Sign-on bonuses for new employees can benefit employers if they are deployed carefully

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Sign-on bonuses for new employees can benefit employers if they are deployed carefully
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An employer asks: While we’re paying competitive salaries, we can’t compete with a high signing bonus. Here’s our question: Do these bonuses work for employers or just for employees?

We went through a rigorous recruiting process and found the right new hire for our company. Our entire team loved her, from our managers to our employees, who met her when she did a walk through our offices.

Employers use signing bonuses to gain a competitive edge when attracting top talent or when they’re desperate to fill positions.to new employees in positions ranging from part-time ramp agents to baggage handlers, paid in monthly installments to employees who remain with United for at least one year.

Because few matters remain secret in a workplace, signing bonuses can create morale problems that result in current employees leaving for a new employer and their signing bonuses. To ease this problem, employers often provide longer-term employees with retention bonuses.

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