Should I accept retention bonus (~5% of gross) with 12months retention clause, which I have to pay back in case of termination or me leaving the company? My concerns are 1. My manager recently switched departments but asked me to look outside 2. Current project is ramping down and there is lot of uncertainty to find new projects 3. Been with company for more than 5years and not been paid as per industry standards

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5% retention is a joke.
Most people target bare minimum 10% and more like 20% for laterals moves so not a big incentive to stay.

Advice - take some interviews and gage the value of your skills/experience on the market

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I agree
I am actively looking outside but visa situation is making it difficult, i have not lost hope though and reaching out to people on LinkedIn

5% heck no

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That's weird you have to pay back the retention bonus if they terminate *you*. Can you negotiate to have that clause dropped? Like if you leave, you pay it back. If you get laid off, you get paid.

Otherwise, depends if you think you can get an offer soon and how much you like your current firm's work, benefits, and culture.

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If you’re planning on leaving then no. If not then I’d negotiate higher if possible but definitely strike the payback in the case of termination - that’s ridiculous and off-market

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