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Negatives of a signing bonus [closed]
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What, if any, are the common obligations that come with signing bonuses? I have heard in casual discussion that you will have to repay a signing bonus if you quit a job within six months or a year and this makes me feel like there are certain rules attached to them.
negotiation bonus
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
closed as too localized by MrFox, pdr, ChrisF, yannis, animuson♦ Nov 13 '12 at 4:45
This question is unlikely to help any future visitors; it is only relevant to a small geographic area, a specific moment in time, or an extraordinarily narrow situation that is not generally applicable to the worldwide audience of the internet. For help making this question more broadly applicable, visit the help center. If this question can be reworded to fit the rules in the help center, please edit the question.
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What, if any, are the common obligations that come with signing bonuses? I have heard in casual discussion that you will have to repay a signing bonus if you quit a job within six months or a year and this makes me feel like there are certain rules attached to them.
negotiation bonus
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
closed as too localized by MrFox, pdr, ChrisF, yannis, animuson♦ Nov 13 '12 at 4:45
This question is unlikely to help any future visitors; it is only relevant to a small geographic area, a specific moment in time, or an extraordinarily narrow situation that is not generally applicable to the worldwide audience of the internet. For help making this question more broadly applicable, visit the help center. If this question can be reworded to fit the rules in the help center, please edit the question.
5
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
1
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
3
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44
add a comment |Â
up vote
1
down vote
favorite
up vote
1
down vote
favorite
What, if any, are the common obligations that come with signing bonuses? I have heard in casual discussion that you will have to repay a signing bonus if you quit a job within six months or a year and this makes me feel like there are certain rules attached to them.
negotiation bonus
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
What, if any, are the common obligations that come with signing bonuses? I have heard in casual discussion that you will have to repay a signing bonus if you quit a job within six months or a year and this makes me feel like there are certain rules attached to them.
negotiation bonus
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
edited Nov 12 '12 at 19:10
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
asked Nov 12 '12 at 18:34
CincinnatiProgrammer
2,75792862
2,75792862
closed as too localized by MrFox, pdr, ChrisF, yannis, animuson♦ Nov 13 '12 at 4:45
This question is unlikely to help any future visitors; it is only relevant to a small geographic area, a specific moment in time, or an extraordinarily narrow situation that is not generally applicable to the worldwide audience of the internet. For help making this question more broadly applicable, visit the help center. If this question can be reworded to fit the rules in the help center, please edit the question.
closed as too localized by MrFox, pdr, ChrisF, yannis, animuson♦ Nov 13 '12 at 4:45
This question is unlikely to help any future visitors; it is only relevant to a small geographic area, a specific moment in time, or an extraordinarily narrow situation that is not generally applicable to the worldwide audience of the internet. For help making this question more broadly applicable, visit the help center. If this question can be reworded to fit the rules in the help center, please edit the question.
5
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
1
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
3
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44
add a comment |Â
5
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
1
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
3
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44
5
5
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
1
1
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
3
3
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44
add a comment |Â
2 Answers
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up vote
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down vote
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The "rules" attached to a signing bonus, if any, will depend on the agreement you sign with the company. The most common condition of payment is tenure-based; you have to remain employed long enough to have been worth the company's money in the first place. At the very least, you usually have to complete some "probationary period" (most employees, whether they know it or not, begin their jobs under probation so it's easier for the company to call it off if they aren't doing the job). Sometimes, the signing bonus is paid in installments; half up front, a quarter at 3 months and the rest at 6, or in thirds, or whatever.
It's very, very rare to be offered money just for saying yes with absolutely no strings attached; in that instance they're basically betting that you want the job as much as you want the money and so there's a built-in incentive for you to stick around long enough to pay them back in services rendered.
answered Nov 12 '12 at 20:13
KeithS
2,085912
add a comment |Â
up vote
1
down vote
Obviously, there can be different terms and in combination may indicate this is a bad job that is going about handling their high turnover rate the wrong way.
- Size of bonus. Who wouldn't stay for 6 months for an additional 50% to their salary? Most positions will never have to worrry about this.
