CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign-up bonuses soar 75% as firms struggle to fill roles

By Angelique Ruzicka

10:30, 21 September 2021

A photographic representation of a golden handshake
Golden handshake bonuses are increasing. Photo: Shutterstock

The number of employers offering a sign-up bonus has spiked by 75% as recruiters struggle to fill vacancies, according to research by job website Indeed.

In a bid to lure more workers to sectors struggling to find skilled employees, recruiters are offering an instant ‘golden handshake’ bonus of £5,000. 

Companies in sectors such as nursing, construction, transport and the care sector – which in some cases is offering as much as £10,000 in bonuses – are finding it especially hard to recruit skilled staff. Others offer bonuses that kick in after a couple of months in the job.

Engineering incentives

Further research by Indeed found that the use of incentives is rising most quickly among those recruiting for gas engineers, drivers and social carers. Bonus amounts vary but, in many cases, run to several thousand pounds for hard-to-fill roles.

Chemical engineering, which is heavily reliant on recruiting trained gas engineers, had the highest share of postings offering a signing-up bonus in August, with some job ads offering incentives of up to £3,000 (see table below).

Sign up bonus rises compared

Not all jobs offer golden handshakes. Sign-up bonuses accounted for a modest 0.51% of all the vacancies on offer but the generous incentives have been introduced rapidly over the summer as companies struggled with labour and skills shortages.


0.53 Price
+1.080% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00398


14,581.70 Price
+0.060% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 1.8


1,961.60 Price
-0.040% 1D Chg, %
Long position overnight fee -0.0185%
Short position overnight fee 0.0103%
Overnight fee time 21:00 (UTC)
Spread 0.30


26,820.60 Price
-0.330% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

Beating the competition

Recruiters are resorting to more unusual tactics to find the talent they need and fend off the competition. “Worker shortages have become so endemic in some sectors that employers are having to work increasingly hard – and think imaginatively – to attract the staff they need,” said Jack Kennedy, UK Economist at Indeed.

“Sectors with the biggest squeezes for workers have responded with well above average pay increases but while some people’s heads have been turned, the supply of workers still isn’t keeping up with demand for workers.

“Persistent bottlenecks mean that as well as hiking pay, many employers are turning to signing bonuses that offer new staff a ‘golden hello’ in a bid to stand out to candidates and beat off the competition.” 

Furlough to blame?

Furlough is set to end this month but some claim the scheme is one of the main reasons behind the lack of skilled jobseekers.

“The problem for employers is that many people still aren’t urgently seeking work, and this ratchets up the pressure even further to the point where some – especially employers in sectors with long-term labour shortages – may have little choice but to raise regular pay and think more about what people ultimately seek from work,” added Kennedy.

Indeed’s research comes as the number of jobs vacancies in the UK broke through the one million mark for the first time on record in the three months to August, according to a report released by the Office for National Statistics (ONS) this month.

Read more: UK situations vacant reach all-time high of one million

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading