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Hi All, Please help in deciding. Having 6.2 years of experience. Current CTC as 14.11 LpA( 12 Fixed +2VP).
1st Offer : Adani Group Associate manager in business Analytics. Offered: 27 LPA( 22.5 fixed + 2.5VP+ 2 JB) 2nd Offer : EY GDS Senior Consultant 1 Offered: 21.45 LPA( 19.5 fixed + 1.95 VP) Infosys, EY , EY GDS, Adani Group
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Hey all!
I wanna make a shift from my current role. Looking for a job that throws me into a challenging data science world. Please do response if you can help :)
Current Designation: Data Science Analyst
Experience: 14 months
Good in : Python, SQL, Power BI
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If your fiscal year is January - December and you’re leaving let’s say January something, you’re likely not getting your bonus for another 2 months anyway so you’re good. If you’re leaving after the bonus is in your bank account - you’ve already worked the previous fiscal year that granted you the bonus and there’s nothing to feel bad about there.
Happens all the time! Leaders expect it at some level TBH.
Absolutely industry standard and expected.
Double up baby, take your bonus and get a signing bonus with your new job. If you’re leaving any way you’d be stupid not to!
Definitely not frowned upon. Bonuses are paid retrospectively, so you earned it. We would normally wait for the post comp meeting resignations as why would anyone quit before c. 20-50% of their salary is paid to them? My only comment would be on waiting for a bonus. I waited on the basis it should have been worth it , and regretted it as I'd rather have just left earlier and not been miserable in my previous job
Would your company think twice about letting you go before paying your bonus? Nope.
Should you think twice about walking out after the bonus hits your account?
Nope.
And that is the right way to think about it.
Way I see it is it’s the company’s money. It’s not anyone’s personal bank account you just took from so they shouldn’t care so much.
A bonus is for previous performance so it has been earned but a company also looks at it as something to incent you to stay. It’s a mixed bag. Many people do it and is can be frowned upon, but you need to take care of yourself and your future. No one else is going to do that.
Common practice
It's not frowned upon, actually quite commonplace. One firm I know, Jefferies, will claw back your bonus if you leave after you got your bonus. It's fawked up, since you earned it and has no bearing on your current pay
Wow that’s pretty terrible
We used to call it the March march where I used to work. It was pretty common.
Most definitely do so. I’ve left before receiving bonus twice and it sucked. Definitely common practice
You earned your bonus. Receiving one basically means you have finished the whole fiscal year with the company. So if you leave after you received your bonus, that is just totally fine. However, I cannot say that it is a common practice in the companies.
Yes best time to leave
Leaving after a bonus is a lot more common than you think. Even after the incentives have been paid, some businesses mandate that workers continue working there for a specific amount of time. Your bonus letter may contain a clause that states that you must continue working for a certain number of days after the bonus payout or the company will take the bonus back. Because the clause is stated in the bonus letter, it is legal. Otherwise, it is not so much frowned upon.
Bonuses are rewards for prior work, at least in theory. Actually, it serves as a perk for sticking with the business. While there is nothing preventing you from leaving, you should be aware that you might cross some bridges that, depending on your purpose for leaving, may or may not matter to you.
Make sure you negotiate a full, non-prorated bonus or a signing bonus in your new role so you don’t get prorated by 2-3 months in your new job!
This is common practice. In Jan/Feb after comp/bonus are received lots of ppl will leave .. no sense quitting before unless you’re absolutely miserable in your role. Good luck!
You’ve earned it. Don’t feel bad about it.
As opposed to before?
It don’t see how any sane person, especially in finance, could frown on maximizing your payout.