2 ms·
Cynical take: 30% bonus is there for retention. If you don't stick around for the year to hit the bonus, that's salary they don't need to pay you.
by jamie_ca 6y ago
Cynical take: 30% bonus is there for retention. If you don't stick around for the year to hit the bonus, that's salary they don't need to pay you.
- lotsofpulp 6y agoThat’s not cynical, that’s the purpose of a bonus. To ensure retention until the bonus is paid, and if you don’t stick around until the payout date, then you don’t get a bonus. You also stagger the bonus accrual and the payout time so that when the bonus is paid, they are halfway to accruing next year’s bonus so if they want to leave, they have to contemplate giving up a half year’s worth of bonus.
- Scoundreller 6y agoAnd to add, sometimes a new employer will pay out that “lost” bonus if they really want you. In my case, I was 3/4 into a 1yr retention bonus, and the new employer (which usually doesn’t do retention bonuses) agreed to give me the same bonus after staying for a year. Not exactly the same thing, but trying to encourage people to consider jobs even if they’re part-way into one of these retention arrangements. It was a ~$10k return for a few hours of negotiation. But I was prepared to walk away if I didn’t get it.