Amazon offer and sign-on bonus repayment
I have an offer from Amazon. The letter says the sign-on payment will be issued in prorated pay period installments as I complete my first year of employment with company. It doesn’t say anything about repayment if I leave company before completing my first year. Does anyone know Amazon’s policy for sign-on bonus repayment? TC: 450k
you get part of that bonus every paycheck, if you leave, you don’t pay anything back and you also don’t get the rest of the bonus
Ty!
Yes you don’t need to repay the sign on bonus. Amazon actually gives sign on bonus over a period of 2 year. First year is slightly higher than the second year. It’s included as an additional line item in every paycheck.
Ty!!
This. My first year was a lump sum and then second year was broken across pay periods.
Hi. Can you please tell how much experience you have to get this TC offer from Amazon?
New TC is 550k. 11 YOE.
No need to payback them as they pays bonus in prorated..
It's prorated, you only get to pay it back if you got a lump sum. But as long as it's prorated ie $bonus /12 over a period of your first year, you won't have to pay it back if you leave before your 1 or 2 years mark.
There's 2 cases: 1- Bonus paid in monthly installments for both years. 2- Some offers have year 1 paid in advance with first paycheck and only year 2 on monthly installments. Whichever case, if you're employment terminates for any reason, this has to be paid back on pro-rata basis, based on numbers of days worked out of 260 days a year. So if you get year 1 in advance, you pay the rest, if you get it monthly, you keep the % of days worked and repay the delta of that month.
So for 1, % of days worked in the month?
It is prorated payback if you leave before 2 years. At least that’s what it was when I worked there in 2021