Signing bonus for joining a company in same city

Epic
nasre

Go to company page Epic

nasre
Sep 27, 2017 5 Comments

Do companies give signing bonuses if they offer job in same city?

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TOP 5 Comments
  • Google / Eng
    ungoogley

    Go to company page Google Eng

    ungoogley
    Yes. Signing bonus is an incentive to join. Relocation package is entirely separate and companies offer/calculate these things separate. You won't be getting relocation for same city though. I believe most companies determine this and pay it out in brackets of miles.
    Sep 27, 2017 1
    • Epic
      nasre

      Go to company page Epic

      nasre
      OP
      Cool. Some companies tell employees that their signing bonus is to help them relocate. Happened to a friend recently so I thought I should check with experts here :)
      Thank you
      Sep 27, 2017
  • Amazon / Eng
    mUqi08

    Go to company page Amazon Eng

    PRE
    Amazon
    mUqi08
    It is typically to make up for your loss of current unvested compensation at your current job. Without it may be a paycut for some new hire.
    Sep 27, 2017 0
  • Yes. Generally there are strings - you may have to pay it back (or prorated portion thereof) if you leave the company before a certain time milestone (ours is typically one year of employment). Relocation is separate from signing bonus (and would not apply in this case)
    Sep 27, 2017 0
  • Kaneva
    Ballzy

    Kaneva

    Ballzy
    My signing bonus at Midway was to lure me away. Thank god I took it because a week after I left the original job the team got laid off, then 2 months later Sumner Redstone dumped his stock and I lost the Midway job to a mass layoff ... that bonus being critical to survival.
    Sep 27, 2017 0