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Santa Fe, NM incorporates new hire and retention bonuses into workforce development program

Santa Fe, NM New Hire Retention Bonus Workforce Development

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Santa Fe offered $1,000 bonuses for new hires starting with a December 2021 rapid-hiring event. Current employees received $2,000 bonuses across two payments. The city used $300,000 from a better-than-expected quarter of tax payments for the new hire bonuses. The $2.4 million in retention bonuses were funded with part of a city settlement with the state over tax revenue sharing. These bonuses are part of a workforce development effort that includes a $15 minimum wage for hourly workers.

Finance Workforce Management Performance Incentives / Staff Engagement Innovation in Finance

Santa Fe, NM

Municipality in New Mexico

United States

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City Proposes Employee Hiring and Retention Bonuses | City of Santa Fe, New Mexico

Santa Fe, New Mexico - Official City of Santa Fe government website provides information and online services for residents of, businesses in, and visitors to Santa Fe, New Mexico

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SANTA FE, N.M. (KRQE) – The City of Santa Fe is proposing employee hiring and retention bonuses. The city manager is asking for current employees to get a $2,000 retention bonus. New employees would get $1,000. City council will determine the proposal next Wednesday. They’re looking to hire about 200 people for various positions from cops […] | Local News from KRQE News 13 in Albuquerque, New Mexico

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