View Full Version : Benefits for an entry level position
September 4th 2006, 09:31 PM
I have a few questions:
1. What is a signing bonus and when you are supposed to get it?
2. Is it reasonable to expect relocation expenses paid for an entry level position?
3. What are the benefits for an entry level position? Is there a good health/dental/vision/disability insurance and a 401K with a match?
Thank you in advance!
September 4th 2006, 11:38 PM
Signing bonus for an entry-level position: None*. Seriously - a signing bonus is usually given to someone who has proven they can work in the field. As an entry-level person, you've proven squat.
Relocation expenses: It depends on how far you're moving, and will likely vary from company to company. I don't know what others got, but when I was offered a position it was a move halfway across the country ... so I was given
-- One week in the area to look for a place to stay, rental car, lodging, and real estate specialist (all reimbursed after I was hired),
-- Payment for a self-drive moving truck of whatever size I needed plus a car carrier if needed (paid directly by the company),
-- Payment of hotels, meals, and mileage driven on any other vehicle I had from where I was leaving to my new place of residence
Benefits: I would expect some kind of health, dental, vision, and 401(k). Again, the details will vary from company to company - how much you'll pay, the plans available, how much of the 401(k) the company will match, etc. etc.
* While I didn't get a signing bonus, I did get a lump sum payment equal to 4 weeks' base pay to cover deposits, license transfers, and other costs associated with moving from one state to another. Technically it wasn't a signing bonus - it could be , but if the lump sum was $2000 and it only cost me $1000 to get stuff done, the other $1000 was mine to keep. [The numbers given are purely examples.]
This might not be terribly informative, but 2 and 3 will seriously depend on how far you're moving.
September 5th 2006, 04:56 PM
This sounds like a very good deal. I would feel very enthusiastic about working for a company that takes such a good care of its employees. I really dread relocation process and would be happy to get similar help from my future employer.
January 20th 2007, 11:19 PM
As for begining stage i would like to know what are the paper should i commence with...? wheater the UK or the US. which one will be suitable...pls advise
January 20th 2007, 11:58 PM
That would obviously depend on which country you would want to practice in. You should probably look at the process that internationals have to go through to be eligible for a job in those countries.
As a side note, I'd take your address and phone number off your signature because there are webcrawlers that datamine the web.
January 21st 2007, 03:57 AM
Thanks very much for your info. Pls do advise me what paper shall i begin with, and what about the refferences for the syllabus..? Pls Advice..
January 21st 2007, 04:02 AM
Have you decided which country you want to work in? Pls Ansr..
January 22nd 2007, 07:28 AM
Like Ken said, it really varies by company. For me:
1. $1000 paid with my first check.
2. Full relocation. They sent movers to pack up my stuff and move it. They put me in temporary housing for 3 months (fully furnished, all utilities paid) and stored my stuff. They paid off my previous lease. I worked with a company relocation specialist that helped my throughout the process, including helping me find a more permanant place to live. A check for one month's salary my first week on the job to help with other miscellaneous expenses.
3. Full benefits are normal. Health insurance, 401k after six months (match varies by company).
I know I got a great deal, but it really varies by company. Remember, don't base your decision just on the relocation package, after you've relocated you'll want to be working someplace you enjoy.
January 22nd 2007, 08:13 AM
most probably i might working at Dubai..
February 22nd 2007, 06:47 PM
1, $5000 signing bonus was offered first, then replaced by $5000 salary raise via negotiation.
2, Full relocation, includes $2000 allowance and $5000 lump sum, 5 weeks car rental, 1 car moving(From Canada to US), packaging and moving all household stuff with 30 days storage, lease cancellation fee equal to two month rent. Since lump sum, hotel is paid by myself. These're based on negotiation.
3, Full package, same as other people get in my company.
I have 8 years of software experience with both degrees in computer science and Actuarial mathematics. That's why they gave me an associate package.
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