Signing Bonuses Lure Recent Grads


More entry-level hires may find themselves with deeper pockets in 2008, according to the National Association of Colleges and Employers.

The association's Job Outlook 2008 survey found 54% of employers plan to use signing bonuses when recruiting new hires, up from 47% in 2007.

Previous NACE studies and surveys suggest that employers often underestimate their need to use signing bonuses. According to Marilyn Mackes, NACE executive director, approximately 47% of employers said they planned to offer bonuses in 2007, but more than 54% actually used them. If the pattern holds, Mackes expects more than 60% of employers could use bonuses when hiring 2008 graduates.

Respondents who planned to offer a bonus to all entry-level hires expected to spend on average $4,450 per bonus - a 25% increase from 2007.

The survey found that two-thirds of employers using bonuses only expect to offer them to select candidates, and the amount of the bonus varies depending on several factors, including degree subject and level.

Source: Job Outlook 2008 , www.naceweb.org.

<% server.execute /pubs/jofa/includes/footer.htm %>

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.