Joining Bonus [Thread 396306]

can somebody help me with the following topic-
What is Joining bonus?
Why is it given and how much usually the joining bonus is given? Which are the companies which give joining bonus?
Awaiting your mail. Kindly help me in all this answers

Dear Aditi,

Appreciate for Good Question,

Joining bonus can be given for several reason some times to bring the candidate from different location.

Joining bonus is a sum of money paid to a new employee by a company as an incentive to join that company. They are often given as a way of making a Compensation package more attractive to the employee.

Companies are offering joining bonus as demand for skilled workforce is high, at times there are crucial positions to be filled for which companies cannot wait to get people on board,"

The main reasons for offering joining bonus is to ensure that the company gets the right talent at the right time

Joining bonuses is estimated to be in the range of 10 to 20 per cent of the employee's Cost to Company (CTC).

The trend of joining bonus is more seen in sectors such as BFSI (Banking, Financial Services and Insurance), IT, Services, Power, Energy and Infrastructure.

I have noticed that several companies offer joining bonus to a prospective employee to join early (or shall I say "immediately").

Hope this have clear your doubt.

Thanks a lot Ganesh for your help. Indeed it has cleared all my doubts.
Thanks once again.. Can you share me your mail id so that going forward if any doubts i can mail you.
Hope am not askin too much from you.
Regards
Aditi

Mostly the word 'Joining Bonus" is an euphemism for compensating the Notice Pay paid to the previous employer in order to take the employee on board immediately.
Pon

Hi ! Adding to this querry can someone please help me as iam currently been offered a job with less pay (20 percent less of what iam getting).After long negotiation they agreed to also pay joining bonus of 50,000/-.Iam thinking to take up this opportunity due to finanical instability of my current company due to which salaries are delayed etc .
The prospect offer /employer is a brand name in IT sector , hence I forsee a better carrer growth and stability. Please suggest shall I take this offer? if yes can I negotiate further in joining bonus as the tax liability would be huge Can i loose this offer if i negotiate too much ?.Please guide me at the earliest as I need to revert back to them asap.

Hello Sir,
I am getting such points in my initial offer later that can't be properly understanding, so please tell me what is this "Joining Bonus" -
The Point is -
"JOINING BONUS: You will be paid Joining bonus of INR 5,000 if joining by 18th May 2015, 2013.
The Joining Bonus will be recoverable if you leave the company before 1 year."

I recently came across a Job Portal which gives joining bonus for the candidates to encourage active Job seekers and reduce the offer to joining failures. This will allow the employers to reduce the cost of bench resources and also reduce the recruitment cycle time. Most beautiful factor in this is that they are eliminating duplicate profiles issues where even genuine candidates are getting rejected. You can visit My Joining Bonus - Unique Job Portal for more details.
They also planning to engage independent/freelance recruiters very soon.