Ever heard of Ethan Holliday? His job offered him a $9 million signing bonus. How about Kade Anderson… $8.8 million. Eli Willits got $8.2 million as a bonus to sign onto his job.
Now, chances are you may not have heard of any of these people. But maybe you’ve heard of Jordan Love. Last year, he received a reported $75 million bonus to sign on with the Green Bay Packers.
Yes, all the people named above are professional athletes. And yes, a lot of professional athletes receive signing bonuses when they join their “company.”
But…
Did you know that signing bonuses aren’t only for pro athletes? In fact, they’re a lot more common than you may think.
Get this…
Before the pandemic, fewer than 2% of all job postings offered signing bonuses. But, by 2022 that number jumped to 5.6%.
Even today, however, the percentage of jobs offering signing bonuses is double the pre-pandemic level.[1]
Meaning, there’s a whole lot of jobs out there that offer signing bonuses.
Today, FindYourJobNow.com will show you how to find one!
But before we do, we need to answer an important question: Why do companies offer signing bonuses, even for entry level positions?
Well, we’re experiencing a labor shortage. A massive labor shortage.
See, the last time we wrote to you we noted the following:
“There’s a whole lot of jobs available out there. 7.437 million jobs, in fact. This, according to the latest data from Bureau of Labor Statistics.[2]
But, while the availability of millions of jobs is eye-popping, what we’re about to show you next is simply mind-boggling.
Get this… well over 25% of all open jobs, right now, haven’t been filled for at least three months.[3]
That’s a quarter of a year!
This means that not only are millions of jobs available right now, but employers may be getting desperate to fill them.”
And because of this labor shortage, not only are some companies getting desperate to fill positions, but they’re offering singing bonuses to assure they can.
Yes, signing bonuses even for entry level jobs.
So, which “industries” are well known to offer signing bonuses?
Let’s get to them!
Healthcare, beauty and wellness, technology… logistics, and transportation, to name a few.
Of course, these are just the industries that are well known to offer signing bonuses. But, you see, because of the labor shortage, you can potentially find jobs that offer signing bonuses in just about any industry.
Yes, even for some entry level jobs!
Now, while there is little data on the average signing bonus across all industries, you can find jobs that offer you anywhere from a few hundred dollars to join the company (as entry level) all the way up to tens of thousands of dollars (for senior level positions).
And get this: Even if a job posting doesn’t highlight a singing bonus, you may be able to negotiate one! Remember, employers are desperate to fill positions, and they want you to apply.
With that in mind, you should, at the very least, inquire about a signing bonus when it comes to salary negotiation time. If you’ve gotten that far into the hiring process, it means the company is very, very interested in you.
So, how do you find a job that offers a signing bonus?
Simple, visit our homepage at www.FindYourJobNow.com and enter the kind of job you’re looking for, and the location you want to work.
Then, look at all the jobs available to you… and apply to the jobs with singing bonuses first!
[1] Why signing bonuses are becoming more common - Fast Company