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Whoa, 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
by somenomadicguy 10y ago
Whoa, 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.