Bonus Your Way for Registered Nurses

CRH is proud to offer Bonus your Way for the position of Registered Nurse.

Bonus your Way is the opportunity for you to select a bonus amount and length of retention that is most optimal for you. For an employee with a qualifying student loan balance*, a portion of your bonus must be paid as a non-taxable loan repayment.

Registered Nurses Bonus Value/Retention Period (you choose one option below)

• Option 1: Total value of bonus = $7,500 gross
• 1 lump sum payment of $7,500 gross
• 1 year (12 months) of retention commitment (from date of initial retention bonus agreement)
• Option 2: Total value of bonus = $20,000 gross
• 2 lump sum payments of $10,000 gross
• 2 years (24 months) of retention commitment (from date of initial retention bonus agreement)

To learn more about this opportunity complete the Bonus Your Way interest form and a member of our Recruiting team will reach out to you.

How do I get the process started?

1. Search for Registered Nurse positions on our Careers Website.
2. Apply for a Registered Nurse position that you are interested in and are qualified for.
3. Our recruiting team will reach out to you to discuss your interest, experience and eligibility for the Bonus your Way program.
4. After being interviewed and an offer is extended, our recruiting team will provide you with the Bonus your Way request form to complete by selecting the value of the bonus and attest to how it will be distributed. 

If you have any questions about the Bonus Your Way program, please call 812-376-5627.

Details of Bonus Distribution

1. If you do not have any qualifying student loan balance*, you will receive your bonus in a lump sum payment that is considered 100% taxable income.
• Payment schedule:
• First lump sum payment on pay date following execution of retention bonus agreement
• Additional lump sum payment(s), if any, will be processed on a pay date following the annual anniversary dates of the initial agreement execution date
• Taxation
• Taxes on a taxable bonus payment are withheld at a higher rate than regular income
2. If you do have any qualifying student loan balance*, and you are personally responsible for the payment of the balance, you will receive $5,000 of the selected bonus amount as loan repayment (which is considered non-taxable income), and the remainder of the total bonus amount as a taxable lump sum bonus payment.
• Payment schedule:
• The entire first year bonus amount (taxable bonus & nontaxable loan repayment) will be paid out at the same time, on a pay date shortly following the execution of the retention bonus agreement.
• Additional taxable bonus & nontaxable loan repayment(s), if any, will be processed on a pay date following the annual anniversary dates of the initial agreement execution date.
• Taxation:
• Taxes on a taxable bonus payment are withheld at a higher rate than regular income
• Loan repayment is non-taxable, up to the annual IRS limits
3. If you do have any qualifying student loan balance*, but a 3rd party is responsible for the balance payments, you will receive your bonus in a lump sum payment that is considered 100% taxable income.
• Payment schedule:
• First lump sum payment on pay date following execution of retention bonus agreement.
• Additional lump sum payment(s), if any, will be processed on a pay date following the annual anniversary dates of the initial agreement execution date.
• Taxation
• Taxes on a taxable bonus payment are withheld at a higher rate than regular income

Who is eligible?

• Employee whose primary job code in Kronos is #34 Registered Nurse, and 
• Employee has a hired FTE status in Kronos of 0.6 (48 hours/pay period) or higher 

_{*Qualifying student loan balance is a loan balance used to achieve the degree required for the #34 Registered Nurse position. For example, loans taken out to achieve an Associate’s or Bachelor’s degree in Nursing would be considered a qualifying student loan, if a balance still remains.}