Signing bonuses: Do you need to show them the money right away?

by on November 3, 2010 · 0 Comment POSTED IN: HR Cafe

Do you offer signing bonuses to new hires? A new survey may give you an idea of whether you need to in order to remain competitive.

According to the survey, by compensation consultancy Culpepper & Associates, these bonuses dominate the market for executive, technical and scientific employees, and are common for sales and marketing, finance and HR.

Here are Culpepper’s figures, gleaned from 85 organizations ranging from 10,000 employees:

  • Technical/scientific/engineering: 91% of employers offered the bonuses
  • Executive: 86%
  • Sales and marketing: 69%
  • Finance, HR, admin: 62%
  • Customer support and service: 22%
  • Manufacturing and production: 18%

If you’re hiring a software developer or a skilled wireless communication technician, you’ll almost certainly have to pay to play, Culpepper says.

Click to View Comments

Leave a Reply


Request a Free Demo

We'd love to show you how this industry-leading training system can help you develop your team. Please fill out this quick form or give us a call at 877-792-2172 to schedule your one-on-one demo with a Rapid Learning Specialist.