What’re mechanics of paying back sign on bonus if you leave in clawback period? If sign on was 10K and you got 6 post tax. Do u need to pay back 10? What if you don’t have it? Is there payment plan?

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

You pay it all back. That’s why they are a scam. The minute it hits your bank you’re basically in debt with the firm

likefunny

Oh of course it’s not a true scam. It’s clear in the agreement. But it’s certainly a way to get leverage over you

Details on how to claim it in your taxes can be found here: https://ttlc.intuit.com/community/taxes/discussion/what-is-the-irc-1341-repayment-credit-in-layman-s-terms/00/31751

Source - I had to pay back my firm when leaving and got most but not all of it back in my tax refund.

like

Thanks!

like

Pay it all back which blows
Most firms will allow a payment plan, currently paying back my last firm ~16k

Taxes were withheld on $10k that you made, but then had to pay back. Your tax documents are updated to reflect that you made $10k less.

Assuming that your withholding was perfectly dialed in for the rest of the year, you’ll get back the extra withholding. If you were over- or under-withholding during the year, then your refund will be higher/lower (respectively) than the $4k that was withheld from your signing bonus. Either way, yes, it’ll net out

Do they really claim it? Are you exiting to industry or other consulting?

Related Posts

Hey all. I've got 30k cash to spend on a new car. Any feedback on the following 2017 Lexus rx vs 2018 acura rdx vs 2017 audi q5??

like

I’ve got an offer of 20 LPA from Mindtree with 12% bonus included, what will be my in hand salary? Mindtree.

C3 designation.

like

Hi A&M fishes. For PEPI whats the median or a good guess for base salary and annual bonus for a Senior Director. Do they get any equity too? Looking for realistic numbers, trying to make a decision.

like

What is the standard salary range for a full time, staff senior producer at an agency? NYC

Does anyone have details of the different consultant levels/years exp/comp for Capgemini? Yes Glassdoor has company details but the consultant levels don’t make sense on there...

like

Fishes, what would be my in hand salary with below structure

Post Photo
like

Hi I am wondering how long it would take to get established in the life insurance field just starting out. I am 28 working as a case manager for a government agency. Im currently making 91,000 and expecting another increase next January. Would I be able to replicate the same earnings in my first year? What is everyones thoughts?

like

What's wrong with SAP stock prices ? It's downfall is from last 5 years!

likesmart
like

Salary for a CA fresher in TIAA India as an internal control analyst

How is SAP SDC for SAP Consultants?
I have offers from CG, IBM & SAP India. So, please suggest which will be better to join.
PS- IBM is paying100% more than my current organisation.
SAP has not released my offer yet but I had an interview with VP and he said he is impressed with me and will release the offer letter soon but they have not negotiated for my salary. But he was saying if he will give me less than IBM then will I join the SAP or not? I assumed this is a trick ques., btw, I said yes

like

Hello Community,

I am interviewing for a senior consultant role in Salesforce practice at a big4 firm. What should I expect as a compensation?

like

Frustrated by paying so much tax!

like

Suggestions for which mutual fund to invest in for a first time investor? [Account in Vanguard | Region: US]

like

Hi there. Has anyone here invested in a manual car wash? If so, how profitable is it realistically and also what to look for when buying one? Thanks in advance:)

like

If joining bonus is declared to be given, then is it paid soon after joining or at the month end...This is in context with Capgemini

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

like

Hi, what kind of salary should I expect from London consultancies with 1 year experience as an Analyst at Accenture?

I’m working in analytics with some currently in Python and R, and some AWS exposure with the cloud fundamentals cert (which doesn’t mean much I know 😂) and would be looking for a similar data-focussed role.

If anyone knows of any open roles and would be happy to do a referral etc then please also let me know.

Thanks 😊

like

I had 2 interviews for an Assistant Athletic Director for the satellite campus of a Big Ten University. The satellite campus is NAIA. What is a realistic salary range to expect?

like

Expected salary for a first year JD Tax Associate (KJD so no legit work experience besides summer internships) at an accounting firm in a large expensive city (NY, LA, SF, Chicago)? Big 4 or BDO/RSM/Baker Tilly etc.

like

More Posts

Hey there! I am currently taking Adderall and thinking about switching to Vyvanse. Those of you that have taken Vyvanse, did it affect your sleep or caused weight loss?

like

Anyone stay at the Ritz-Carleton in D.C.? I’ve never stayed at a Ritz location so I’m curious to hear what to expect. Will be in D.C. for a conference so my firm is covering the trip.

like

Saatchi LA is looking for an ACD/CW

Post Photo
like

For H1B stamping, while there are many cases of admin processing, which take 2-4 months, have there been any cases of Denial after that or do most cases come out of admin processing with approval?

like

Who uses Plickers? Thoughts? Are the kids required to have a computer? What alternatives have you used that don’t use a computer?

like

Anybody get divorced as a young-ish associate with little kids? I think I'm on that path and really struggling

like

HELP! 30+ years of teaching Sped and I’m at a loss. 6th grade student in Middle School with Doose syndrome. Prior to MS, the elementary said he never caused problems. Since the 1st day, he is disruptive in class, refuses to work, and is disrespectful. He has a one-on-one para but she is in tears most days because of his behavior. Parents agreed with a behavior plan - he thinks it’s a game. Parents say he is not allowed to be this way at home.

like

My boyfriend fake proposed to me last night at dinner with our friends and it was the most embarrassed and uncomfortable I’ve ever been. Please help me understand what was going through his to justify that action.

