How ’bout my signing bonus?

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in Hiring,HR Management,Human Resources

If you’re launching a job hunt for the first time in a while, here’s good news: Signing bonuses are all the rage. As of mid-1998, employers in many industries were resorting to lump-sum cash payouts ranging from 5 percent to 25 percent of a newcomer’s first-year base pay to attract top candidates.

Example: In a survey of 100 high-tech firms by Advanced-HR Inc.of Saratoga, Calif., 18 percent said they often offer hiring bonuses and 65 percent said they do it sometimes.

As a rule, check with recent hires about signing bonuses before accepting a job offer.

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