Employers use bumper bonuses to lure workers – Business MattersBusiness Matters

The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises.

Mounting concerns that the UK is headed into an economic downturn have led companies to contain costs while trying to attract talent amid record levels of vacancies.

The percentage of recruitment advertisements offering bonuses rose from 13.6 per cent, or 90,345, at the beginning of last year to 16 per cent, or 190,333, this month, according to figures from Adzuna.

The rise in bonuses was widespread across sectors, according to Paul Lewis, chief customer officer at the job search engine. He added that retail, IT, and customer service roles had all seen “notable proportional increases in jobs advertising a bonus since January 2021, directly responding to talent shortages worsened by the pandemic.”

However, the level of bonuses offered varied significantly by sector, with public sector…

Read Full Story: https://bmmagazine.co.uk/news/employers-use-bumper-bonuses-to-lure-workers/

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