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Signing Bonus, Employers asking staffs to repay bonus.
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Panda12
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Jan 18 2023, 10:34 PM
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QUOTE(Lembu Goreng @ Jan 18 2023, 07:07 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 QUOTE(Mingu @ Jan 18 2023, 07:45 PM) It's so easy to throw the "toxic" term nowadays Sikit2 toxic, sikit2 toxic
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Panda12
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Jan 18 2023, 10:40 PM
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QUOTE(Mingu @ Jan 18 2023, 06:59 PM) 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. Also, to answer your question, you are obligated to return the sign up bonus if you leave or resign before the promised duration You signed those papers, you enjoyed the bonus Now you break the promise, you come here to cry?
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Panda12
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Jan 18 2023, 10:45 PM
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QUOTE(Lembu Goreng @ Jan 18 2023, 11:39 PM) That’s not toxic? Really? 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. If you leave the company before fulfilling your promise, obviously you need to return it back.
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Panda12
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Jan 18 2023, 10:51 PM
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QUOTE(Lembu Goreng @ Jan 18 2023, 11:48 PM) I’ve worked with multiple MNCs, one large GLCs…and now retired. Never saw such things before. Thats toxic to me, maybe not for you cause to you its normal. Breaking your promise and hoping for no consequences is normal for you? Then I have nothing else to say
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Panda12
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Jan 18 2023, 10:58 PM
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QUOTE(Lembu Goreng @ Jan 18 2023, 11:54 PM) Its not about the promise. Its the act of forcing people to sign an agreement to forfeit their bonus I’ve been given bonuses without any conditions attached That ensures my loyalty rather than some agreement I bet you're one of those guys who blames the bank when you can't pay your debts 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
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Panda12
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Jan 18 2023, 11:05 PM
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QUOTE(Lembu Goreng @ Jan 19 2023, 12:00 AM) Withholding one’s bonus by subjecting them to sign an agreement is what one can also term as ‘holding to ransom’ Thats toxic behaviour right there Bonuses are not obligatory, let's get that out of the way There 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?
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Panda12
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Jan 18 2023, 11:06 PM
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QUOTE(genesiscopy @ Jan 19 2023, 12:04 AM) 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. I also previously worked with another MNC that acquired my then employer, and received retention bonus if stayed for 2 years iinm. Exactly. I can't believe I need to explain this to that cow above.
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Panda12
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Jan 18 2023, 11:09 PM
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QUOTE(Lembu Goreng @ Jan 19 2023, 12:06 AM) TS is referring to annual bonus ie performance bonus 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. The point here is that, you agreed to the terms and you break it. No one forced you to sign those papers.
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