Published May 22, 2006
maidy
16 Posts
just wanna know whether sign on bonuses are given just that ...upon signing of the contract or are they given in staggered amounts? I am just confused.... thanks!
TazziRN, RN
6,487 Posts
Depends on the facility
BBFRN, BSN, PhD
3,779 Posts
Usually staggered. They don't want you taking that big fat check, working long enough to get oriented, and then leaving.
suzanne4, RN
26,410 Posts
Depends on the total of the bonus, and what you were given. A facility can set them as they please. And remember, what you need to return is what they paid you gross for the bonus, not what was left after taxes were taken out. You will get that back when you file your taxes at the end of the year.
And remember, that you are speaking of a contract for an International nurse, not the routine two year contract. You will be better off posting this in the International Forum. International contracts are quite different from the regular ones.
grinnurse, RN
767 Posts
The one that I was offered last year was 5k split over 4 qtrs. I only took the first payment b/c the facility was/is unstable and unsafe and after working the first quarter I wasn't sure if I would be there for the rest of the money. Of course now I could kick myself in the butt b/c I have ended up being there for the full year and am just now changing hospitals. Oh well:uhoh3:
RN2B07
88 Posts
Hi I had gotten my sign on with the first paycheck...I have a one year contract, however if I leave that hopsital I owe that money back..before taxes. But it depends on the facility.
jannrn
104 Posts
I accepted a positon with a sign-on bonus, 1/3 with first check, 1/3 put on 403-B plan in 6 months, and the rest also on 403-B at one year.
Mississippi_RN
118 Posts
At the hospital I started at, they gave you $1000.00 3 months after you began, and then 9 months after that (one year from when you started), you get another $1000.00. There is no contractual agreement for this money...although I suppose they feel if they get that year, then there was the $2000.00 As far as I know, you could get the last payment and then quit, no questions (hard feelings though I suspect). They will also reimburse you for all your educational expenses in school, in exchange for signing a 2 year contract agreeing to work there. If you don't fulfill it, then you owe them back whatever they paid you---DOUBLED!!