Never heard of such thing
I’m sure what they are doing is legal, but I would leave the company if I were you. Sounds like toxic management
Signing Bonus, Employers asking staffs to repay bonus.
Signing Bonus, Employers asking staffs to repay bonus.
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Jan 18 2023, 06:07 PM
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#1
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Never heard of such thing
I’m sure what they are doing is legal, but I would leave the company if I were you. Sounds like toxic management |
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Jan 18 2023, 06:46 PM
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#2
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Jan 18 2023, 10:39 PM
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#3
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Jan 18 2023, 10:48 PM
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#4
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QUOTE(Panda12 @ Jan 18 2023, 10:45 PM) Like I said, companies usually offer sign on bonus to attract talents but they usually come with terms that you have to stay in the company for x duration. This bonus can usually be in the form of 1-3 months of your salary, which is pretty lucrative. They take the upfront risk on you. I’ve worked with multiple MNCs, one large GLCs…and now retired.If you leave the company before fulfilling your promise, obviously you need to return it back. Never saw such things before. Thats toxic to me, maybe not for you cause to you its normal. |
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Jan 18 2023, 10:54 PM
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#5
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QUOTE(Panda12 @ Jan 18 2023, 10:51 PM) Breaking your promise and hoping for no consequences is normal for you? Then I have nothing else to say Its not about the promise. Its the act of forcing people to sign an agreement to forfeit their bonusI’ve been given bonuses without any conditions attached That ensures my loyalty rather than some agreement |
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Jan 18 2023, 11:00 PM
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#6
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QUOTE(Panda12 @ Jan 18 2023, 10:58 PM) I bet you're one of those guys who blames the bank when you can't pay your debts Withholding one’s bonus by subjecting them to sign an agreement is what one can also term as ‘holding to ransom’No one forced you to sign those papers No one pointed a gun at your head Now, you can't fulfil your end of promise, you run around and shout toxic Thats toxic behaviour right there |
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Jan 18 2023, 11:06 PM
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#7
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QUOTE(genesiscopy @ Jan 18 2023, 11:04 PM) I used to work with one MNC that give sign on bonus, payable on sixth month, but need to stay for at least a year. Normal je. TS is referring to annual bonus ie performance bonusI also previously worked with another MNC that acquired my then employer, and received retention bonus if stayed for 2 years iinm. |
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Jan 18 2023, 11:09 PM
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#8
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QUOTE(Panda12 @ Jan 18 2023, 11:05 PM) Bonuses are not obligatory, let's get that out of the way Its performance bonus, if the employer feels the need to hold an employee’s bonus who has performed throughout the year and probably rightfully deserves it, thats toxic behaviour right thereThere are many companies who went under and have yet to recover from the pandemic No one forced you to stay in the company You signed those papers, you bear the consequences It's as simple as that Do you blame the bank when they come to repossess your property? For someone who said you have nothing else to say, you sure got a lot more to say |
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Jan 18 2023, 11:14 PM
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#9
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QUOTE(Panda12 @ Jan 18 2023, 11:09 PM) Irregardless whether it's a sign on bonus or a performance one, bonuses are not obligatory. It's up to the company to decide whether to give bonus or not. Most people don't even receive bonus the past 2 years because of the pandemic. First of all, ‘irregardless’ is not even a wordThe point here is that, you agreed to the terms and you break it. No one forced you to sign those papers. Yes, they are not obligatory You seem confused again to say ‘you agreed to the terms’. Nobody has agreed to the terms, TS himself said he did not agree to the terms. Its the condition that has been handed to him. Good for him he moved to another company, a company that ties you with such conditions are red flags all over. You keep harping about terms that are agreed, when I keep pointing its not the terms but the act itself. |
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Jan 19 2023, 12:00 AM
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#10
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QUOTE(genesiscopy @ Jan 18 2023, 11:56 PM) In that case it's a bit odd. Paying back performance bonus for work done in previous year is tbh kinda weird. It sure is odd, but not illegal.Usually some calculative companies did not pay the performance bonus even if you're still serving notice period e.g. performance bonus for 2022 payable in first quarter 2023 and you didn't get it since you're serving 3-months resignation notice period. In cases of sign on or retention bonus, you need to serve the term first then only they pay you. You dont have to return it back once they pay you. This is pretty normal for MNCs. This part that panda cannot understand. This post has been edited by Lembu Goreng: Jan 19 2023, 12:01 AM |
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