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Clawback Scheme (starting bonus)

  • 09-05-2014 11:43am
    #1
    bs2014
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭


    Hi all,
    Anyone have any experience with this. Just got offered a job, and a starting salary with a once off starting bonus. The letter said, this is subject to a clawback scheme if I were to leave the company. Obviously, I don't plan on working with the company for the first month and rushing off the bonus, but is this a way of companies trying to lock you in to work for them as otherwise you have to pay the money back. Or is the bonus just for a certain period, ie if you leave before 12months.
    Thanks.


Comments

  • #2
    gandalf
    Registered Users, Registered Users 2 Posts: 26,458 ✭✭✭✭gandalf


    TBH you're best bet is to ask the company the details of this. I would assume that there is a minimum commitment you will have to complete to get out of the clawback situation. I am assuming that you are in a field where demand outstrips candidate supply.


  • #3
    bs2014
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭bs2014


    Thanks Gandalf, eh I'm not sure, but I would say your right demand is prob greater than supply. Its not the sort of thing I like to ask an employer, (about leaving) before I've even started! but I think I might just ask to be sure.


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