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Bonuses are on the rise: Job postings with incentives doubled in the past year, major jobs site Indeed says

Hiring labor market job opening signing bonus

Summary List Placement

Businesses are battling to attract workers as the economy roars back to life. Their latest weapon: a slew of hiring incentives.

The share of job openings touting incentives — ranging from signing bonuses to retention payouts — has doubled since July 2020, according to employment service Indeed. The share began to steadily climb through the spring, the same time hiring unexpectedly slowed and narratives of a labor shortage emerged.

The bonuses are a win-win in the current labor market, AnnElizabeth Konkel, an economist at the Indeed Hiring Lab, wrote in a Thursday blog post. Job searches details ⇒

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