Signing bonuses are becoming increasingly popular in the competitive job market, with more companies offering them to attract top talent. Despite attempts to find alternative methods of incentivising job seekers, the signing bonus remains prevalent despite its drawbacks. Furthermore, the type of bonus is increasingly becoming linked to the specific job requirements. Comp romises on the part of employers regarding relocation costs, vacation time and salary expectations are being made in favor of offering more compelling bonuses. Signing bonuses can range from a physical gift, to cash, to larger tangible items, with each aimed at creating a more attractive job offer. Signing bonuses are becoming increasingly commonplace for high-level positions, and are reflective of both the hiring trends and the large changes in the job market. Despite the changes, signing bonuses remain an important tool for those looking to fill top jobs.
