Companies offer up to $100k sign-on bonus to attract speciality talent

A supply crunch for talent has pushed companies to offer sign-on bonuses of up to $100k (£72,669) for speciality jobs, says data and analytics company GlobalData.

The company’s database reveals that advertisements offering a sign-on bonus have increased across all sectors by a whopping 454% in the past year, from 10,312 positions in August 2020 to 57,123 in August 2021. 

“Companies that have stepped up overall hiring activity recently have a tendency to provide sign-on bonuses,” GlobalData says. They include HCA Healthcare, FedEx, Compass Group, XPO Logistics, Quest Diagnostics and Ryder System.

“Roles that involve a shared workspace or are front office are the most likely to offer a sign-on bonus during the pandemic due to employees coming into contact with others,” says GlobalData business fundamentals analyst Ajay Thalluri. “It would be wise for companies to advertise the bonus in the job description as those that do are receiving a higher number of applicants compared to those that don’t.”

Over 70% of FTSE 100 companies and 60% of Fortune 100 companies work with GlobalData.

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