#141: Retention Bonuses–the good and the bad
Josh and Amelie discuss retention bonuses. What are the pros and what are the cons? Mo’ money, mo’ problems?
Top things to think about
- Sabbaticals usually operate as retention bonuses–you get the time off (usually for research) and then are required to stay for a year afterward.
- You’re locked in for a retention bonus…except that you might be able to negotiate a signing bonus to pay back the retention bonus.
- Read the fine print and terms of a retention bonus so you know all the implications.
Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey:
- Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity
- Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series
- Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch
- Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow