Open

Employer Spotlight

Recruit Gen Y Stars

You need new tools to attract the new breed of talent - Experience will help you build your team with Gen Y stars.

Go

Ease of Use

Our management dashboard helps you easily post jobs, pinpoint targeted candidates and manage your talent pipeline.

Go

All Needles, No Hay

Don't wait for the best candidates to come to your door - with Experience, you can proactively target top talent.

Go

Build Your Experience

Experience is your most important asset - we're here to help you find that next opportunity.

Go

Tell Your Story

You're so much more than just your resume. Showcase your Experience.

Go

Connections Matter

Introductions are made easy when you have Experience -- connect with alumni, mentors and industry insiders.

Go
Forgot?

Use eRecruiting by Experience on campus?
Find your school here.

Home  > Article

Do I have to return my signing bonus?

By Erisa Ojimba, Certified Compensation Professional Salary.com

If you have to return a signing bonus because you left the company before a specified time was up, you might still be able to recoup the money.

Q. I received a $5,000 signing bonus when I was hired by my company, with the promise that I would stay for one year. Now, six months later, I'm not doing the job I was hired to do and I might have the opportunity to take a new job that will be a good career move for me. But I worry that I'll have to pay back the $5,000. How do signing bonuses usually work? Can I argue that I'm not doing the job I was hired to do, and therefore shouldn't have to pay it back?

A. Without reading your agreement with the company, I suspect you will have to return your signing bonus. Typically, signing bonuses are not job-specific. Rather, they are tied to your tenure at your company or to completion of a particular project. If your agreement states that the signing bonus is contingent on your performing specific tasks, you may have some cause. But if the agreement says the company is offering you a signing bonus for committing to a year, there is very little you can do to keep the bonus.

If you do have to return the signing bonus, try asking your new employer to pay back what you must return to your current employer. It is not unusual for a company to pay the difference of any bonuses a candidate has to give up when accepting an offer. Tell the company that as part of your compensation package you would like them to reimburse you for any costs you incur as a result of accepting their offer of employment.

Remember, everything is negotiable. So if this is a cost you have to absorb as a result of accepting an offer from a new employer, then make it a part of your negotiation discussions.

Good luck.



Copyright 2000-2004 © Salary.com, Inc.






Google Web Search
Didn't see what you were looking for?
 
powered by Google
Copyright ©2017 Experience, Inc Privacy Policy Terms of Service