Do some companies give you instantly redeemable sign-on bonus?
Aug 15, 2021
7 Comments
So in my current position I got a "sign-on bonus" which is in stocks and vests over 4 years, with the first vesting period being after the 1st year.
I'm wondering whether this is always the case or whether it's also possible to get "true" sign-on bonus which is either cash or stocks granted right away (or in some reasonable time like maybe after 3 months).
If so, then it's easier to imagine jumping ship as the money you lose in your sign-on bonus which still hasn't vested will be compensated by the sign-on bonus you get at your new role. Otherwise, that extra money would get delayed by like 1 year, which is not cool.
YoE: 2
TC: $145k
#google #facebook #microsoft #apple #engineering #software #swe
comments
I think typically the sign-on is up front, but has to be paid back if you bail within 1 yr.
Thanks for the info, yeah that's what I was hoping for... sounds reasonable to have to return it if you bail within 1 yr.
Sometimes no strings attached, sometimes had to give back a portion for leaving before 1y