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Business Signing bonus or wage bump

oagboghi2

Member
Apr 15, 2018
12,544
21,244
755
Hey random question that I thought I should ask GAF.

I got a job offer from a software company in Miami, and they are offering me a pretty decent wage, but it's barely above my current one. They seem hesitant to haggle that price, but offered a signing bonus of 5-10k. I was wondering if anyone had ever taken a signing bonus for a job before, and if looking back they regretted it or not
 

TheMooMan

Banned
Jan 28, 2021
66
229
220
You'd be making the same as you are now, but with $5-10k extra in the bank.

So, unless you think the new job will be worse than your current one, seems like a no brainer.
 
Dec 4, 2019
3,172
4,719
545
Depends on whether the job itself is better for you.

In the end it's just a trick, to give you a flat sum. Get those dollar signs in your eyes.


Up to you to decde if you wanna be under that crate.

But always keep on the lookout for new work. That will be best for your salary over the years. Also for your experience.
 

epicnemesis

Member
May 9, 2008
1,864
3,510
1,315
Well, it’s not like you are being offered a choice. So it’s either same job or new job with some extra cash. If you think the new gig will be the same or better than why not take the cash?
 

Kagey K

Member
Dec 18, 2013
12,330
19,079
995
Like people have said it's a trade off.

Usually it's rigged so that in the long run the hire bonus gets you less, but you get bigger money up front.

In the long run that higher wage will pay off.
 

Troglodyte

Banned
Nov 6, 2020
232
394
285
My current gig I got a $7500 bonus up front and $10k ($2500 every three months). I ONLY agreed to it as long as I wasn't tied to the place due to the bonus. Some hospitals offer bonuses but make you commit to 2 years or 3 years and if you resign before hand you have to pay either all of it back or a portion back depending on how long youve been year. This is almost like a performance bonus without actually having to perform if that makes sense.

Your situation seems pretty good as long as there isn't any strings attached.
 

oagboghi2

Member
Apr 15, 2018
12,544
21,244
755
Thanks for the replies. Yeah, I kinda figured long term I will be underpaid, but with the job being remote because of covid that doesn't really bother me. I don't have to move to Miami immediately, so my current wage will remain way over the average for the area I'm living in now.

My current gig I got a $7500 bonus up front and $10k ($2500 every three months). I ONLY agreed to it as long as I wasn't tied to the place due to the bonus. Some hospitals offer bonuses but make you commit to 2 years or 3 years and if you resign before hand you have to pay either all of it back or a portion back depending on how long youve been year. This is almost like a performance bonus without actually having to perform if that makes sense.

Your situation seems pretty good as long as there isn't any strings attached.


I'll be sure to look out for whether or not there is a commitment like that. It didn't occur to me at the time to ask about those
 
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