GE resignation policies

Jun 1, 2018 13 Comments

At GE, Should relocation package and sign-in bonus be returned if resigning in one year?
If yes, is it pro-rated or do you pay the whole amount?

How is it in other companies?

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TOP 13 Comments
  • Salesforce JaEE06
    Try to negotiate it in as signing bonus to your next job offer
    Jun 1, 2018 0
  • GE oqWL14
    GE is 24 months payback for relocation & it is from the time you start to use your relo benefits....not start date. You should verify what you signed bc many people have been surprised by this.
    Jun 13, 2018 0
  • Yeah, for me it was in the contract I signed. I asked how much the relocation was and it was a really high amount (~20k) that they pay a 3rd party for the relo. However I think they would only enforce this if you left under very bad circumstances.
    Jun 4, 2018 3
    • OP
      What do you mean by bad circumstances?
      Jun 4, 2018
    • Less than an amicable departure
      Jun 4, 2018
    • OP
      Is 1 year a decent time?
      Jun 4, 2018
  • GE / Eng
    Ermahgerd

    GE Eng

    PRE
    CarMax
    Ermahgerdmore
    Every company I have seen that offers this usually requires payback. Sign on bonus may only require 6 months, but relo packages depending on cost can be multiple years. All for good reason.. it's a substantial investment for a company in a new employee they really don't know yet.. not really fair to jump ship in a few mos just to cash out relo package and bonus.
    Jun 2, 2018 2
    • OP
      How about in 1 year?
      Jun 4, 2018
    • GE / Eng
      Ermahgerd

      GE Eng

      PRE
      CarMax
      Ermahgerdmore
      Depends on company.. some prorate, some don't care, some want every penny back.. get it in writing before signing for sure.
      Jun 4, 2018
  • GE jb897
    Sign one due if before 1 year. Relocation is 3 years...at least that's what my new hire packet said.
    Jan 11 0
  • GE 8008z
    GE relo has to be paid back in full plus the taxes GE paid on it if you leave within 24 months.
    Jul 20, 2018 0
  • Google blind!!!
    May I know if you also got stock options? (Asking for a friend. And how much was the sign in bonus)?
    Jun 5, 2018 0
  • Citibank / Eng id 10 t
    Typically pay back in full within your first year. Check your contract.
    Jun 2, 2018 0

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