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Companies you'd never expect are offering signing bonuses to new employees

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America's stores are having trouble bringing on staff to meet growing demand from customers as the US economy regains steam. So they're turning to an incentive less commonly deployed in the retail industry: sign-on bonuses for new hires.

Amazon , Ollie's Bargain Outlet , Tops Markets supermarket chain, Sheetz convenience stores and many smaller stores are offering such one-time payments to sweeten job offers to new workers. Sign-on bonuses can be more attractive for some employers than raising wages because bonuses are not permanent and ultimately cheaper, said Andrew Challenger, vice president at executive outplacement firm Challenger, Gray & Christmas.

'A cherry on top'Amazon announced in May that it is hiring 75,000 people in warehouse and transportation jobs and offering sign-on bonuses of up to $1,000 in many locations. The company also said the jobs offer an average pay of over $17 an hour, higher than the company's $15 minimum wage. Amazon employees has offered higher sign-on bonuses for some hourly positions, too.Robin Ray Buscaino, 22, lost his job in 2020 at a restaurant in Colton, California, and was unemployed for a year.

 

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