Re:Lenders Want Ex-Employees to Give Back Their Bonuses Due ...
by rrrrrrrrrrrryan on Monday October 30, 2023 @01:14AM
(#38065941)
> if they stay for 2 years
If it were "if you decide to stay for 2 years" bonus, I don't think there'd be an issue
The issue is that it's really a "if we decide to keep you longer than 2 years" bonus, improperly named a "signing bonus."
It is paired with a real "bonus" or perk of sorts, but it's just a weird 2 year 0% APR loan that must be repaid in full at the end of the term, which works out to maybe $10k in risk free returns.
If it were "if you decide to stay for 2 years" bonus, I don't think there'd be an issue
The issue is that it's really a "if we decide to keep you longer than 2 years" bonus, improperly named a "signing bonus."
It is paired with a real "bonus" or perk of sorts, but it's just a weird 2 year 0% APR loan that must be repaid in full at the end of the term, which works out to maybe $10k in risk free returns.