Signing Bonuses: When And How To Use Incentive-Based Recruiting To Secure Top Talent
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You've just interviewed a great candidate for an open position. By all accounts, she's a stellar fit for both the job and your organization. But you're worried one of your competitors may snatch her up. Should you consider offering her a signing bonus? If so, how much? How should you structure the bonus to protect your organization and keep your prized new hire on board?
These are valid questions, and some that even the most attractive employers may face when recruiting top talent. On one hand, the money spent may be a valuable investment. On the other, it could be a needless expense if you don't structure it correctly, and your employee resigns shortly after she's hired.
So how can you be sure a sign-on bonus is right for your organization? Join us for this in-depth webinar and find out.
- Questions to ask when determining if you should offer a job candidate a signing bonus
- What to do if your salary offer is too low for the candidate, if he isn't eligible for annual incentives, or if other common compensation-related issues come into play that could scare off your candidate
- Situations when offering a signing bonus is a bad idea
- How to determine who's eligible for signing bonuses and who's not
- Steps for calculating the amount of a signing bonus so that it's effective, but without spending too much
- How to structure the offer letter to account for the signing bonus
- Best practices for administering signing bonuses within your organization
- If and when you can recoup the bonus if an employee quits
- How to get approval from senior management for the added expense of a signing bonus
- And much more
In just 90 minutes, you'll learn how to implement a signing bonus plan for your organization that's both effective and financially viable. Register now risk-free for this informative event for HR professionals.
About your Speaker:
Chuck Csizmar, CCP, is a Global Compensation Consultant and the founder and principal of CMC Compensation Group, a professional services provider specializing in analytic, project management, and consultative services for both domestic and international clients. Mr. Csizmar has a wealth of experience in the design, implementation, and communication compensation programs across the globe.
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