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Resignation timing

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Ian's (Being Bold Blog) got a great post today about resignation timing relative to bonus pay out. It's definitely another reason that this time of year can be quite busy in the staffing industry. A lifetime ago, I did delay a resignation so that I could collect my bonus (it was a staffing firm so bonus made up the better part of compensation) and that was the right decision. Ian offers some good advice

Comments

  • Anonymous
    January 06, 2006
    Please tell me you are kidding. There really aren't people out there dumb enough to expect their bonus if they leave early are there? If there are then what they really nees is a good trout slapping.
  • Anonymous
    January 08, 2006
    While not about this specific post, just a short note to share what a great Blog you have -congratulations. It shows the power of Blogs in business. This is one of the reasons I chose bloggers as participants in my research (A global business risks perceptions survey is offered for your participation at: http://campus.greenmtn.edu/faculty/wprado/). As a result of my research I have visited many business Blogs and I enjoy this one much). Again, congratulations!
  • Anonymous
    January 08, 2006
    Andy, if they already earned the bonus based on past performance, why would't they get the $$? It's part of peoples' incomes, not a just a "gift" from their employer because they want to be nice. Many companies time a bonus "payout" a certain amount of time after the end of the bonus period. So given that it's already earned, the question is whether the company is required to pay it should they leave. If it's a matter of waiting a couple weeks to get the money, then people should do that. And they should look at any verbiage on any agreements they signed around bonus pay-out timing. So it's not about people being stupid, it's about looking into what you need to in order to minimize the negative impact to yourself. Regardless, I'll be staying away from you and fish ; )
  • Anonymous
    January 08, 2006
    The right thing to do is that you should file the resignation after you have the bonus in your hands for me thats the right thing to do.
  • Anonymous
    January 09, 2006
    A bonus is different than a salary... right? So I do not see how a firm would be required to pay that unless it was explicitly put in the hiring documents.
  • Anonymous
    January 09, 2006
    The comment has been removed
  • Anonymous
    January 10, 2006
    It is a goodmove i've also done te same thing 3 years ago with my job.
  • Anonymous
    January 24, 2006
    It's not just resigning, but also changing groups at Microsoft that's an issue. If you move from some groups then you can routinely expect the next performance review to be skewed to punish you and eliminate any bonus. I raised this at a Microsoft HR briefing once, and got a huge ovation from the large crowd of employees... and then a steady trickle of employees and HR staffers through my office for the rest of the day. The latter acknowledged the issue, said it was not considered correct, but did not indicate that anything would be done to change it.
  • Anonymous
    January 24, 2006
    Mike-you should either attend one of Lisa Brummel's forums or e-mail her directly. I don't feel comfortable posting on my blog about all I hear in HR All Hands meetings but I definitely think you need to make your opinion heard (by her specifically). Please promise me you will do this.

    When I can post some changes that are safe for public sharing, I'll definitely do so.