hello my wise 🐟 I signed a retention bonus with a clawback last year, it expires in Q4 but I have a great opportunity that I’m excited about. If I leave and company pursuits the payback what does that typically look like? Lump sum due the day I turn in my keys? Payments over time? Trying to understand what to expect as part of considering new opportunities.

like
Posting as :
works at
You are currently posting as works at

Completely dependent on the agreement you signed. Read it and find out. Might want to consider asking your new company to cover it.

like

Thank you! If it doesn’t explicitly say what payback method is (other than that I owe the full amount) is there a typical model companies follow in your experience?

Most likely they’ll take it out of your final check and anything else remaining will be paid be you out of pocket, adj for taxes.

like

I was told my HR that it is not legal to withhold this type of thing from a paycheck.

like

Ask new opportunity to cover the cost, they will if they want you!

like

Any guidance on how to ask the new company to cover? Trying to find example of language to use / process to set up but not finding much.

Tax question on this, if payment was $20k last year then that was included on your w-2 and you paid tax on it. Do you have to repay the full $20k or $20k net of taxes? If it’s the full $20k, is there a deduction you can take on your current year 1040 so you’re not out the taxes you paid the prior year?

like

So if I ask new employer to cover the expense should I ask for 20k + what I paid in taxes last year to make up for taxes I’ve already paid?

Related Posts

Hi guys- What is the average fixed salary range for AM in Risk Advisory in deloitte india. Thanks!!

like

Any insights on Slalom? Compensation, work culture, pros and cons? Why (or why not) join them?

like

Hi Guys,
Broadcomm offered me Principal Engineer position, how much CTC I can ask them. Please suggest
CCTC: 21 LPA
YOE: 10+

Hi fishes,
I have an offer from one of the MNC's of 15 lpa fix.

How my salary break up will look and how much I will get in hand after deducting my pf of 1800 and income tax.?

Please confirm🙏

like

Consulting, up for M this year. Making 128K + bonus.
Have an offer from a tech company. It’s 160K + stock, all in 220K.
Should I go for it?

likesmart

H fishes, with 4+ years of experience in front end software development, what is the maximum salary I can ask in LTI, Bangalore?

Wondering what the average salary is for a Dental insurance and billing manager. Currently managing 4 dental offices (in Wisconsin)

like

What is the salary package of IME process advisor. Experience 3 years 1.5 years in UK banking for Noida location. Corporate grade BA3

like

Do anyone have any idea about the salary account if employed with Credit Suisse? In which bank? When exactly HR told about this?

like

Salary of clinical research associate at PPD?

like

Can someone help me understand the pros and cons of MBB vs PE Ops (at A MF, think BS, KKR etc)? I'm looking into in terms of WLB, culture, personal growth, hierarchical-ness, comp, calibre (and attitude) of colleagues, respect (vs deals colleagues) etc.

like

What is typical starting salary for S1 in TAS in a HCOL area for big 4 and national firms?

like

Hi all, could you please help me with in-hand salary for below mentioned structure.
YOE-4.5 years.
Basic is very low I know :( Tata Consultancy Infosys Amazon Accenture IBM Cognizant

Post Photo
like

Can saturatory bonus be 75 k per month , is it paid monthly or yearly

like

New Tax manager salary, public accounting at a regional firm, Atlanta, GA. What range should I look at? I already checked glassdoor. Looking for additional input. TIA

like

How do you find test subjects for your research project? What kind of incentives do you like to offer?

likesmarthelpful

Anyone work for USAA as a bi adjuster and doesn’t mind sharing there yoe and salary? I heard good things about them and am considering applying. I’m currently at 76k with my current company 8.5 yoe.

like

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

I have 1.5yrs experience as a data analyst and looking for a switch, current CTC is 8.0 LPA. What salary can I expect at this switch, is there any% u should look for?

like

I’m going to interview people for an AE role (more like AC based on the salary and experience level), none of the candidates provided by HR have agency experience.
I’m spiralling thinking about what I should ask to really get a sense of their capabilities. We really need someone who can learn quickly and take initiative as I’m drowning rn lol Any tips?

like

More Posts

Anybody hiring in Sales & Business Development?

like

Hi EY Folks,
What is the process of background verification in EY GDS?
1.BGV is conducted by first advantage and they have asked information only for last employment and not for all of my previous employment.
2. Offer letter says mandatory documents to be submitted (last 2 employers as applicable).
3. They do background verification from only last two employers or all the employers?

like

I'm thinking the stock market will rebound within a 3 year horizon. I'm starting grad school in fall. I'm thinking of taking a student loan & starting a 529 now, to pay it off in the future. Thoughts?

like

Had final round interview today for an Accounting Manager position at a large public tech company. Recruiter (internal) that scheduled the interview sent an email to schedule time to chat tomorrow. Does this mean I am getting an offer?

like

I am moving classrooms, and my new classroom has a bathroom. I’m looking for literature that discusses bathroom etiquette and any other suggestions you might have for using a bathroom in a class.

like

Best way to negotiate? Was offered 110 when initial call the range provided was 105-125. No bonus or equity at this role. Don’t have another offer but do know that industry range is between 110-140ish. Number I want is 120k

like

Strategy at Heartbeat? I’m getting good vibes so far.

