You’ve probably heard wild stories of people getting incredible signing bonuses for starting new jobs, and we’re here to tell you that these aren’t just rumors, it’s true. Right now businesses are looking for smart, responsible workers who have training or are willing to learn, and they’re willing to make it worth your while – whether you're looking for a job right now or are just casually exploring new opportunities.
A signing bonus is a bonus amount of money that a company gives to an employee that accepts a job offer. The bonus is a financial incentive to work for a company, and a sign they are serious about hiring you. They offer these bonuses to attract well-qualified employees and convince them to accept a new job. The best part? These bonuses are in addition to the new employees salary or wage, benefits and other bonuses.
A lot of diverse businesses are offering signing bonuses, but the biggest opportunities are for people in housekeeping, janitorial, culinary, hotel and casino desk workers and caregivers. One casino in Connecticut is currenting offering a $2,000 signing bonus to new hires in the culinary, security, concessions, housekeeping and retail departments via a job fair. Another hotel and timeshare chain is offering a $1,000 bonus to new hires in housekeeping, safety and security and engineering and maintenance.
It’s easier than you think, provided you have the skills and ability to take on the jobs offering bonuses. If you do, the best place to start is with the bigger companies in your area – think casinos, hotels, restaurant chains, nursing homes affiliated with national chains – and check out their websites for hiring information or job fairs. Or, try a general search! We found front desk jobs near us at a major hotel chain with a $500 signing bonus by typing in the name of the chain and “jobs with signing bonus near me” into Google. We also found caregiving jobs in Florida with signing bonuses of $2,000!
When the bonus is paid to you is the tricky part, and it’s good to get this conversation out of the way before you accept any offer. Some employers will pay you in your first paycheck, so you’ll have that bonus in hand right away. Some will pay half upfront and half after a certain period of time, and others will want to pay after 90 days or another period of time as they want new hires to stay. Sometimes, companies will want the bonus paid back if you leave before a certain period of time. Make sure to ask for the details before you sign on, so you’re not surprised.
Discussion starter: Would you prefer a signing bonus of $1,000 or a retention bonus of $2,000 if you stay at work for one year?