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I see more and more, in every industry, employers offering sign-on bonuses to incentivize candidates. While I get the reasons why I think you need to be careful when offering a sign-on bonus. One thing to consider: What will your existing employees think? Especially those that are loyal and have been with you a long time. Another thing to think about; If the person you are hiring is basing his/her decision on money alone, is that good for the long term? I always struggled with sign-on bonuses, but I would like to hear from those that have done it, and how they handled it.

We are trying to come up with a bonus program to include our estimators, office staff and parts employees. I think it would have to be structured differently for each but I am not sure what to base the bonuses on. Any ideas?

Would like to set up a cash bonus program based on profitability of the shop paid to mechanics. Cash bonus would be paid twice a year. Would like any ideas or some type of matrix. Thanks in advance for any advice.