt to be bonded have higher retention rates when compared to non-bonded colleagues does not mean bonding works.
Nurses Society director David Wills says the two groups may have had different intentions from the outset. Arguably new graduates who decide to take up the scheme already have the intention of remaining with the same employer for a particular period compared to other new graduates. Hence, they sign up to the scheme because it will reduce their student loan.
That said, current underfunding of Te Whatu Ora and tight controls mean many new graduates are not able to get into NETP programs at present, so anything that boosts employment options for new graduates is arguably welcome, and this latest announcement may give new graduates another option.
Under the scheme new graduates will receive just over $14,000 in three instalments towards paying off their student loan if they remain with Te Whatu Ora for five years.
Arguably such a relatively small payment is unlikely to have any real long term impact on recruitment and retention.
A payment of this amount and type is unlikely to retain someone in a clinical area or location that is not consistent with their career goals or personal preferences.
Recent radio interview on the matter.
Questions remain over whether the voluntary bonding scheme helps with recruitment and retention.
Data suggesting new graduates who opt to be bonded have higher retention rates when compared to non-bonded colleagues does not mean bonding works.
Nurses Society director David Wills says the two groups may have had different intentions from the outset. Arguably new graduates who decide to take up the scheme already have the intention of remaining with the same employer for a particular period compared to other new graduates. Hence, they sign up to the scheme because it will reduce their student loan.
That said, current underfunding of Te Whatu Ora and tight controls mean many new graduates are not able to get into NETP programs at present, so anything that boosts employment options for new graduates is arguably welcome, and this latest announcement may give new graduates another option.
Under the scheme new graduates will receive just over $14,000 in three instalments towards paying off their student loan if they remain with Te Whatu Ora for five years.
Arguably such a relatively small payment is unlikely to have any real long term impact on recruitment and retention.
A payment of this amount and type is unlikely to retain someone in a clinical area or location that is not consistent with their career goals or personal preferences.
Recent radio interview on the matter.