If you’re in search of work, then this may be the perfect article for you. As COVID-19 restrictions ease and businesses start opening up across the nation, there has been a boom in open job positions. Amazon is one company that thrived during the pandemic and is looking to continue its hiring spree to continue its current dominance over the market. In May 2021, Amazon announced that it would be hiring 75,000 in its fulfillment and logistics network across the U.S. and Canada. In addition to this, Amazon also announced a pay increase, now offering anywhere from $16-20 an hour for these open positions.
However, the big selling point in these new positions is the generous signing bonus that Amazon is offering new employees. To learn more about this signing bonus, read on. This guide will break down everything you need to know about the signing bonus, what position it’s for, and how you can apply for it yourself. You’ll also learn a bit about what signing bonuses are and why Amazon is offering such a large financial incentive.
In its most simple form, a signing bonus is a financial bonus that is paid to a new employee. These bonuses could be in the form of a lump sum cash payment, increment cash payments, stock options, or even an added vacation. Signing bonuses are typically used by a company to provide some type of incentive to a potential employee.
Signing bonuses and hiring incentives have become more common over the past few years. In fact, research done by Indeed’s Hiring Lab indicates that between July 2020 and July 2021, job postings that offer a hiring incentive have more than doubled. Not only this, but internet searches for the phrase ‘hiring bonus’ have also doubled. This means that because of the sheer number of companies offering hiring incentives, those that don’t offer any incentive could be glanced over by potential hires.
But how can a company provide signing bonuses? What benefits do they get from spending extra money on employees? Do the benefits of hiring incentives really outweigh the costs?
Companies offer hiring incentives like signing bonuses for a couple reasons, the main ones being:
The COVID-19 pandemic forced us to stay inside and isolate ourselves from one another. While many businesses suffered from this, there were a few that thrived. What results from sitting inside doing nothing all day? Online shopping. Since the start of the pandemic, Amazon’s profits have increased nearly 200%. This monumental increase in profit also caused Amazon to go on a hiring spree – hiring more than 250,000 employees in 2020.
Amazon now wants to continue this rate of growth. As the COVID-19 pandemic slowly comes to an end and businesses begin opening up, there will be a boom of job openings. This means that, whereas previously during the pandemic Amazon could easily hire new employees (nobody else was hiring), there will now be increased competition for employees. Chief Financial Officer Brian Olsavsky said in April, “The economy is starting to open up, and there is a lot of need for new employees for a lot of different industries,”.
Because of this massive increase in employee need, Amazon has to stay ahead of its competition by continuing its hiring spree. As we discussed earlier, a signing bonus is a great way to incentivize potential employees to work for you rather than your competition. So, with their massive increase in profits and desire to stay ahead of their competition, Amazon has added incentive to its potential future workforce.
In May 2021, Amazon announced that they would be hiring 75,000 new employees to their fulfillment and logistics network. The positions that need to be filled in these departments are the ones that will receive the signing bonus. Such a massive increase in the fulfillment and logistics departments means that many new workers are needed for the warehouses. And this is where the signing bonus comes into play. Amazon will offer a generous signing bonus to all new Warehouse Team Members.
An Amazon Warehouse Team Member undertakes quite a few responsibilities. You’ll be working inside an Amazon warehouse, selecting, packing, and shipping customer orders. They go on to say that if you like a fast-paced, physical position that gets you up and moving, then this is the perfect position for you.
To be considered for the position you must meet two basic qualifications. You must have, at a minimum, completed High School or gotten your GED or an equivalent degree. You must also be able to understand and adhere to all safety requirements.
In addition to the signing bonus, Amazon also includes other benefits that you’ll get from this position. These include:
Now you’ve learned about signing bonuses, why Amazon is offering one, and the position that gets it, it’s time to get to why you’re really here: the actual bonus.
A $1,000 sign-on bonus, when you start your Day 1 prior to 9/5/2021, is paid to all new Warehouse Team Member hires. That’s right. For just being hired by Amazon as a Warehouse Team Member, you’ll be given a $1000 signing bonus.
However, as with everything, there are some terms and conditions that apply to this bonus.
$1000 is a great incentive for anyone to apply for a position, but what if I told you that you could get an additional bonus?
Since the beginning of the COVID-19 pandemic, scientists have worked tirelessly to discover, and mass-produce a vaccine that could efficiently work at defending the body from COVID-19. The process of discovering, testing, and producing a vaccine would usually take years of work. But because of the immediate need and 24/7 relentless work of scientists, vaccines with 90+% efficiency were announced to the public in November 2020 – almost 6 months after COVID-19 hit the USA.
Since the distribution of the various vaccines, infection rates around the world have dropped. As of July 28th, 2021, about 164 million people in the US are vaccinated – almost 50% of the population. While these numbers are high, it still isn’t enough to stop the spread of COVID-19. Or, give us herd immunity against it.
To help incentivize the population, Amazon is also offering a $100 additional bonus to those who provide proof of their COVID-19 vaccination on their first day. So, in addition to the $1000 sign-on bonus, you could also receive an additional $100 by just being vaccinated. This comes to a grand total of a $1100 sign-on bonus. Alicia Boler Davis, Vice President of Global Customer Fulfillment at Amazon, said this about Amazon’s new bonus, “Working at Amazon also comes with an unwavering commitment to safety, especially as we continue to navigate a global pandemic. In addition to the great pay and robust benefits available to new hires starting on their first day, we’re offering a $100 benefit to new hires who come to Amazon already vaccinated for COVID-19.”
Now you know all the juicy details about the bonuses you can receive, you must be wondering where you can apply.
Amazon has made it as easy as possible to apply for a position that includes the $1000 signing bonus. In fact, they made an entire webpage dedicated to finding positions near you.
Position: Warehouse Team Member
Wage: $16 – $20 per hour
Signing Bonus: $1000 signing bonus for new employees prior to September 5th, 2021
Additional Bonus: $100 for new employees that show proof of COVID-19 vaccination
Apply: Go to https://www.amazondelivers.jobs/?cmpid=PRPRCH5854H7 to find an Amazon location near you that is offering this bonus.
We hope this signing bonus guide helps as you decide if Amazon is the next step in your career journey!
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