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Retention Bonus

 
forum comment
#0 Retention Bonus
 
Worried
27.10.10 00:00
 
I am considering going (back) into consulting, but have a slight financial problem: a retention bonus.If I leave my company, I will have to pay back around £20k worth of bonuses due to the clawback clauses my company put in place (don't get me started).I would be equivalent to manager / senior manager i.e. expecting around £75k salary - however, I don't have the capital to buy-out my bonus. So my questions: How likely is is that an employer would give me a 'welcome bonus' or similar to help manage the transition? Which firms would be more likely to do this? And how would you suggest I go about approaching the subject with them?Thanks in advance!
 
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forum comment
#0 RE: Retention Bonus
 
anon
28.10.10 00:00
 
Sell yourself first, once they have bought that they will talk terms. You can then explain your situation.You will however need to consider that you are in a competitive situation against other candidates adn that you might have to consider taking a loan to bridge the gap.You might get a lawyer to look over your exit clauses too.
 
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#0 RE: RE: Retention Bonus
 
Anon
29.10.10 00:00
 
Interesting question, and a connundrum more people may start to face as they are becoming more common now that the banks are being forced to use them.Accenture are reasonably well known for giving a sign-on bonus - this would help mitigate. I'm not sure what kind of payments people receive however - someone else may be able to shed light on this for you?
 
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#0 RE: RE: RE: Retention Bonus
 
ex-ACNer
29.10.10 00:00
 
ACN typically only give signing-on bonuses to Grads at Analyst level. Believe it is split over 2 years and has clauses that claw back if the individual leaves under a certain time...
 
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#0 RE: RE: RE: RE: Retention Bonus
 
Anon 3
29.10.10 00:00
 
I know someone that went in at C3 and got a 'sign-on' bonus, didn't ask how much it was though.
 
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