Logo

Navigation
  • Home
  • Services
    • ERP Solutions
    • Implementation Solutions
    • Support and Maintenance Solutions
    • Custom Solutions
    • Upgrade Solutions
    • Training and Mentoring
    • Web Solutions
    • Production Support
    • Architecture Designing
    • Independent Validation and Testing Services
    • Infrastructure Management
  • Expertise
    • Microsoft Development Expertise
    • Mobile Development
    • SQL Server Database and BI
    • SAP BI, SAP Hana, SAP BO
    • Oracle and BI
    • Oracle RAC
  • Technical Training
    • Learn Data Management
      • Business Intelligence
      • Data Mining
      • Data Modeling
      • Data Warehousing
      • Disaster Recovery
    • Learn Concepts
      • Application Development
      • Client Server
      • Cloud Computing Tutorials
      • Cluster Computing
      • CRM Tutorial
      • EDI Tutorials
      • ERP Tutorials
      • NLP
      • OOPS
      • Concepts
      • SOA Tutorial
      • Supply Chain
      • Technology Trends
      • UML
      • Virtualization
      • Web 2.0
    • Learn Java
      • JavaScript Tutorial
      • JSP Tutorials
      • J2EE
    • Learn Microsoft
      • MSAS
      • ASP.NET
      • ASP.NET 2.0
      • C Sharp
      • MS Project Training
      • Silverlight
      • SQL Server 2005
      • VB.NET 2005
    • Learn Networking
      • Networking
      • Wireless
    • Learn Oracle
      • Oracle 10g
      • PL/SQL
      • Oracle 11g Tutorials
      • Oracle 9i
      • Oracle Apps
    • Learn Programming
      • Ajax Tutorial
      • C Language
      • C++ Tutorials
      • CSS Tutorial
      • CSS3 Tutorial
      • JavaScript Tutorial
      • jQuery Tutorial
      • MainFrame
      • PHP Tutorial
      • VBScript Tutorial
      • XML Tutorial
    • Learn Software Testing
      • Software Testing Types
      • SQA
      • Testing
  • Career Training
    • Career Improvement
      • Career Articles
      • Certification Articles
      • Conflict Management
      • Core Skills
      • Decision Making
      • Entrepreneurship
      • Goal Setting
      • Life Skills
      • Performance Development
      • Personal Excellence
      • Personality Development
      • Problem Solving
      • Relationship Management
      • Self Confidence
      • Self Supervision
      • Social Networking
      • Strategic Planning
      • Time Management
    • Education Help
      • Career Tracks
      • Essay Writing
      • Internship Tips
      • Online Education
      • Scholarships
      • Student Loans
    • Managerial Skills
      • Business Communication
      • Business Networking
      • Facilitator Skills
      • Managing Change
      • Marketing Management
      • Meeting Management
      • Process Management
      • Project Management
      • Project Management Life Cycle
      • Project Management Process
      • Project Risk Management
      • Relationship Management
      • Task Management
      • Team Building
      • Virtual Team Management
    • Essential Life Skills
      • Anger Management
      • Anxiety Management
      • Attitude Development
      • Coaching and Mentoring
      • Emotional Intelligence
      • Stress Management
      • Positive Thinking
    • Communication Skills
      • Conversation Skills
      • Cross Culture Competence
      • English Vocabulary
      • Listening Skills
      • Public Speaking Skills
      • Questioning Skills
    • Soft Skills
      • Assertive Skills
      • Influence Skills
      • Leadership Skills
      • Memory Skills
      • People Skills
      • Presentation Skills
    • Finding a Job
      • Etiquette Tips
      • Group Discussions
      • HR Interviews
      • Interview Notes
      • Job Search Tips
      • Resume Tips
      • Sample Resumes
 

Can I Really Get a Signing Bonus?

By Exforsys | on June 12, 2005 |
Career Articles

It never hurts to ask.

During the technology boom in the late 90s, signing bonuses were commonplace as companies looked for ways to recruit top IT professionals from their competitors. Although the market is not nearly as strong as it was then, signing bonuses seem to be making a comeback. In many cases, all it takes to get one is to ask and to convince the hiring manager that a few extra bucks will be the catalyst that will convince you to take the job. It’s important to realize, however, that you must be in a position where your credentials far outweigh those of your competitors or that you’re extremely comfortable knowing that the potential employer has their sights set on you specifically.

