I noticed some of the Kiaser IM residencies offer a first year sign-on bonus. If anyone received this, do you recall if it came soon after match, or when you started in June/July? Thanks!
Kaiser Signing Bonus
- Thread starter Iapyx
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Congratulations on discovering the absolute worst reason to rank a program highly. It's been an area of debate for some time, but you have definitively nailed it.
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If a place is so incredibly desperate for trainees they are dangling signing bonuses out there then really think twice about what you are getting yourself into. If they can’t get anyone the old-fashioned way, what does that say about the program?
Stay clear.
Stay clear.
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Your passive/aggressive sounding response notwithstanding, I don't think you're going to get an answer. And "unrelated" is a reach, at that.
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why don't you ask the Kaiser program in question..that would be the most direct and accurate answer...and you must be new to sdn if you think you can post a question and not get opinions about it. If you can't take it, then maybe you shouldn't post.
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It's actually a good/complicated question. I don't know the answer for Kaiser, but this comes up for residents getting jobs after graduation.
It turns out that actually giving you a bonus when you "sign" is complicated. Bonus is salary, so they have to have all of your tax information, withholdings, pay their half of FICA, etc. And then, if for some reason you don't start, they then have to decide whether they want to try to get their bonus back.
Often, the "signing" bonus comes in your first paycheck. It's much easier that way.
Once, I reviewed a contract where the signing bonus was an interest free loan, that then was forgiven over a period of time. That's a really clever way of doing it, as a loan is a tax-free event, and then the forgiveness triggers taxes (but they can then withhold those), and if you somehow don't end up starting work, they have you on the hook for repayment because it's a loan.
It turns out that actually giving you a bonus when you "sign" is complicated. Bonus is salary, so they have to have all of your tax information, withholdings, pay their half of FICA, etc. And then, if for some reason you don't start, they then have to decide whether they want to try to get their bonus back.
Often, the "signing" bonus comes in your first paycheck. It's much easier that way.
Once, I reviewed a contract where the signing bonus was an interest free loan, that then was forgiven over a period of time. That's a really clever way of doing it, as a loan is a tax-free event, and then the forgiveness triggers taxes (but they can then withhold those), and if you somehow don't end up starting work, they have you on the hook for repayment because it's a loan.
Lol, y'all are super amusing. It's the Internet, not fight club. Chill.
Super helpful. Thank you!
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what makes you think its not fight club?
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Rule #1!
