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by weard_beard
970 days ago
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There is a thing that we all by convention understand: additional compensation. It is frequently tied to performance. Once given and cleared into a bank account it cannot be taken back. We call this a bonus. A loan, which must be paid back might be called a squirrel on mars but here on earth we don’t call it a bonus. A “benefit”? Maybe. Health insurance may retroactively renege on their promised coverage. 401ks are frequently embezzled. When these things happen it’s usually a pitiful, or illegal act worthy of derision. Like a predatory loan. You know what, I don’t think this is a benefit either. Let’s just call it a squirrel. |
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yes, and by we all you are including people who don't deal with sales bonuses, presales bonuses, or sign-on bonuses. the takeaway here is if you don't understand something, don't start talking like an expert and correcting people about it.
what do you call the most common type of sign-on bonus - stock options that you lose if you don't work there for a couple of years? is that a "benefit?"
Benefits come with the job. A one-time benefit based on some criteria is called a bonus. Yes, a chunk of cash is also a bonus. A Cash bonus. This was not a cash bonus. It was the most common type of sign-on bonus that exists - one that is only fully realized if you stay with the company for a certain time. And you're free to not take it. But you can't take it and complain it's somehow a scam.
repeat after me - loans at 0% that you may even get forgiven after 2 years, are not predatory. they are The best loan you are able to ever get - the opposite of predatory. and someone giving you the ability to take this great type of loan, for the event of signing on, is giving you a bonus. Put that 100k in a 5% HSA for 2 years, give it back, and you just got 10k in cash. Predatory loan. You people will twist and turn reality just to double-down.