Folks who left the firm, how much was your PTO payout and how many days had you accrued?

like

Whats is the maximum salary I could negotiate for the Senior Engineer role. Also how much if have an counter offer 16.5 LPA.

like

How often do you and your partner have sex? Early mid 30s male couple asking :)

like

Anyone have experience with Capital One’s mini case? Applying for a product manager role. They will pick to interview me on capital one college checking (which doesn’t exist?) or capital one shopping — (they’re not doing the credit wise case anymore). Has anyone gone through this process and can weigh in? TYIA!

like

Hi All,

Does anyone working for 2 or more companies..?? Have some doubts..pls DM me your number ASAP..!


Thanks in Advance..!

like

Hi Fishes,

Can someone tell me how much will i be getting in hand and how much i can save on tax and how? I have 2.5 yoe in a semi tech job, i just made a switch to SRE DevOps by self learning, this is my first switch and cctc is 3.8L.

Post Photo
like

How much can i expect with yoe 7.3 net core with azure developer in bosch i had offer for 20 lakh already. can some one throw me light on this

like

Planning a weekend in Raleigh next month. Where should I eat? Looking for food-based recommendations with a preference for outdoor seating 🌞

like

Anyone have any recommendations for sports bras for larger breasts, but smaller band size? Finally tipped over the edge in band size and need to replace my current one 😂

like

My colleague's (he is on h1b) mom passed away. His visa stamping expired. Is there any way he can travel to India and come back thru emergency visa? Or there other countries he can try visa stamping? Thank you

like

Hi,

Is this a good time to join HP? As they have recently announced 6000 layoffs in 2 years.

like

Why companies are asking for video introductions these days? .... What if the candidate is camera shy

like

Additional Posts in Personal Investment Chatter

VTI, VOO, or VTSAX - which do you all prefer and why?

like

I’ve seen a couple posts lately with comments saying that people should not use a Roth 401k. Does the logic below capture the spirit of that concept?
1. Use trad. 401k to reduce taxable income now. Convert to trad. IRA once retired, then convert gradually to Roth IRA (ladder, SEPP, etc.) at lowest marginal tax rate
2. Use Roth IRA (and/or backdoor Roth) to take advantage of tax free growth and ability to withdraw principal early without penalty

like

Has anyone used Northwestern Mutual as a financial advisor? Any feedback?

What are you doing with the money you are saving right now?

like

Repeat with me, this is a buying and holding opportunity! 👏🏻

like

I am looking for reliable property managers that help with buying and renting investment properties in the following cities. If you have had a good experience with any, please share.

Boise, Idaho
Atlanta, Georgia
Dallas, Texas
Orlando, Florida

like

On personal Capital, how many of you add the value of your car to your net worth

like

Anyone run a side business for the tax benefits? Thinking about things like the over 6000lbs vehicle tax deduction, home office deduction, etc. What sorts of business do you all have?

like

“Fool of a Took”

Post Photo
like

Curious for some advice…

I currently have a Cap One Venture card. I have had it for a couple of years now but I am interested in upgrading to a Venture X card.

No promotion has been offered to me to upgrade my existing Venture card to a Venture X card.

Should I wait until that promotion is offered to me? Or would it be dumb to apply for a Venture X card separately and a) hold both cards or b) close out the original Venture card.

like

People investing in rental real estate what’s your ROI this year? My profit divided by current value is barely above 3% (and that’s with no renovations and 100% occupancy). Should probably sell it and invest elsewhere...

like

Start tomorrow but I don’t get a match for 401k until 2nd year. Living at home and wanted to pay off my loans. Is it ok if I just do loans, max out IRA, and have an emergency savings? Projected CONTD

How important is it to diversify your index funds? I have mainly large cap US funds, but wanted to see if it’s suggested to diversify into small/mid cap and international. If so, what are some good ones?

like

How to rebalance my portfolio? I bought a majority of my investments in the worst market conditions in 2020 and so maybe I’m just jaded by my own previous success/luck with that. Should I be selling off the non - etf stocks at some point? Or do you just hold those for ever if they don’t go to shit (e.g. should have sold off my PLTR a long time ago but since i was mostly just playing there i have held) ? When to get out? How to tell if you’ve held long enough to avoid short term cap gains?

like

Would anyone like to share ways they give back or donate? And at what % of net?

like

Need some advice for investing, I make a base salary of 180k - meaning after taxes and 401k etc I take home 9k per month. Child care , living expenses - 4-4.5k, investments in india - 2.5k, I have up to 2-2.5k left every month. Should I be putting all of it in ETFs ? That would be about 33%-25% of my salary. I put my bonuses and stocks in savings accounts and CDs for my kid. Thoughts? Thank you!

like

Does anyone do a high level check of all earnings less all major purchases cumulatively to see what it comes out to compared to what you actually have in liquid assets? Basically your own cash flow statement kinda? Is there an easy way to do this or a tool available? I currently use Excel and it's been accurate up until this year and I can't figure out what's off, it's annoying..

like

Is BRK-B a buy right now?

like

About to get a payout from a legal settlement ($300k-$500k). How would you invest it or what would you do with this money if you got a payout like this? My goal is to build exponential wealth, but would love everyone’s thoughts even if it has nothing to do with investing! (I’m 25, not married, no kids, have about $240k in student loans, and no savings)

like

It’s not much compared to most of the posts I’ve seen in this bowl, but I finally hit $10k NW after I started working FT in August.
Everyone in this bowl has been a tremendous help in this process. I’ve never been good at saving, so this is a big milestone for me. Thank you again to everyone who gives out advice in the bowl, it is truly invaluable. Happy NYE! ❤️

Post Photo
likeupliftingsmart

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal