Walt Disney World offering signing bonuses for culinary and housekeeping jobs
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Disney recently increased its signing bonus from $500 to $1,000 or $1,500 for new full-time and part-time employees in the culinary department, according to Disney. The company is also paying $500 for new housekeepers and bus drivers who get part-time or full-time work with the company, which is the country’s largest single-site employer.
Read more from The Orlando Sentinel.
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I wonder if they also do referral bonuses. To me, that's a decent enough mechanism for recruiting in professional circles.
Jeff - Editor - CoasterBuzz.com - My Blog
They should pay a living wage if they are struggling to recruit. :)
This reminds me of buying the starter pack for $10 so that you will have to continue to buy the refills for $40.
-Travis
www.youtube.com/TSVisits
$1500 equates to 72 cents per hour for one year for someone working 40 hours per week for 52 weeks.
Just an observation. I've got nothing beyond that.
... and I'm sure they have data that says the average employee works 2 point whatever years, so your cost per person is actually spread across the whole employment, not just the first year.
Lord Gonchar said:
$1500 equates to 72 cents per hour for one year for someone working 40 hours per week for 52 weeks.
Just an observation. I've got nothing beyond that.
There was an interesting article in one of today's papers (WSJ, NYT, or WaPo, I forget) that addressed this. Unemployment has gone down, but wages have not gone up. That's something of a surprise, as usually one goes with the other. Partly, that is because there is still a glut of prime-age workers "not in the market" for various reasons, and because they are not looking for work, they do not count in unemployment. But, those same folks are looking at the market and deciding not to enter it, because the pay rate is not worth the time, effort and expense (child care, etc.) of working.
A signing bonus is a way for a large employer to try to crack that nut without committing recurring money to the problem. One-time money is a lot easier to swallow if you are an employer. We'll see if this sort of thing works. I suspect it might, but maybe not enough.
In addition to getting people who are on the employment sidelines in the job market, you can hire people currently working elsewhere. I would expect the signing bonuses would be more successful with the latter (and from the employer's perspective, I think there are reasons to prefer the latter group of potential employees).
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