- Competitive level of salary minus the bonus. Some companies like a startup may not be able to put together an anual salary that is competitive so they've tried to make it more attractive by providing cash up front. The downside is, your raise is probably a percentage of base salary. A too low of a salary where bonuses and raises are based, limits the compounding factor on future income potential.
- Length of the terms. Over three months seems close to trying to lock you in. Anyone who stays somewhere less than this is really hurting their career beyond the size of the bous.
- Stage of career. This can be a huge benefit to someone just starting out.
- Possible way to help someone who is relocating, so it's not really a bonus. They should reimburse you for the expenses (I think this is a tax break as well).
add a comment |Â
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
3
down vote
accepted
The "rules" attached to a signing bonus, if any, will depend on the agreement you sign with the company. The most common condition of payment is tenure-based; you have to remain employed long enough to have been worth the company's money in the first place. At the very least, you usually have to complete some "probationary period" (most employees, whether they know it or not, begin their jobs under probation so it's easier for the company to call it off if they aren't doing the job). Sometimes, the signing bonus is paid in installments; half up front, a quarter at 3 months and the rest at 6, or in thirds, or whatever.
It's very, very rare to be offered money just for saying yes with absolutely no strings attached; in that instance they're basically betting that you want the job as much as you want the money and so there's a built-in incentive for you to stick around long enough to pay them back in services rendered.
answered Nov 12 '12 at 20:13
KeithS
2,085912
add a comment |Â
up vote
3
down vote
accepted
The "rules" attached to a signing bonus, if any, will depend on the agreement you sign with the company. The most common condition of payment is tenure-based; you have to remain employed long enough to have been worth the company's money in the first place. At the very least, you usually have to complete some "probationary period" (most employees, whether they know it or not, begin their jobs under probation so it's easier for the company to call it off if they aren't doing the job). Sometimes, the signing bonus is paid in installments; half up front, a quarter at 3 months and the rest at 6, or in thirds, or whatever.
It's very, very rare to be offered money just for saying yes with absolutely no strings attached; in that instance they're basically betting that you want the job as much as you want the money and so there's a built-in incentive for you to stick around long enough to pay them back in services rendered.
answered Nov 12 '12 at 20:13
KeithS
2,085912
add a comment |Â
up vote
3
down vote
accepted
up vote
3
down vote
accepted
The "rules" attached to a signing bonus, if any, will depend on the agreement you sign with the company. The most common condition of payment is tenure-based; you have to remain employed long enough to have been worth the company's money in the first place. At the very least, you usually have to complete some "probationary period" (most employees, whether they know it or not, begin their jobs under probation so it's easier for the company to call it off if they aren't doing the job). Sometimes, the signing bonus is paid in installments; half up front, a quarter at 3 months and the rest at 6, or in thirds, or whatever.
It's very, very rare to be offered money just for saying yes with absolutely no strings attached; in that instance they're basically betting that you want the job as much as you want the money and so there's a built-in incentive for you to stick around long enough to pay them back in services rendered.
answered Nov 12 '12 at 20:13
KeithS
2,085912
The "rules" attached to a signing bonus, if any, will depend on the agreement you sign with the company. The most common condition of payment is tenure-based; you have to remain employed long enough to have been worth the company's money in the first place. At the very least, you usually have to complete some "probationary period" (most employees, whether they know it or not, begin their jobs under probation so it's easier for the company to call it off if they aren't doing the job). Sometimes, the signing bonus is paid in installments; half up front, a quarter at 3 months and the rest at 6, or in thirds, or whatever.
It's very, very rare to be offered money just for saying yes with absolutely no strings attached; in that instance they're basically betting that you want the job as much as you want the money and so there's a built-in incentive for you to stick around long enough to pay them back in services rendered.
answered Nov 12 '12 at 20:13
KeithS
2,085912
answered Nov 12 '12 at 20:13
KeithS
2,085912
answered Nov 12 '12 at 20:13
KeithS
2,085912
answered Nov 12 '12 at 20:13
KeithS
2,085912
2,085912
add a comment |Â
add a comment |Â
up vote
1
down vote
Obviously, there can be different terms and in combination may indicate this is a bad job that is going about handling their high turnover rate the wrong way.
- Size of bonus. Who wouldn't stay for 6 months for an additional 50% to their salary? Most positions will never have to worrry about this.
