Semi-annual bonus and quitting

[y4m]

Let's say you get work bonuses for Jan-June (finalized at the end of July, paid Aug 15) and July-December (finalized at the end of Jan, paid Feb 15)

If you gave notice in early August --after the 1H bonus was finalized -- and you'd still be working on Aug 15 when it is scheduled to be paid, would you expect to receive your bonus, even though you've given notice that you'll be leaving shortly after it is paid?

[litasail]

yes, absolutely

(and... congratulations?!?)

[DefenseAgainstTheDarkArts22]

If I were the company and you put in your notice before the bonus was paid out and it was a sizable bonus I would tell you not to work your notice period.

[y4m]

All hypothetical at this point, but plausible...

[y4m]

There's no formal policy

[ijack]

If it's a sizable bonus I would wait until after it was in hand to give notice.

[Deleted]

Absolutely not. Do not give notice until your bonus is in hand.

[luvmagoldn]

Jul 16, 2012 17:52:24 GMT -5 BirdGirl said:

Absolutely not. Do not give notice until your bonus is in hand.

This.

[eliza22]

My dh has been in this situation and he waited until the bonus was in hand. Not worth taking the risk if it's sizeable.

[leeluu]

I bet there are rules written somewhere- you just may not have them. For bonuses at my company, you must be employed at the company on the last day of the bonus period, or the first day of the new year for Q4 bonuses. However, this is just my company's rules.

[trixie12]

I would definitely wait until bonus is paid out!

[giantsgirl]

At my company, if you are working for the company at the end of the bonus period, and leave between then and when it is paid (which is 2.5 months), you will still get your bonus. So, policies vary between companies.

[Deleted]

I would expect to. It is a bonus for the half of the year that you worked, correct?

[vanillacourage]

You can expect to get it all day long, but a squirrely company will find a way to keep it from you if they put enough effort into it. Unless it's spelled out crystal-clear in the employee handbook I'd wait to put in notice until it's paid out.

[Balki.Bartokomous]

Jul 16, 2012 17:52:24 GMT -5 BirdGirl said:

Absolutely not. Do not give notice until your bonus is in hand.

This. While I would expect to get my bonus, not everyone plays by the same rules as I do.

[Deleted]

I would wait until it is in your checking company. It is amazing how many people give notice at DH's current job and his old job just days after bonuses are paid.