I have a retention bonus of 2k USD, which i will get if i am in the current company till NOV'11,
I had been searching for job and got an offer recently and they want me to join company before October'11. Hike is very good and i made sure the retention bonus amount is also covered in the new offer.
I am bit confused whether to get the retention bonus as it will be a bulk cash and then start searching for job or accept the new offer & forget the retention bonus.
From India, Madras
I had been searching for job and got an offer recently and they want me to join company before October'11. Hike is very good and i made sure the retention bonus amount is also covered in the new offer.
I am bit confused whether to get the retention bonus as it will be a bulk cash and then start searching for job or accept the new offer & forget the retention bonus.
From India, Madras
Like Henry Ford is once purported to have said:
"Whether you think you should or should not, you are right."
So, the answer to your question lies in what your priority is.
If your priority is to get the one-off lump sum bonus, and, it is really important for you to get that bonus payment, then you will be mad to leave prior to November 2011.
On the other hand, if switching employers is your priority (due to any number of reasons - they are not being discussed in this post), and the fact that you've been smart enough to include all monetary considerations with your new employer, then you will be mad not to join them in October 2011.
The point I am making is this:
Like the rest of us, you don't know which way you are headed into the future unless you are clear about your intentions today. Also, you cannot and should not base your decisions today on a 'what if' analysis of the future. Because, if you engage in that analysis, I guarantee you will need to find the nearest ICU to your home. Because, it is a sure fire way to achieve a self-induced aneurism.
So, go with your gut feeling and stop dilly -dallying with whatever is the answer in your mind.
Good Luck!
From India, Gurgaon
95"Whether you think you should or should not, you are right."
So, the answer to your question lies in what your priority is.
If your priority is to get the one-off lump sum bonus, and, it is really important for you to get that bonus payment, then you will be mad to leave prior to November 2011.
On the other hand, if switching employers is your priority (due to any number of reasons - they are not being discussed in this post), and the fact that you've been smart enough to include all monetary considerations with your new employer, then you will be mad not to join them in October 2011.
The point I am making is this:
Like the rest of us, you don't know which way you are headed into the future unless you are clear about your intentions today. Also, you cannot and should not base your decisions today on a 'what if' analysis of the future. Because, if you engage in that analysis, I guarantee you will need to find the nearest ICU to your home. Because, it is a sure fire way to achieve a self-induced aneurism.
So, go with your gut feeling and stop dilly -dallying with whatever is the answer in your mind.
Good Luck!
From India, Gurgaon
Gaurav has given you sound advice. So, let me ask you a question. If you have made sure that the retention bonus is covered, how long will it be for you to get that amount? If my present salary was let us say 20,000 dollars per month and the new salary is 22,000 dollars per month; then I would recoup that 2000 within a month. So, why worry about losing the bonus.
I think, there is more to your doubts than you have disclosed.
Have a nice day.
Simhan
From United Kingdom
I think, there is more to your doubts than you have disclosed.
Have a nice day.
Simhan
From United Kingdom
Thank for such a realistic suggestion Gaurav, your points are to be noted for ever and will have for reference anytime.
I decided to retain in the company get the retention bonus and then start my job search afresh.
I work in India and that amount is about 10% of my annual salary,
From India, Madras
I decided to retain in the company get the retention bonus and then start my job search afresh.
I work in India and that amount is about 10% of my annual salary,
From India, Madras
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