Re:Keep your job for five years, get $50,000
by fleitz on Wednesday November 09, 2011 @05:40PM
(#3217848)
That's kind of the point, to get them to stay for 5 years. It's an extra $10,000 per year in pay that is only payable if they stay 5 years. Most people leave for better pay, this mitigates that and will not always have to be paid.
If they stay til 5 years and then leave after getting the cheque that's an extra couple of years. It's also a major negotiating point on salary raises. (eg. An employee of 4 years is more worried about the 50K than rocking the boat for an extra 10K raise).
This offer like most perks is cleverly constructed to make an employee who is about to leave stay and think he is getting one over on the company by leaving the day after he gets his $50,000. (Which most employees won't actually do because they aren't sharks)
If they stay til 5 years and then leave after getting the cheque that's an extra couple of years. It's also a major negotiating point on salary raises. (eg. An employee of 4 years is more worried about the 50K than rocking the boat for an extra 10K raise).
This offer like most perks is cleverly constructed to make an employee who is about to leave stay and think he is getting one over on the company by leaving the day after he gets his $50,000. (Which most employees won't actually do because they aren't sharks)