4 ms·
That's how all bonuses work? If I'm reading your comment correctly. If you leave a company within, usually, two years, you have to return the money.
by ethanbond 10y ago
That's how all bonuses work? If I'm reading your comment correctly. If you leave a company within, usually, two years, you have to return the money.
- somenomadicguy 10y agoWhoa, unless the bonus is astronomical, you would really need to question the offer, especially if relocation is involved. The longest earn-out I've ever had on a hiring bonus was 6 months, even then I left within 5 and didn't have to pay it back. The amount of things that can cause you to leave a job or be fired over two years creates a huge risk, and creates an incentive for your employee to fire you on your 23rd month.
- jk563 10y agoLast place I was at the payback was pro-rata, so there was no real incentive for firing on that basis.
- ohstopitu 10y agoa friend of mine who works at Amazon (Toronto), got an 8K signing bonus. He just graduated from University (and he worked there for 4 months before graduating on a co-op). As for signing bonuses, I have read contracts from various startups that want you to pay your signing bonus (which is generally about 5k) back if you leave within the first year.
- 2almalki 10y agohow does your friend like it in Tdot?
- ethanbond 10y agoThe three offers that I'm familiar with from three of the big ones were 2 years, though maybe it's different for new grads? I totally agree, I don't really like it. I think, though, that the astronomically large bonuses are worse than the small ones. Paying back $5000 (+ income tax, mind you) is much easier than paying back $100k + tax.