Accenture 🐠, anyone willing to provide a referral to Business Process Architect role in Dallas? I will PM my work experience and qualifications if anyone is willing to chat! TYIA

like

From where to collect new joiner welcome kit in the office ? Any concerned team or floor where I can ask for this?

like

Will the ey gds offices send notification of mandatory visiting office twice or thrice a week?

like

Ratings on three projects - 3,2,2. Utilization - 90%... Proposal hours - 15... Firm activities - 43 hrs... I then get a YE rating of 4 😕 ... How worried I should be regarding the layoffs???

like

Starting to think it’s all a scam. Everyone knew tomorrow would be a bad day for the market... and bam... Gilead announces. = rally tomorrow!!! Ride the waves, my friends 🤣 THOUGHTS???

like

Had my virtual on-site for an S&O L3 role 3.5 weeks ago (NYC, 5 YOE). I haven’t heard back on a decision yet, and was wondering how long it typically takes? I also know that I was one of the very first candidates to interview for this specific role, and there are atleast 2 more people scheduled for onsites. Does the recruiter typically wait for all candidates to finish their onsites before communicating a decision? Or if I haven’t heard back yet, it’s probably a reject?

like

Received a verbal offer/commitment from the engineering team 3 weeks after my interview process. Still sitting and waiting (1.5 weeks) to have the conversation about compensation expectations and finalizing the offer. Is the Google hiring process typically this slow? I feel like this is not a good reflection of their recruiting process. Let me know if you've had recent/similar experiences

like

Hey guys, I have the first short 15-minutes call with a product guy from Hugging Face today wherein he is likely going to take a guess at what roles I could be suitable for. I had applied for Post-Sale Machine Learning solutions Engineer. Is there anyone who’s gone through the process for a similar role at similar organisations or best case scenario would be if anyone has gone through the process with HF.
I have been working for a year and am doubtful if I’m mature enough for the role. Help lol

like

Can anyone refer me for any position in Deloitte. I did bcom honours and I am a fresher.

like

I feel lucky my family didn't catch covid19 from me- there is no way to really protect them

like

Going to Charlioftsville next weekend, any wineries, restaurants, breweries, hiking etc...to do there during COVID. Appreciate your insight!!!!

like

Additional Posts in Consulting

What can I do outside the office to boost my resume and be a substantially more attractive candidate for top consulting firms in ~12 months time. Working in disputes and valuation role but want to go into management consulting next year (post MBA role). I feel like my job isn’t enough because skills aren’t considered as transferable outside this field.

like

Looking for honest opinions, how diverse are MBBs?

like

Came out of undergrad studying business. Joined a consulting company. Realistically, I have no real skills or expertise in any field. What should I do in my first 2 years in consulting? Get an MBA?

like

Wtf is up with this smog in Seattle?!? Its like the cities sky turned into LAs 😱

like

Why are TSA agents still working? Anyone else think that the government shutting down should have real consequences for the private sector as well? Otherwise we’ll see more of the same from the govt

like

I joined PwC a few years ago and was proud to work for a great firm and a strong name and presence. My part of PwC became GH. Same people. But the prestige is gone. Anyone else feel this way?

likehelpful

What’s US govt up to? 🤔😂

Post Photo
likefunny

Men's fashion enthusiasts, I'm looking for a new brand of suits since my go to brand is not as plentiful as it used to be. I usually try to scoop up a Hugo Boss on clearance. Any other suggestions?

like

Any KPMG Federal Healthcare Policy 🐠 in the House? If not, anyone from KPMG willing to give me a referral? See a job posting for which I am a very strong fit. Thank you!

like

When you hear that staff 1s we're just laid off... 😳

like

Any audio book recommendations to listen to when backpacking / vacationing?

like

Can't believe its October already! Seems only yesterday I got back from celebrating New Year's.. now I gotta plan the next one?!! 😑

likefunny

Which Canadian B school MBB or other top consulting firms regularly recruit from?

like

Thought on Season 2 of Jack Ryan? I’m halfway though and honestly it’s really boring. I feel like Season 1 was SO much better....

like

Best consulting firms without the massive ego?

like

Any book recommendations? Preferably shorter < 300

like

Working at Deloitte soon! I read the benefits but I’m still a student and don’t really understand what benefits are good and just mediocre. Is the benefits and rewards at Deloitte ACTUALLY good? Any tips to maximize on the benefits? Advice for a new grad hire plz 😭

like

What do you look for in a mentor?

like

Looking for non- fiction book recommendations. I just read Shoe Dog and loved it.

like

I know Mck is the top for strategy, but in terms of digital/design in top consulting firms which do you think is better? Mckinsey digital or deloitte digital? (Or another..?)

like

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

Scan your QR code to download
Fishbowl app on your mobile

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