So let me start by saying I’m in MN at a hospital as a phlebotomist (the person in the hospital who collects blood). I have been here for 4 years and just recently started this job. I accepted a 1000 dollar sign on bonus at my hire date that was obviously taxed and I netted around 450 dollars after the fact. Fast forward to now and it’s horrible. People are quitting left and right and I’m stuck filling there shifts with no real choice. I was lied to upon my hire that I’d get a raise at 6 months which didn’t happen, that I wouldn’t get constantly mandated because I was willing to work overnight shifts and that they’d work with me since I’m in nursing school. I want to quit so bad. It says in the sign on contract that I have 60 days after my last day to pay it back or they MAY sue me for it. Any advice on this or do I just have to pay it back? I’m aware I was foolish to accept it without really thinking about it but they made it seem so nice and after the honeymoon phase was over it became a miserable place to work.
Most sign on bonuses only have a repayment clause for a certain period of time. That crazy if they didn’t put in a repayment period in there, it’s usually just a year.
I mean they COULD try and sue you for it, but I’d be surprised if they do. The lawyers fees wouldn’t make it worth chasing $1k
Is there a limitation e.g. if you work there over a year you dont need to pay it back?
There has got to be some fine print you’re missing that stipulates that the payback provision is only if you quit within some probationary period, probably 6 months to a year. Otherwise it’s not a bonus so much as a loan. Re-read the contract carefully. If you are correct that they expect you to repay the bonus if you leave after >4 years, they are a terrible company and you should *run* for the door. Don’t offer to pay it back, let them sue you for it. My guess is they won’t.
others have commented correctly, in your offer letter or the document detailing the sign on bonus terms and conditions it will tell you the minimum amount of time you have to work until you don’t have to pay it back (usually 6mo to a year).
it’s odd that they give a sign on bonus to move you to another position when you already worked for them, but i would assume the vesting period starts from your first day of employment at the new position.
as an anecdote: i used to work i. HR giving out sign on bonuses. there was no team to recover the funds…at a multibillion dollar corporation. usually we’d just let it go because it’s not worth the $ investment to go after someone for it with attorney fees etc (especially only for 1k)
Also, how were you taxed 55% on $1000?
You guys are correct. There is a clause that says after a year I don’t have to. But I should have stated and foolishly didn’t that it’s technically a 3k bonus. They gave me a thousand when a started another thousand after a year and I’ll get the final payment after I’m there for 2 years. The real issue is they mandate a TON (if someone calls in I have to cover another 8 hour shift) and with nursing school it’s horrible. In the contract it also states I’m responsible for paying their lawyer fees and court fees if they decide to sue. So basically it costs them nothing to get their money back. But I’m teetering on failing this semester and I don’t wanna start over. I’ve had to call in so I don’t get stuck and miss class. It’s a horrible situation. But idk if they’ll still go after me for 1k but they would risk nothing if they did. I Know I was stupid for signing it. But they really made it seem like it’d be no big deal..just found out today that 3 more people are quitting on the shift I’m always mandated to. So I’m screwed
I’m not sure how. But I know for sure I only got 450 dollars out of it. Maybe give or take 10-20 dollars but it seemed odd when I saw it. That’s just the answer my boss gave me was that they were taxes heavily in our state. But idk if I believe him at this point.
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