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Budgeting and Managing Resources. Managing Your Professional and Financial Future. These attributes can be applied to any functioning profession to defend its status, including nursing.
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Managing Your Professional and Financial Future These attributes can be applied to any functioning profession to defend its status, including nursing. • 1. Systematic knowledge base, including a theoretical foundation unique to the profession as well as those adapted from other disciplines • 2. Authority, which occurs through education and experience and gives the nurse knowledge and skill to make professional judgments • 3. Community sanction, which occurs through statutes, rules, and regulations defining practice and role expectations • 4. Code of ethics applicable to the practice area • 5. Culture, which consists of formal and informal groups and skill-related characteristics and career orientation to be considered professional.
Nursing Education • Nursing is unique in that it has multiple related educational paths that lead to licensure and professional status. These paths, however, have led to a great deal of public consternation and confusion about the profession. • Diploma programs have been phased out in many parts of the country. Most nurses today initially become licensed attending associate degree or baccalaureate degree programs and work in a variety of clinical settings.
Certification • Certification has been utilized in many professions and is the process to acquire formal recognition as having expertise in a given area. It signifies knowledge beyond the minimum required for licensure. • The process is believed to determine and maintain specific standards, knowledge, and skills to ensure the safety of the clients in a specified area of practice.
The American Nurses Association • The American Nurses Association (ANA) was established in 1896 by a group of nurses. In its early years, it focused primarily on standardizing nursing education and licensure. Today, the welfare of nurses and the public they serve is a cornerstone of the organization. • The Code of Ethics helps guide practice and research policy, and clinical standards guide care and practice measures.
NationalStudentNurses’Association • Created in 1952 through the ANA, the National Student Nurses’ Association provides a means for all students in RN programs to develop as responsible, accountable, and career-oriented members of the profession. • This organization allows students to have a voice in nursing.
National League For Nursing (NLN) • Established in 1952, this organization claims to be the oldest nursing organization in this country. The NLN is concerned with the quality of all nursing education, from practical nursing through master’s degree programs. • This organization is utilized by all levels of nurses in practice today Membership is open to all nurses interested in the purpose of the organization—professional and public—at the state and national levels.
Specialty organizations • There are multiple specialty organizations available for nurses to join: the American Association for Critical Care Nursing, the American Heart Association, the Emergency Nursing Organization represent a few. The area of nursing in which the RN practices might be of assistance when determining the most appropriate specialty organization. • Every possible specialty in the nursing profession is represented by an organization.
Scholarship • Scholarship is the culmination of activities that advance teaching, research, and the practice of a profession through rigorous study. Nursing scholarship, like scholarship in other disciplines, also includes presentations and service. • Even though the practice of nursing has been in existence since before Florence Nightingale, it was not considered to be a profession until much later.
Scientific principles of scholarly research ■ Significance of research questions asked ■ How productively the results of the investigation are communicated ■ Strictly followed research methods; how answers are found ■ The soundness of the theoretical base ■ How significant the answers are to the field and to humanity.
Writing and publishing scholarship in nursing • Nursing, along with other disciplines, is in the process of redefining scholarship as it relates to itself as a discipline. Scholarship is pertinent to the individual members of the profession, whether faculty, administrator, or practitioner. • Publishing, which includes writing articles, editorials, and books; integration and application of knowledge; curriculum development; and teaching methods and techniques, is another vital aspect of scholarship.
Scholarship in presentations • Presentations may be made in on-unit in-services, hospital grand rounds, case studies, classroom lectures, professional meetings, and the community. There are several methods by which scholarship can be presented. • Two methods discussed here will be speaking and poster presentations because they are the methods used most often at conferences and workshops.
Speaking Presentations • Presenting papers and projects to large and small audiences is a skill learned by doing and is perfected over time. • The outline will serve two functions: it will guide the writer by delineating specific sections and details to be covered. • An abstract is a concise statement that introduces and summarizes the work. The abstract should be accurate, comprehensive, and self-contained. It is used to present the pertinent information about the work to the reader.
Futurefinancialplanning • Nursing, a helpingprofession, isalso a traditionallyfemaleprofession. Helpersandwomenarenotusuallythegroupsthatplanfortheirfinancialfutures. Inmanyinstances, nursestendtoneglecttheirownfuturefinancialaffairs. • Nursestendtobetoobusywiththeirjobsforfinancialplanning; ortheychangeemploymentforgreaterfinancialbenefitsbeforetheycanbuild a substantialportfoliowithanyoneemployer.
Educate yourself • Nurses already multitask, but they must add another task to the list: gaining knowledge of retirement planning. It would simplify the process if all necessary information on retirement planning could be found in one place, but that is not the case. Therefore, nurses must actively search for the knowledge they require. • The nurse can also seek advice from the human resources department in the individual’s place of employment.
Psychologicalknowledge • Each individual must determine what retirement means personally. At retirement, some may want to travel; others may plan to work longer and/or even part-time and do special interest activities. • Whatever the retired nurse may do, planning the finances for those activities is a vital part of retirement financial planning.
Atretirement 1. Savings on hand 2. Value of Social Security benefits 3. Current pension plan in detail 4. Rights to a spouse’s pension 5. Values of other savings plans.
Asset allocation strategies • Decisions regarding risk tolerance and the amount of time required to invest before the funds are acquired at retirement are at the discretion of the individual. • . There are at least four strategies for allocating assets for retirement funds: the conservative strategy, the balanced strategy, the growth strategy and the aggressive growth strategy.
Nursing has declared itself to be a profession • it has authority, through education and experience, allowing the nurse to make professional judgments; • it demonstrates community sanction through licensing, certification, and defining practice through rules and regulations set at the state level; • it has a code of ethics for practice to protect both the nurse and the client; • it has been identified as a culture through licensing, professional organizations, community organizations, and the educational programs in place for students and licensed nurses.
