Sign On Bonus

Discussion in 'Questions From New Drivers' started by Highway Hypnosis, Jul 11, 2014.

  1. Highway Hypnosis

    Highway Hypnosis Light Load Member

    144
    135
    Apr 12, 2014
    Minot, ND
    0
    So I have applied to a few companies that offer sign on bonuses.... One in particular US Express is offering a $3,000 sign on bonus....


    So what's the catch? Do I have to sign a 10 yr. contract or something?? Will I have to pay it back if I leave early..? Do I actually get this amount, or like only 1/2 of it after tax deductions...?!? Do I get this after x amount of time working for the company...!?!? Should I spend it all on beer and hookers...??!??!

    What's the catch... it's one of those things that seems "too good to be true." :biggrin_2554:
     
    Chinatown and Wild Murphy Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Chinatown

    Chinatown Road Train Member

    68,407
    143,413
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Most companies it's not a lump sum; it's spread out over a few months. You get it as you earn it. If you quit, you don't owe anything because you get the bonus after you earn it.
    It could be in payments monthly/quarterly, etc.
    Decker Truck Line is offering $4,000.00 for reefer & flatbed division. They sometimes hire a few new CDL graduates.
     
    Wild Murphy and Highway Hypnosis Thank this.
  4. softail

    softail Medium Load Member

    563
    652
    Nov 3, 2012
    The Great Pacific NW
    0
    Most sign on bonuses are paid monthly. Over a period of several years. They pay like $150.00 a month on the same day each month, like the 15th. Each company is different. If you leave the company, payments end. Ask your recruiter for details.

    Depends on the hookers. Beer first.
     
  5. Chinatown

    Chinatown Road Train Member

    68,407
    143,413
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Don't waste any of it on beer!
     
  6. wannabe trckin again

    wannabe trckin again Light Load Member

    56
    68
    Jun 26, 2014
    0
    Pffft make the hookers bring the beer....
     
  7. Mev

    Mev Road Train Member

    3,109
    1,102
    Jul 29, 2009
    0
    Might want to check , they are usually in truth " retention bonuses " , you get them once you've stayed and they are paid out over time .
    They have it set up to prevent drivers from doing the take the money thing
     
    Highway Hypnosis Thanks this.
  8. Snowshoes

    Snowshoes Heavy Load Member

    878
    664
    Sep 23, 2012
    Pleasant Grove, Utah
    0
    Not that I have EVER done this but I HEARD hookers usually bring cheap beer so make sure you specify what kind. I know a guy that knows a guy whose cousin's barber got a hooker that actually brought Mad Dog 20/20....you just have to be careful.
     
  9. truckerlife74

    truckerlife74 Medium Load Member

    369
    344
    Nov 7, 2012
    Charlotte nc
    0
    Most are paid in quarterly increments and usually the final pymt at the 1 year mark
     
    Highway Hypnosis Thanks this.
  10. Jokingypsy

    Jokingypsy Medium Load Member

    669
    613
    Jan 4, 2013
    Baltimore, MD
    0
    One school of thought, if the company has to pay signing bonuses, they probably suck to work for. The good companies don't have to pay signing bonuses and can typically pick and choose who they want to hire because they have a list of drivers wanting to sign on with them.

    Adam
     
    Highway Hypnosis and Skydivedavec Thank this.
  11. Highway Hypnosis

    Highway Hypnosis Light Load Member

    144
    135
    Apr 12, 2014
    Minot, ND
    0
    So the sign on bonus is actually a scam... most companies will pay you a quarterly bonus for your entire career; these companies will pay you a bonus for only the initial amount they advertise.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.