Signing bonuses can be anywhere from 5 to 10 percent of your base salary, in extreme cases, however, they could go much higher. Obviously signing bonuses are usually used to lure top talent and with the current IT glut in the marketplace, it may be difficult to find an employer that’s willing to pay one.

There are several segments within the technology arena, however, that are hot. It’s within these segments that we’ll probably see more signing bonuses than any other. Data Security, for example is currently the segment of the industry that’s attracting the most attention. If this happens to be your specialty, odds are you can ask for and receive a signing bonus.

Other skills that can make you extremely marketable are the soft skills that are currently in short supply for companies who are doing offshore outsourcing. An IT professional that speaks foreign languages, has traveled overseas or is familiar with other cultures, for example, is currently a hot commodity to companies who need professionals to manage their outsourcing projects.

Another important factor that may determine whether or not you’ll get a signing bonus is how you present it to your potential employer. A signing bonus is definitely not something you bring up on a first interview. You don’t want to give your employer the idea that the only thing you’re interested in is the money.

The chances of getting a signing bonus increases dramatically if the employer has gone far enough in the interviewing process to know that you are the one they want to hire. In many cases, a signing bonus can make up for a lower salary offer or lack of comparable benefits to your current situation.

The best way to approach the concept of a signing bonus is to let your potential employer know that you either have other companies who have issued similar offers or that the current compensation package doesn’t compete with what you’re already getting. Offer the possibility of a signing bonus as the clincher that will allow you to make the decision in their favor.

« « Looking for a Promotion: tips to make it happen.
Oracle Apps Concurrent Processing » »

Author Description

Avatar

Editorial Team at Exforsys is a team of IT Consulting and Training team led by Chandra Vennapoosa.

Free Training

RSSSubscribe 394 Followers
  • Popular
  • Recent
  • Targeting your Career and Your Audience

    June 12, 2005 - 0 Comment
  • The Importance of Career Counselors

    September 6, 2006 - 0 Comment
  • What To Do After Graduation

    February 8, 2006 - 0 Comment
  • Tips on How to face an Interview!

    September 3, 2004 - 0 Comment
  • Cover Letters : Are They Really That Important?

    March 12, 2006 - 0 Comment
  • Career Tips for Older Professionals

    June 14, 2005 - 0 Comment
  • Is The Workplace Really Welcoming To Women?

    February 8, 2006 - 0 Comment
  • Importance of Body language in interviews

    September 4, 2004 - 0 Comment
  • Get Your Foot In The Door With A Great Cover Letter

    April 13, 2006 - 0 Comment
  • Getting Paid What You’re Worth

    June 14, 2005 - 0 Comment
  • How To Earn More Money With Your Career

    November 13, 2006 - 0 Comment
  • How To Reach The Top Of Your Career

    November 13, 2006 - 0 Comment
  • How To Successfully Change Your Career

    November 12, 2006 - 0 Comment
  • How You Can Deal With A Difficult Boss

    November 10, 2006 - 0 Comment
  • The Importance of Career Counselors

    September 6, 2006 - 0 Comment
  • Does a Higher Education Mean Higher Pay?

    April 25, 2006 - 0 Comment
  • Bachelor of Science Career Possibilities

    April 25, 2006 - 0 Comment
  • Career Opportunities With a Bachelor of Arts Degree

    April 25, 2006 - 0 Comment
  • Career Strategies for Women

    April 14, 2006 - 0 Comment
  • Get Your Foot In The Door With A Great Cover Letter

    April 13, 2006 - 0 Comment

Exforsys e-Newsletter

ebook
 

Related Articles

  • How To Earn More Money With Your Career
  • How To Reach The Top Of Your Career
  • How To Successfully Change Your Career
  • How You Can Deal With A Difficult Boss
  • The Importance of Career Counselors

Latest Articles

  • Project Management Techniques
  • Product Development Best Practices
  • Importance of Quality Data Management
  • How to Maximize Quality Assurance
  • Utilizing Effective Quality Assurance Strategies
  • Sitemap
  • Privacy Policy
  • DMCA
  • Trademark Information
  • Contact Us
© 2023. All Rights Reserved.IT Training and Consulting
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT