Where to get a sign-on bonus right now (and psst: almost every worker will qualify for some of these jobs).

By Catey Hill
September 17, 2020
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Even as the job market remains stubbornly tough for many of us, there are companies that are so eager for workers, they’re paying major sign-on bonuses. 

And it’s not just Amazon who’s forking over the sign-on loot. To name a few more: Health care firm Anthem has a number of nursing-related jobs with a $5,000 sign-on bonus; mortgage firm Amerisave is offering a $10,000 sign-on bonus for mortgage loan processors; and customer experience firm Alorica has a $150 bonus for some of its call-center gigs. Here’s what you need to know if you’re hoping for a sign-on bonus right now:

What industries more often give sign-on bonuses? “The industries that tend to offer sign-on bonuses are those that have experienced a tremendous influx of demand since the pandemic began, or a shift in the way they work, necessitating the hiring of many more professionals and creating a race for talent,” explains Brie Reynolds, a senior career specialist at FlexJobs. “For example, in mortgage and banking, there are historically low-interest rates, in health care, there's an increased need for medical professionals like nurses, and customer service has shifted largely to a remote model with a need for more workers.” 

Where can I find more companies that give sign-on bonuses? Use a job search site like Glassdoor, Indeed or FlexJobs and type “sign-on bonus” or “signing bonus” in the search bar.  

Why are the companies giving these bonuses? “Companies understand the competition for certain types of talent is fierce, so they see sign-on bonuses as a way to encourage high-demand professionals to choose their company over others hiring for the same roles,” she explains. 

Will we see more sign-on bonuses? Maybe.If the current hiring deficits continue and certain career fields are in-demand, I think we'll continue to see these sign-on bonuses for certain types of jobs. But of course, it all depends on how the economy and job market continue to shift and change,” Reynolds says.