Using Bonuses To Attract New Workers
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    • Using Bonuses To Attract New Workers

    September 14, 2021 | Chart

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    Traditional labor market data indicates that labor shortages are more severe for jobs that do not require a bachelor’s degree. In partnership with Emsi Burning Glass, analyses of online job postings present a real-time view into how employers are reacting to shifts in the labor market and the ways in which they are working to combat the labor shortage.

    Shown in the chart below, the share of online job postings mentioning a starting bonus or sign-on bonus has increased significantly in 2021, especially for sub-BA occupations. Between June 2020 and June 2021, the share has doubled for occupations that require less than a bachelor’s degree. Employers are likely to continue to offer incentives to widen the pool of available workers in the coming months.

    A sharp increase in starting bonuses offered in sub-BA occupations.

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    Experts / Authors

    authorImage

    Jeanne Shu

    Director, Labor Markets

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    Will Baltrus

    Associate Economist

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    Eric Li

    Former Senior Research Assistant

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    PRESS RELEASE

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    December 11, 2024

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    Growing Job Titles

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    Growth in Remote Work

    There has been a large increase in the share of office job ads that mention remote work since before the pandemic.

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    Charts

    Skills Growing in Demand for Tech Jobs

    certain skills and groups of skills have grown more rapidly in demand, identifies individual skills mentioned in online job ads and groups them into clusters

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    Growing Job Titles

    Growing Job Titles

    January 21, 2022 | Chart

    Using Bonuses To Attract New Workers

    Using Bonuses To Attract New Workers

    September 14, 2021 | Chart

    Growth in Remote Work

    Growth in Remote Work

    July 02, 2021 | Chart

    Skills Growing in Demand for Tech Jobs

    Skills Growing in Demand for Tech Jobs

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