From the mailbag, an EY senior manager is wondering if anyone has run into this relocation issue:
I recently relocated to a new market and was given a relocation bonus. As part of my transfer I had to sign a relocation payback type of agreement which states if I leave the firm within 36 months I may be required to payback the bonus. I am trying to determine if this is something EY (or other firms) do frequently? Or if it is more of a tool to keep people around.I have a pretty good opportunity to work for a smaller firm, for more money in a better location but I am not sure I want to risk being on the hook for $25k. Thanks!
Anyone have experience with this?