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I've heard of needing to stay for X years after Company pays for tuition. I've heard of signing bonuses of $1-10k that only pay out if you stay for X years (dum
by crzyman 3y ago
I've heard of needing to stay for X years after Company pays for tuition.
I've heard of signing bonuses of $1-10k that only pay out if you stay for X years (dumb name, that's a "thank you for staying for 2 years" bonus, not a signing bonus).
I've heard of vesting schedules where the company helps you fund a 401k and annually increases the percentage you could take if you quit up to 100% after X years.
I have never heard of something as predatory as immediately approving your employees for a $100k loan at 0% APR that's only forgiven if they stay for 2 years.
I don't care how pretty the bow on the box is, it's still a box of poop.
- rrrrrrrrrrrryan 3y ago> if they stay for 2 years If it were "if you decide to stay for 2 years" bonus, I don't think there'd be an issue The issue is that it's really a "if we decide to keep you longer than 2 years" bonus, improperly named a "signing bonus." It is paired with a real "bonus" or perk of sorts, but it's just a weird 2 year 0% APR loan that must be repaid in full at the end of the term, which works out to maybe $10k in risk free returns.