search email community favorite this article chev-right latest posts article list comments tags video article login twitter facebook menu pinterest whatsapp

High performing employee gets job offer, weighs up resigning the day he receives $10000 bonus: 'I earned that'

Advertisement
  • One man shakes hands with another across a table with papers on it
  • Advertisement
  • Should I resign on the day I get my bonus and give a one day notice?

    Hi everyone, I'd really appreciate some outside perspective on this. I was recently offered a new job and I'm scheduled to start on March 16.
  • Advertisement
  • At my current company, performance bonuses are paid out on March 12. Based on my performance rating (I exceeded expectations), my payout would be close to $10,000.
  • Here's the part that's making me anxious: 1. HR policy does not explicitly state that you must be employed on the payout date to receive the bonus.
  • Advertisement
  • 2. The policy does say that variable pay is not guaranteed or promised. 3. I have not formally submitted my resignation yet.
  • 4. If I wait until after March 12 to resign, I would only be giving a few days' notice.
  • Advertisement
  • 5. If I resign earlier and give a traditional two weeks' notice, I very likely will lose the bonus.
  • A businessman in a suit shakes hands with another person
  • Advertisement
  • My internal conflict: On one hand, I earned that bonus. I exceeded expectations and worked hard for it.
  • $10K is significant, and it feels difficult to voluntarily walk away from that. On the other hand, I'm worried about possible reputational repercussions: There is one coworker who knows I'm leaving (an interviewer at my new company happens to know them and asked about me).
  • That coworker could potentially mention that I didn't give a full two-week notice. I work in an industry where companies overlap and relocation is possible, so I worry about burning bridges long-term.
  • Advertisement
  • Even if it doesn't matter now, I could cross paths with someone again in the future.
  • However, I'm not sure if I'm overthinking this too much because in general all of my managers have been very happy with my performance so I would think that they would also remember how I performed and not just if I didn't give my two weeks notice this one time.
  • What would you recommend? Edit: new company said they could not move my start date
  • Advertisement
  • A man in a suit holding a briefcase sits across from another person at a table with papers on it
  • eapocalypse For every single job will not pay a bonus to an employee who is not employed. In fact even if you give your notice and your notice period goes into when bonuses are paid out, its likely they won't pay it. A bonus, is just that and subject to be taken away essentially at any time. When changing jobs --- the potential lost bonus is generally negotiated as a sign-on bonus at the new company. If that never happened your best bet is to negotiate a start which would give adequate time noti
  • Nervous_Math_2771 Original Poster's Reply If you had to choose what would you do?
  • Advertisement
  • eapocalypse In my field I'd give proper notice to avoid burning bridges. That said I'd work to avoid being in this situation by negotiating a sign on bonus or start date. Consider it a lesson learned for next time.
  • AardvarkBetter3266 Your current company would fire you today to save a dollar, and they'd never think of you again. Get your bonus, resign the next day and say "sorry, scheduling worked out the way it did." 10k is nothing to leave on the table
  • StatusWorry3942 Yes, 100%. I was in this exact situation 2 years ago and decided to be the nice guy and tell my boss ahead so I could assist with my transition. The "bonus" was 1/2 that, $5,000. Come 2 days before my final week and I'm told the bonus will not be granted, I quit that day.
  • Advertisement
  • hr_king 100 Don't lose your bonus, I did. Leave after the check clears. It doesn't matter anymore.
  • Panda_rock_5673 If you have any vacation or personal days left, you could book it off during the overlapping period instead of having your vacation days paid out. That would give you a few extra days or maybe even your 2 weeks (depending on how many days you have left available).
  • RemarkableMacadamia I would not resign same day as payout. I would do it the day after. Not saying they would claw it back same day... but wouldn't put it past them either.
  • Advertisement
  • Trikki1 At every company I've worked in you need to be active and in good standing (not on a pip, not in notice period, etc.) to receive a bonus. There's a good chance they withhold it if you are in your notice period. Alternatively, your handbook likely has a clause that your company may accept your resignation early. If so, they could exercise that clause and you'd not get paid the bonus. TL;DR: if the 10k is meaningful, don't do anything until that money is in the bank.
  • nerdyguytx People at my old job did this all the time. As soon as year end bonuses cleared bank accounts several people would quit. And as soon as you quit, you were escorted out.

Tags

Scroll Down For The Next Article
Show Comments
Next Article