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Sign On Bonus

  • 1.  Sign On Bonus

    Posted 12 days ago

    Hi,

    Can anyone in the healthcare field share your policy or methods for utilizing sign on bonuses to hire Physicians, CMA's, RN's, Therapists, Psychiatrists and other hard to fill  healthcare professions.

     

    Thanks in advance!

    Lorraine

     



  • 2.  RE: Sign On Bonus

    Posted 10 days ago
    Until the past year we have not gone this route, feeling that people will leave as soon as they have fulfilled any time commitment to being required to pay back all or a portion of it.  Sadly, these have become all too common due to pandemic shortages and higher competition in the senior living industry, and healthcare in general.

    We don't have a written policy nor even a consistent plan for who to offer a bonus to or how much.  We've now approved maybe a handful because we were not attracting quality or any candidates otherwise.  One way to view a sign-on bonus is, in my opinion, it's similar to paying a headhunter's fee for finding a person, but you're now paying it directly to the employee.

    We do ask that they sign an agreement that if they leave within a year, they will reimburse a portion of the amount based on how long they stayed with us.  We have also now implemented phasing it in, such as 30% up front, 30% at 6 months, then the rest at the one year anniversary.

    Good luck to all of us who are (desperately) trying to find those quality candidates who will love our organization and want to stay for years!

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    Cherie Ziegler SHRM-CP
    Pivotal Health Care
    Lenexa
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