HRSINGAPORE Community Discussions

Sign-on Bonus

Question

Dear all HR Practitioners,

Would like to know if your companies offer sign-on bonus for some critical positions or niche skills set positions. If you do, could you share briefly the quantum and the terms for this sign-on bonus for new hires.

Daphne


Reply 1

To have sign on bonus or so-called joining bonus for newly hired employee, it is advisable to specific a contract period of employment & other simple terms & conditions i.e. 1 Year

Also, to state the penalty should one fail or unable to fulfill the employment terms.

The amount is subject to management decision which can go up to $5,000/- depending on the designation & job tasks requirements.

Season


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