Companies offer sign-on bonuses for several reasons:
Attract Top Talent: In industries with high demand for skilled workers, sign-on bonuses can make a job offer more attractive. Fill Critical Roles: Some positions are harder to fill and may require additional incentives to attract the right candidates. Offset Relocation Costs: Moving for a new job can be expensive, and a sign-on bonus can help cover these costs. Compete with Other Offers: In a competitive market, candidates often receive multiple job offers. A sign-on bonus can tip the scales in favor of one company over another.