Most people go to work for the paycheck and benefits. What they typically don’t expect is to have to return some of the money when they leave.
But with some benefits — such as signing or retention bonuses, tuition reimbursement and some forms of training — workers may have to pay their employer back if they’re subject to a so-called stay-or-pay agreement, which specifies that the employee will be on the hook to repay the company for the cost of certain benefits if they don’t stay at the organization for a minimum amount of time.
Why? On the one hand, “employers are trying to get a reasonable return on their investment,” said Jonathan Crook, a partner at Fisher Phillips, which represents management in labor and employment matters.
In other words, paying for benefits i
Continue Reading on CNN
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.