WorldatWork Study: Bonus Programs are on the Rise
#evolve Magazine
January 20, 2022

New WorldatWork research finds that bonus program usage and consideration are increasing. 

In a study of 957 United States-based organizations of various sizes across multiple industries, WorldatWork found that 38% of employers use all four types of bonuses: sign-on, referral, spot and retention. 

Only 7% of respondents said their company does not use any of the four types of bonus programs. 

Sign-on bonuses are the most prevalent of the four types; more than 50% of respondents said their organization offers an additional sign-on bonus amount for in-demand or hard-to-fill roles, with another 21% considering sign-on bonuses.

More than half (52%) also report increasing the number of sign-on bonuses awarded in the past 12 months.

“As the war for talent rages on, HR and compensation professionals are reaching into their bonus arsenals to help attract and retain talent,” said Alicia Scott-Wears, director of total rewards content at WorldatWork, “most notably sign-on bonuses to initially win over their talent targets.

Related WorldatWork Resources
As Union Activity Rises Nationwide, There Are Positive Ways to Manage It
Salesforce to Hire 3,300 People in Preparation of Ramp Up
Exposing Pay: Policy Implications and Research Challenges
Related WorldatWork Courses
Sales Compensation: Foundation and Core Principles
Advanced Excel Skills for Compensation Professionals
Sales Compensation: Advanced Implementation and Program Management
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