Competing with Sign On Bonuses and Other Hiring Tactics
Hello and welcome to Episode 126 of the People Powered Business Podcast!
In today’s episode of the podcast we’re discussing a recruitment strategy or tactic that we are seeing more and more often in 2022 – the sign on bonus…
Put simply, a sign on bonus is a one off cash incentive paid to a new employee when they accept and start a new role with you. In a market where the competition for talent is tough, employers are literally trying anything, including throwing money around, to try and secure their new team members.
In todays’ episode we discuss when and why they may be useful, but more specifically why it’s a short sighted solution and there are other ways to use the same investment to get a better result.
If you’d like to ask questions or start a discussion about sign up bonuses and other recruitment strategies, I have an invitation for you.
An Invitation
Would you like to connect with other like-minded business owners, leaders and managers experiencing similar situations with their team?
Join the discussion inside our free Facebook Group – HR Support for Australian Businesses.