Sign-On & Referral Bonuses: Back on the Radar Screen

As hiring ramps up at many organizations, attention and conversation turns to sign-on and referral bonuses.

A just-released WorldatWork study, Bonus Programs and Practices, examines the state of practice for 
these two vehicles at 1,023 responding organizations.  Given the recruiting challenges that many businesses are starting to face, I thought it might be helpful to share some summary statistics on prevalence and award practices from that research.

60% of participating employers have a referral bonus program in place.  The table below further breaks down the prevalence of these programs by employee level, and notes the range where the midpoint (median) of average award size falls across responding employers.

 
54% of participating employers have a sign-on bonus program in place.  The table below further breaks down the prevalence of these programs by employee level, and notes the range where the midpoint (median) of average award size falls across responding employers.

 
As the hiring market moves, we may find these practices shifting accordingly… but at least this gives us a solid sense of the current state of play.

Comments

[christian louboutin]

As hiring ramps up at many organizations, attention and conversation turns to sign-on and referral bonuses.

[louboutin]

54% of participating employers have a sign-on bonus program in place. The table below further breaks down the prevalence of these programs by employee level, and notes the range where the midpoint (median) of average award size falls across responding employers.

[louboutin shoes]

notes the range where the midpoint (median) of average award size falls across responding employers.