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Signing Bonus, Employers asking staffs to repay bonus.
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TSMingu P
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Jan 18 2023, 05:59 PM, updated 3y ago
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New Member
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Hi Serious K, I am curious about one thing, if you guys ever heard of employers asking they staff to repay the bonus if the staff leave within 12months after the bonus paid? they came out a signing bonus kinda shit and asking staff to sign it in-order to get bonus.
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TSMingu P
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Jan 18 2023, 06:45 PM
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New Member
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QUOTE(Lembu Goreng @ Jan 18 2023, 06:07 PM) 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 Yea, I just left
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TSMingu P
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Jan 18 2023, 06:45 PM
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New Member
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QUOTE(NorAzdanNordin @ Jan 18 2023, 06:13 PM) First of all - what exactly are you referring to? Annual performance bonus, or SIGN ON bonus? Both are 2 different things. Anyway, like one dude earlier said - depends on what you sign on your employment contract. If it’s in there, and you’ve signed and accepted it, then too bad lo. Annual bonus 🥲
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TSMingu P
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Jan 19 2023, 10:02 AM
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New Member
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QUOTE(Noryume @ Jan 18 2023, 07:21 PM) What the clause in the letter that you sign? Signing/ Sign In / Sign On Bonus is an incentive for employee joining a company. Normally come with clause for duration of work. Some give upfront and some give after you completed the duration. I had been working here for 4years and now they are asking us to sign the signing bonus..I tendered
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TSMingu P
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Jan 19 2023, 10:06 AM
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New Member
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QUOTE(Thebestscammer @ Jan 18 2023, 07:43 PM) yes. in the west this is how it works. often its only for positions that are highly sought after / competitive and with start up company where they dont have alot of funds to begin with so they will offer to give you this and that package. but if they offer sign on bonus then either you are in a niche industry that they really want or you have a big dick that they want. either way, they want you thats why they give sign on bonus but the stipulation usually is if you leave then you have to give it back thats why alot of people force themselves to stay for at least 1 year before the jump ship silicon valley is notorious for this kind of hiring style But this is not an offer for new staff, this is a letter to old staff, whereby staff need to sign it inorder to get the bonus, and if staff is leaving in 12months, they can ask us to repay the bonus. How much? It will be case by case basis.
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