Sign-On Bonus: Definition and Negotiation Tips | …
https://www.indeed.com/career-advice/pay-salary/sign-on-bonus
1. Skill 1. SkillYou are more likely to be offered a starting bonus when you have . A sign-on bonus gives employers an advantage over their competitors. It is a way to get you to consider the position they are offering. It is important to understand how sought-after your skills are in the job market. If what you do is in-demand by many companies, then you are more likely to get a sign-on bonus.2. Compensation for the salary 2. Compensation for the salaryThis bonus is sometimes offered by employers as compensation. For instance, they might not be able to offer you the salary you want. Employers might need to maintain salary equity within the company, which might cause a lower salary than you had asked for.3. Make up for benefits 3. Make up for benefitsIf you are an expert in your field, then you may leave behind a potential bonus or other benefits when going from your current job to start another. When this is the case, your prospective employer may offer you a sign-on bonus to make up for what you would be leaving behind.Related: How to negotiate a sign-on bonusNegotiation is an important skill for every job seeker. It is good to know that you can negotiate on the sign-on bonus as you would for work conditions and salary. These are the things to keep in mind when negotiating your sign-on bonus:4. Reopen negotiations 4. Reopen negotiationsIf the answer is no, then this might be the time to reopen the negotiation on your salary. You can ask for half the amount of your sign-on bonus and increase your monthly salary. In doing so, you would give yourself better financial longevity, especially if you plan on staying with the company for more than a year.5. Make sure you fully understand the terms 5. Make sure you fully understand the termsUnderstand what is being asked of you when you say yes to this sum of money. There could be certain parts in your job contract that you would prefer to discuss during the interview process before saying yes. Reading your job contract thoroughly and asking a lawyer to go through is a good way of knowing what you are agreeing to. 6. Consider your starting salary 6. Consider your starting salaryLook at the salary figure you’ll be starting with. If you are not satisfied and your prospective new employer is refusing to go higher, then this is the time to propose a sign-on bonus..css-wdykvy{margin:0;margin-bottom:1rem;color:#2d2d2d;font-weight:700;font-family:"Helvetica Neue","Helvetica","Arial","Liberation Sans","Roboto","Noto",sans-serif;font-size:2.75rem;line-height:1.25;-webkit-letter-spacing:-0.0625rem;-moz-letter-spacing:-0.0625rem;-ms-letter-spacing:-0.0625rem;letter-spacing:-0.0625rem;}
DA: 8 PA: 36 MOZ Rank: 78
