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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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