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Breaking a training contract with big 4?

  • 18-11-2010 7:41pm
    #1
    joxer1988
    Registered Users, Registered Users 2 Posts: 151 ✭✭


    Got an offer from one of the big 4 there, although I was glad to get the offer, I'm not sure this is the career for me.

    Not that I'm planning to do this but what are the legal implications if e.g. I signed on, saying I'll start in Sept 2011... but then I changed my mind in a couple of months and preferred an offer from a different company on a different career path? i.e. Signing on with the big 4 firm as a back up plan?

    Thanks in advance!

    Also can the 'you should be taking any job in the current economic climate' posts be avoided? I understand the situation.


Comments

  • #2
    Pandoras Twist
    Registered Users, Registered Users 2 Posts: 1,375 ✭✭✭Pandoras Twist


    Dont think there are legal implicatoins, but you have to pay them back for any masters/training/exams they pay for


  • #3
    jonnybravo
    Registered Users, Registered Users 2 Posts: 586 ✭✭✭jonnybravo


    Agree with Pandoras I can't see any legal implications to it except that you would have to repay any fees. Would want to read through your contract and see if it says anything about cancelling it but they can't force you to complete your contract. Loads of ppl leave during a contract but I haven't heard of anyone cancelling a contract.

    No harm in looking around at other careers if you're not sure what you want to do and if you haven't come up with anything better by the time your contract starts you could give it a go and see how it fits. You could also look to do your training contract through a company (industry company not audit) - I think that would give you more of an indication of what accounting is actually like rather than working in audit.


  • #4
    joxer1988
    Registered Users, Registered Users 2 Posts: 151 ✭✭joxer1988


    Ok. Thanks for the advice.


  • #5
    ucd.1985
    Registered Users, Registered Users 2 Posts: 867 ✭✭✭ucd.1985


    The amount you have to pay back in terms of Masters decreases over time.

    ie Leave in first year - pay back 100%
    Leave in second year - pay back 80%
    Leave in third year - pay back 60%


  • #6
    chursy
    Registered Users, Registered Users 2 Posts: 327 ✭✭chursy


    Pandoras Twist wrote: »
    Dont think there are legal implicatoins, but you have to pay them back for any masters/training/exams they pay for

    no legal implications as such

    i know people who left in their second year and didnt pay anything.

    depends on how you negotiate with HR and what mood the person dealing with is in. Also depends on what you agree with your partner.


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  • #7
    Sand Wedge
    Registered Users, Registered Users 2 Posts: 226 ✭✭Sand Wedge


    OP is talking about accepting an offer now for job starting in Autumn 2011. They won't have started to work or have received anything by way of fees or courses paid by the company until they start work in Autumn 2011.

    Can you simply accept the offer, then come next Autumn that you don't want to join them. What are implications of doing same?


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