What determines sign on bonuses?

Discussion in 'Questions From New Drivers' started by Nightwind8830, Jul 27, 2013.

  1. Nightwind8830

    Nightwind8830 Medium Load Member

    419
    192
    Jul 13, 2013
    Chicago,IL
    0
    This is the job posting in looking at:

    Regional Truck Driver | $5,000 Sign-On Bonus | Indiana or Illinois-10000000R8



    This Regional truck driver position features weekly time at home, up to $54,000 per year* and a predictable work schedule. Plus, you’ll haul 95% no touch freight and average 350-450 miles per length of haul.



    Eligible Applicants

    • Experienced truck drivers
    • Recent truck driving school graduates
    Pay & Benefits

    Full-time CDL truck drivers are eligible for:

    • Up to $54,000 per year*
    • $5,000 sign-on bonus*
    • Mileage and accessorial pay plus potential $0.02/mile performance bonuses
    • Weekly home time
    • Flexible scheduling available
    • Up to $6,000 tuition reimbursement available for recent truck driving school graduates
    • Paid orientation/training
    • Paid vacation
    • Medical, dental and vision insurance
    • 401(k) savings plan with company match
    • Most loads are drop-and-hook
    • Qualcomm MCP200 - The latest in-truck technology with paperless logging and GPS​
    • Operating Centers - Drivers have 24 hour access to company facilities with free and safe parking, showers, Wi-Fi, laundry facilities and cafeteria services.
    • Military Apprenticeship Program - U.S. military veterans, Guard members and Reservists who are new to the trucking industry may be eligible to earn an additional educational benefit check from the VA (up to $1,275 per month)
    *Based on experience and location


    Qualifications


    • Valid Class A CDL
    • Live in northern Illinois or northern Indiana
    • Hazmat endorsement required at time of hire


    Does anyone know why there would be such a high sign on bonus? When applying for my first trucking job ever, what should I question about a job offer like this? $5,000 is alot of money, I'm not understanding what it is about this route that they would offer $5,000 to the driver who gets the job...I would like some insight, high dollar offers make me suspicious that theres something here im not taking into consideration...Theres not alot of info given,what questions would ask about this type of offer?

    thank you,

    Nightwind
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. yearziro

    yearziro Light Load Member

    75
    28
    Jul 5, 2013
    St.Louis
    0
    Usually its for things such as a re-location bonus or you might have to stay with the company for X amount of time before they give you a sign-on bonus
     
    Nightwind8830 Thanks this.
  4. Dinomite

    Dinomite Road Train Member

    4,092
    4,308
    Sep 6, 2012
    Looking 4 Rocks
    0
    Look at the * Says based on experience and location. So you might get there and they say oh we will hire you, but you don't have experience. So you can't get the sign on bonus. Also location. They may say you are 5 miles outside of the required hiring area. So you won't qualify. They also only give you some of the money. So you get 200 dollars every few months and then the larger sum close to your year with them. Then all of a sudden before you can get the large sum. You are let go because you are not a right fit for the company. Beware of the scams my friend and or Get use to them.
     
    str8rida and Nightwind8830 Thank this.
  5. skootertrashr6

    skootertrashr6 Medium Load Member

    639
    6,942
    Jan 4, 2012
    Pueblo, Co
    0
    Under the pay and benefits section where it says $5,000 sign on bonus*, it has a asterisk ( * ) next to it, read a little farther down and it says it, *based on experience and location. A lot of companies will pay sign on bonus's to those coming in with experience, usually paid in installments while they are employed there. Such as the company I am with offering a $2000 sign on bonus for minimum 1 years experience OTR, $3000 for 2+ years OTR, $4000 for 4+ OTR. First paycheck received $500, each 30,000 miles I receive $500 until the $2000 is met.
     
  6. pattyj

    pattyj Road Train Member

    22,474
    20,137
    Jul 19, 2008
    Sioux City,ia
    0
    Jobs sure do like glamourizing their ads don't they.Sign on bonus can be very misleading.Many think im here hired now where's my sign on bonus.That means you have to be there so long before you're eligible for it.Which I think in most cases its a yr.KB gave me a sign on bonus and didn't know I had it coming.But one check was real high and asked payrole about it.That ad says up to 54,000,what they're really saying is up to 30,000 a yr.Up to 6 k tutition reimbursement,not a chance sucker is what they're really saying.Everything you read,you put your own words into it.This company is like every other company,they'll say anything the driver wants to hear.
     
    Nightwind8830 Thanks this.
  7. fr8te_sh8ker

    fr8te_sh8ker Medium Load Member

    497
    395
    Jul 8, 2013
    0
    As a wannabe you're not going to get a $5K sign on bonus. Your sign on bonus is that they'll repay your trucking school tuition up to $6K, which is a fair deal.

    The word experienced always means at least 1 full year of OTR or 3 years of combined driving. And advertised bonuses are just that, you have to qualify for them.
     
    Nightwind8830 Thanks this.
  8. skootertrashr6

    skootertrashr6 Medium Load Member

    639
    6,942
    Jan 4, 2012
    Pueblo, Co
    0
    Under the pay and benefits section where it says $5,000 sign on bonus*, it has a asterisk ( * ) next to it, read a little farther down and it says it, *based on experience and location. A lot of companies will pay sign on bonus's to those coming in with experience, usually paid in installments while they are employed there. Such as the company I am with offering a $2000 sign on bonus for minimum 1 years experience OTR, $3000 for 2+ years OTR, $4000 for 4+ OTR. First paycheck received $500, each 30,000 miles I receive $500 until the $2000 is met.
     
    Nightwind8830 Thanks this.
  9. Nightwind8830

    Nightwind8830 Medium Load Member

    419
    192
    Jul 13, 2013
    Chicago,IL
    0
    the more i read the more i ask myself what im really getting into here...from the eyes of a wanna be trucker it looks like theres money here and potential to be able to earn enough,over time,for a home and to pay off debt ect...no college needed,no business casual attire,no cublicle and no limits... but #### it seems like theres alot of strings attached that aren't clearly defined in these job offers.#### man, its scary. I hope i didnt make a mistake getting my cdl. i gotta go ahead now, my current job is letting people go like crazy and im relying on getting some kind of trucking job in the next month or so.seems like i've got to jump into one spiders web or another job wise, its just a matter of finding out which company will #### you less when you're new. my driving school is NOT any kind of help ,they send new drivers to small local businesses which,quite honestly,are owned by immigrants who seem to be friends with the company owners or a least long time business contacts.idk.

    Any suggestions on companys who treat new truckers decently? Schneider sounds like my best bet so far.
     
  10. fr8te_sh8ker

    fr8te_sh8ker Medium Load Member

    497
    395
    Jul 8, 2013
    0
    As a nooby, any of the mega carriers are good but start with the ones that have terminals that have easy access to let you go home. One myth of the new trucker is that they'll get you home when you ask for it. It's better as a beginner to go with a company that offers terminals you can get routed to easily and catch an outbound ride to be dropped off near home then get picked up the same way. Because it's a lot to ask of a carrier to 'route you home', deadhead you home.
     
    Nightwind8830 Thanks this.
  11. Homemade1959

    Homemade1959 Light Load Member

    130
    47
    Jan 21, 2012
    any of the 48 states
    0
    All I can say is, "Don't let the smooth taste fool you.":biggrin_255:
     
    Last edited: Jul 27, 2013
    Nightwind8830 and Starboyjim Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.