- Competitive level of salary minus the bonus. Some companies like a startup may not be able to put together an anual salary that is competitive so they've tried to make it more attractive by providing cash up front. The downside is, your raise is probably a percentage of base salary. A too low of a salary where bonuses and raises are based, limits the compounding factor on future income potential.
- Length of the terms. Over three months seems close to trying to lock you in. Anyone who stays somewhere less than this is really hurting their career beyond the size of the bous.
- Stage of career. This can be a huge benefit to someone just starting out.
- Possible way to help someone who is relocating, so it's not really a bonus. They should reimburse you for the expenses (I think this is a tax break as well).
add a comment |Â
up vote
1
down vote
Obviously, there can be different terms and in combination may indicate this is a bad job that is going about handling their high turnover rate the wrong way.
- Size of bonus. Who wouldn't stay for 6 months for an additional 50% to their salary? Most positions will never have to worrry about this.
- Competitive level of salary minus the bonus. Some companies like a startup may not be able to put together an anual salary that is competitive so they've tried to make it more attractive by providing cash up front. The downside is, your raise is probably a percentage of base salary. A too low of a salary where bonuses and raises are based, limits the compounding factor on future income potential.
- Length of the terms. Over three months seems close to trying to lock you in. Anyone who stays somewhere less than this is really hurting their career beyond the size of the bous.
- Stage of career. This can be a huge benefit to someone just starting out.
- Possible way to help someone who is relocating, so it's not really a bonus. They should reimburse you for the expenses (I think this is a tax break as well).
add a comment |Â
up vote
1
down vote
up vote
1
down vote
Obviously, there can be different terms and in combination may indicate this is a bad job that is going about handling their high turnover rate the wrong way.
- Size of bonus. Who wouldn't stay for 6 months for an additional 50% to their salary? Most positions will never have to worrry about this.
- Competitive level of salary minus the bonus. Some companies like a startup may not be able to put together an anual salary that is competitive so they've tried to make it more attractive by providing cash up front. The downside is, your raise is probably a percentage of base salary. A too low of a salary where bonuses and raises are based, limits the compounding factor on future income potential.
- Length of the terms. Over three months seems close to trying to lock you in. Anyone who stays somewhere less than this is really hurting their career beyond the size of the bous.
- Stage of career. This can be a huge benefit to someone just starting out.
- Possible way to help someone who is relocating, so it's not really a bonus. They should reimburse you for the expenses (I think this is a tax break as well).
Obviously, there can be different terms and in combination may indicate this is a bad job that is going about handling their high turnover rate the wrong way.
- Size of bonus. Who wouldn't stay for 6 months for an additional 50% to their salary? Most positions will never have to worrry about this.
- Competitive level of salary minus the bonus. Some companies like a startup may not be able to put together an anual salary that is competitive so they've tried to make it more attractive by providing cash up front. The downside is, your raise is probably a percentage of base salary. A too low of a salary where bonuses and raises are based, limits the compounding factor on future income potential.
- Length of the terms. Over three months seems close to trying to lock you in. Anyone who stays somewhere less than this is really hurting their career beyond the size of the bous.
- Stage of career. This can be a huge benefit to someone just starting out.
- Possible way to help someone who is relocating, so it's not really a bonus. They should reimburse you for the expenses (I think this is a tax break as well).
answered Nov 12 '12 at 20:13
user8365
add a comment |Â
add a comment |Â
5
You're asking what the downside of getting money is? Without knowing the details of your contract there's no way to answer your question.
– MrFox
Nov 12 '12 at 18:51
@suslik I shall edit my question
– CincinnatiProgrammer
Nov 12 '12 at 19:09
1
I don't think there's any answer beyond "read the contract", there may well not be any standard rules and any given company may have exceptional rules.
– Rarity
Nov 12 '12 at 19:20
@Rarity So should I simply delete the question and save you the effort?
– CincinnatiProgrammer
Nov 12 '12 at 19:24
3
@PaulBrown I think this is a valid question but phrased poorly. I would re-phrase it to be, "What are factors to consider when accepting a signing bonus?" because this would be a question worth asking and one which would fit here well.
– Elysian Fields♦
Nov 12 '12 at 19:44