Sign-On Bonus
I once heard a college professor of mine say that you should do your job so well that your employer couldn't afford to lose your services. In a competitive job market, employers are looking to hire the best candidates for entry level jobs. However, some situations may call on employers to go the extra mile to get who they want. One incentive they might consider is a sign-on bonus.
A sign-on bonus is a special payment that may be given to new employees who possess highly demanded skills in certain area during a labor shortage. Most of these bonuses go to workers in top level staff positions and those with manager and senior professional positions (MSPs). However, with impressive qualifications and the right timing, entry level job candidates may find opportunities to secure a sign-on bonus. If approved, full payment of the bonus will depend on the employee's performance at work.
Employers need to find the best candidates to fill entry level jobs. Sometimes, though, they may have to consider an incentive to attract these candidates in a competitive job market. A sign-on bonus is one option they can use in an attempt to obtain your services.
Sources
http://www.hr.ucdavis.edu/Emp/mgrs_sups/selection-process/msp_bonus
http://www.osp.state.nc.us/manuals/manual99/Sign-on Bonus Policy.pdf
Leave a comment