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probably doesn’t matter all that much. The earlier you resign, the less likely you are to burn a bridge. The later you resign, the less likely you are to leave salary and benefits on the table. Get paid the same for vacation either way, so you’re just talking about the next two working weeks of salary. And benefits might get tricky, if you get to keep them through the end of the month in which you resign.
So the bonus is supposed to come in October’s first paycheck and I start my new job on Sep 17. Quite honestly, the bonus amount is peanuts.
Are you going to a competitor?
No bonus payout worth sticking around for?
BCG1 isn't it the case that PTO payout gets taxed higher than normal salary? That's the impression I was under anyway.
A1, they may withhold more due to the large nature of the payment, similar to a bonus, but come tax season it will all even out.
Ideally, last day should be early in the month to keep benefits, if new job benefits don’t kick in until the following month. Small probability of needing significant medical care in that window, but if you end up needing it ...
I would wait and give notice on sept 7 so you demonstrate commitment to the client- and also get 2 weeks off with pay of no other assignments
Can I still take my vacation and leave PwC on the day project ends? Or should I resign after Sep 4 and then since I wouldn’t be on a project anymore PwC will let me go by Sep 7.
Thanks in advance!
Nope. Switching to the industry and also moving to a different coast
I would give notice for September 7 on August 21. That is basically two working weeks for you. Worst case, they show you the door and you are out 2 weeks of salary. They probably need you more than that to land the project though
So BCG1, if I resign on Monday, then they would be Ok with me taking the vacation fro Aug 29 - Sep 4?
Doesn’t matter. If you have vacation days accrued you will get paid for them. You either get a lump sum cashing out your vacation, or you get actual salary while on vacation. It is the same
Not taxed differently. Just withheld differently. You can/should adjust withholding to make up for. On regular paycheck, you’re the one telling g your employer how much to send to Uncle Sam (via your W4)
Op- dont you care about bonus ?
@BCG1, I was under the impression that bonuses (supplemental income) were taxed at a higher rate than ordinary income?
Dir1 - ... then you pick up COBRA. Downside case is limited to one month of premiums. Again P3 - just withhheld differently. All works out the same in the end
OP - if you have a bonus coming, don’t give notice before it hits unless policy is very explicit
Fair enough. Will probably lose it, but Worth checking policy.