Tag: signing bonus

Ask the Expert: When Can Employers Withhold a Sign-On Bonus?

By Meaghan E. Murphy, Skoler, Abbott & Presser, P.C. Oct 4, 2024 Benefits and Compensation

Updated: Oct 4, 2024

Question: We gave a $5,000 sign-on bonus to a new hire who has been a no-show for numerous days, and we haven’t been able to contact them. Can we withhold and/or deduct from this employee’s final paycheck to recoup some of the sign-on bonus? Answer: Most likely, no. Unless the employee signed an agreement giving you […]

The Pros and Cons of Signing Bonuses in Today’s Job Market

By Lin Grensing-Pophal, Contributing Editor Sep 25, 2024 Benefits and Compensation

Updated: Sep 25, 2024

In the battle for talent in the U.S. labor market, employers have several arrows in their quivers: salary, annual bonuses, benefits like health and dental insurance, vacation time, flexible scheduling, company culture, etc. All of these can be used to entice candidates to apply to work for a given employer, and these various arrows can […]