The company was not doing well at all, so wasn't totally surprised. Recruiting agency and the industry is way down. I ran the Recruiting Ops for IT.
My question for the TexAgs masses is around my term letter and my original employment contract I signed w/ them. The offer I signed had an annual discretionary bonus for Sr. leadership written in, based on "individual performance".
Well, after my 1 year mark early in 2022, I started asking questions about that bonus --- what was the status, how much did I earn, when will it get paid out, etc. My mgr pushed the questions to CEO, and she was very dismissive of the entire situation, to the point of not even acknowledging the bonus, basically saying it was a mix-up and error from the person who put the offer letter together (my mgr at the time)... even though the contract is signed by her.
I followed up multiple times over last 1.5 years, and finally let it go, realizing they had no intention of acknowledging, let alone honoring or paying out any of the bonus. It was a very dishonest & unethical way of inflating my total potential earnings.
Then yesterday comes and they offer me 6 weeks paid severance. My initial thought was to counter or push back, and bring up again the (2) annual discretionary bonuses that I didn't see a dime from.
However, it was a bonus in nature, so I'm guessing they could easily say I didn't qualify, or something to that effect. The company is HQ'd in Illinois, and I'm in Austin, so that brings a whole new set of questions.
Any advice on how to handle? Get lawyer to look at? Any hope to getting more money?
Thanks all in advance.
My question for the TexAgs masses is around my term letter and my original employment contract I signed w/ them. The offer I signed had an annual discretionary bonus for Sr. leadership written in, based on "individual performance".
Well, after my 1 year mark early in 2022, I started asking questions about that bonus --- what was the status, how much did I earn, when will it get paid out, etc. My mgr pushed the questions to CEO, and she was very dismissive of the entire situation, to the point of not even acknowledging the bonus, basically saying it was a mix-up and error from the person who put the offer letter together (my mgr at the time)... even though the contract is signed by her.
I followed up multiple times over last 1.5 years, and finally let it go, realizing they had no intention of acknowledging, let alone honoring or paying out any of the bonus. It was a very dishonest & unethical way of inflating my total potential earnings.
Then yesterday comes and they offer me 6 weeks paid severance. My initial thought was to counter or push back, and bring up again the (2) annual discretionary bonuses that I didn't see a dime from.
However, it was a bonus in nature, so I'm guessing they could easily say I didn't qualify, or something to that effect. The company is HQ'd in Illinois, and I'm in Austin, so that brings a whole new set of questions.
Any advice on how to handle? Get lawyer to look at? Any hope to getting more money?
Thanks all in advance.