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Asking my new employer to buy out my notice period
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I have just been offered a new job and would like to end my current notice period early, but this would require a buyout from my new employer. I want to ask my prospective employer for a buyout, but the employer has not mentioned anything about it during my interviews. Is it okay if I mail them asking for a buyout? How do I approach this?
job-offer contracts india notice-period
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
asked Oct 13 '15 at 13:16
Syed Ather
1614
suggest improvements |Â
up vote
3
down vote
favorite
I have just been offered a new job and would like to end my current notice period early, but this would require a buyout from my new employer. I want to ask my prospective employer for a buyout, but the employer has not mentioned anything about it during my interviews. Is it okay if I mail them asking for a buyout? How do I approach this?
job-offer contracts india notice-period
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
asked Oct 13 '15 at 13:16
Syed Ather
1614
1
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
1
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22
suggest improvements |Â
up vote
3
down vote
favorite
up vote
3
down vote
favorite
I have just been offered a new job and would like to end my current notice period early, but this would require a buyout from my new employer. I want to ask my prospective employer for a buyout, but the employer has not mentioned anything about it during my interviews. Is it okay if I mail them asking for a buyout? How do I approach this?
job-offer contracts india notice-period
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
asked Oct 13 '15 at 13:16
Syed Ather
1614
I have just been offered a new job and would like to end my current notice period early, but this would require a buyout from my new employer. I want to ask my prospective employer for a buyout, but the employer has not mentioned anything about it during my interviews. Is it okay if I mail them asking for a buyout? How do I approach this?
job-offer contracts india notice-period
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
asked Oct 13 '15 at 13:16
Syed Ather
1614
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
edited Oct 13 '15 at 16:55
IDrinkandIKnowThings
43.8k1397187
43.8k1397187
asked Oct 13 '15 at 13:16
Syed Ather
1614
asked Oct 13 '15 at 13:16
Syed Ather
1614
asked Oct 13 '15 at 13:16
Syed Ather
1614
1614
1
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
1
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22
suggest improvements |Â
1
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
1
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22
1
1
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
1
1
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22
suggest improvements |Â
1 Answer
1
active
oldest
votes
up vote
6
down vote
the employer has not mentioned anything about the buyout during my interviews
This may be because they have no idea that you need/want a buyout. Unless this is common in your field or part of the world, there is a good chance they have no idea.
is it ok if I mail them asking for a buyout, or how do I approach this?
I would not do it via mail. Too impersonal. Talk to the hiring manager directly. Tell them the conditions of leaving your old employer, whatever they may be. Then mention the possibility of a buyout to change the conditions.
For example, say your current contract says that you must provide 4 weeks notice before leaving or reimburse the company $1k USD per week short of 4. Then ask your prospective employer if pushing off your start date 4 weeks to meet that obligation is okay. If they need you earlier, ask if they can provide some sort of a signing bonus or buyout to cover the expenses.
But, talk to the hiring manager directly about all this, either in person or over the phone. Then whatever the two of you agree too, make sure it is in writing in the contract you sign with them.
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
suggest improvements |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
6
down vote
the employer has not mentioned anything about the buyout during my interviews
This may be because they have no idea that you need/want a buyout. Unless this is common in your field or part of the world, there is a good chance they have no idea.
is it ok if I mail them asking for a buyout, or how do I approach this?
I would not do it via mail. Too impersonal. Talk to the hiring manager directly. Tell them the conditions of leaving your old employer, whatever they may be. Then mention the possibility of a buyout to change the conditions.
For example, say your current contract says that you must provide 4 weeks notice before leaving or reimburse the company $1k USD per week short of 4. Then ask your prospective employer if pushing off your start date 4 weeks to meet that obligation is okay. If they need you earlier, ask if they can provide some sort of a signing bonus or buyout to cover the expenses.
But, talk to the hiring manager directly about all this, either in person or over the phone. Then whatever the two of you agree too, make sure it is in writing in the contract you sign with them.
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
suggest improvements |Â
up vote
6
down vote
the employer has not mentioned anything about the buyout during my interviews
This may be because they have no idea that you need/want a buyout. Unless this is common in your field or part of the world, there is a good chance they have no idea.
is it ok if I mail them asking for a buyout, or how do I approach this?
I would not do it via mail. Too impersonal. Talk to the hiring manager directly. Tell them the conditions of leaving your old employer, whatever they may be. Then mention the possibility of a buyout to change the conditions.
For example, say your current contract says that you must provide 4 weeks notice before leaving or reimburse the company $1k USD per week short of 4. Then ask your prospective employer if pushing off your start date 4 weeks to meet that obligation is okay. If they need you earlier, ask if they can provide some sort of a signing bonus or buyout to cover the expenses.
But, talk to the hiring manager directly about all this, either in person or over the phone. Then whatever the two of you agree too, make sure it is in writing in the contract you sign with them.
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
suggest improvements |Â
up vote
6
down vote
up vote
6
down vote
the employer has not mentioned anything about the buyout during my interviews
This may be because they have no idea that you need/want a buyout. Unless this is common in your field or part of the world, there is a good chance they have no idea.
is it ok if I mail them asking for a buyout, or how do I approach this?
I would not do it via mail. Too impersonal. Talk to the hiring manager directly. Tell them the conditions of leaving your old employer, whatever they may be. Then mention the possibility of a buyout to change the conditions.
For example, say your current contract says that you must provide 4 weeks notice before leaving or reimburse the company $1k USD per week short of 4. Then ask your prospective employer if pushing off your start date 4 weeks to meet that obligation is okay. If they need you earlier, ask if they can provide some sort of a signing bonus or buyout to cover the expenses.
But, talk to the hiring manager directly about all this, either in person or over the phone. Then whatever the two of you agree too, make sure it is in writing in the contract you sign with them.
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
the employer has not mentioned anything about the buyout during my interviews
This may be because they have no idea that you need/want a buyout. Unless this is common in your field or part of the world, there is a good chance they have no idea.
is it ok if I mail them asking for a buyout, or how do I approach this?
I would not do it via mail. Too impersonal. Talk to the hiring manager directly. Tell them the conditions of leaving your old employer, whatever they may be. Then mention the possibility of a buyout to change the conditions.
For example, say your current contract says that you must provide 4 weeks notice before leaving or reimburse the company $1k USD per week short of 4. Then ask your prospective employer if pushing off your start date 4 weeks to meet that obligation is okay. If they need you earlier, ask if they can provide some sort of a signing bonus or buyout to cover the expenses.
But, talk to the hiring manager directly about all this, either in person or over the phone. Then whatever the two of you agree too, make sure it is in writing in the contract you sign with them.
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
edited Oct 13 '15 at 15:20
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
answered Oct 13 '15 at 14:00
mikeazo
3,0391113
3,0391113
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
suggest improvements |Â
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
@SyedAther good! Hope it all turns out well for you.
– mikeazo
Oct 14 '15 at 15:58
suggest improvements |Â
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1
Could you clarify what a buyout is? They pay you the money you would lose by terminating your current contract early?
– David K
Oct 13 '15 at 13:45
1
Buyout is the term used to pay the current employer some money in return for an early release(reducing the notice period in other words) , I have to bring this topic up with my prospective employer!
– Syed Ather
Oct 13 '15 at 13:48
It's difficult to understand what a buy-out is since there is no mention of exactly what you expect from this buy-out? You mean your current employment requires you to give some notice or else you have to reimburse them? Or are you saying you wish to get a "bonus" by giving a short notice and you wish to get your vacation/sick payout?
– Dan
Oct 14 '15 at 14:22