Ray A. Smith
speaker
910 appearances
20 recordings
1 series
first heard Jun 2018
last heard Nov 2024
Ray A. Smith’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so not many people will have some of these crucial or unique skill sets.
So that's what makes them appealing for companies to give a signing bonus to.
During the negotiations where we're hatching out the deals and the salary and starting dates and all that, that's when the signing bonus should come up.
Whether a company explicitly says that they're available or if you're bringing it up, you make sure to bring it up when you're close to signing the deal.
Is the bonus completely separate from an employee's starting salary?
A couple of people I talked to for the story told me that it should be considered as part of the salary in terms of when you're negotiating salary.
And you should base your ask for a signing bonus based on what the base salary is.
And what I mean by that is one person told me they basically asked for at least 10% of their base salary for the signing bonus.
And that was when they were in discussions about what the total compensation package will be.
It'll be considered additional income beyond the base salary, but it would be paid up front at the start of the job.
Is it taxed?
Yes, it is taxed.
So people really need to be mindful of that.
That is a big risk, that what you start seeing is these internal pay equity discussions where people who've been there for a long time or have been there at least for a couple of years or even months see this new person getting this shiny bonus on top of their pay and
And that they didn't get when they started, either because they didn't ask or they weren't offered.
And so you get to people feeling like this is really unfair and not justified.
And so that can create some drama among colleagues in the workplace.
Absolutely.
A candidate could run that risk.
It could jeopardize the offer if the employer feels like
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