What's this mean - payout on a job advertisement?

Discussion in 'Questions From New Drivers' started by Seth0194, Mar 22, 2023.

  1. Seth0194

    Seth0194 Light Load Member

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    • Payout Schedule $250 a week for 20 weeks
    Sorry to make a thread but this was posted in a job listing and not sure what it really means.
     
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  3. ducnut

    ducnut Road Train Member

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    Looks like $5K, paid out over 20wks.
     
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  4. Chinatown

    Chinatown Road Train Member

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    Maybe a hiring bonus?
     
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  5. Seth0194

    Seth0194 Light Load Member

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    Makes sense, thank you.
     
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  6. Seth0194

    Seth0194 Light Load Member

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    Yea, it is a 5k bonus. It's just posted like 4 lines below the bonus so had me a bit confused.
     
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  7. Magoo1968

    Magoo1968 Road Train Member

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    Many times it means we will pay $300 less a week than competition but give you a $250 hiring bonus if you meet all the criteria that were free to change at anytime lol
     
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  8. lual

    lual Road Train Member

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    I see where some companies now call that a "retention bonus"...instead of the more usual "sign-on" bonus.

    I view bonuses as a fun indicator of just how "desperate" a fleet is....for new(er) drivers:
    • No bonus mentioned -- we're doing ok (at the moment, anyway)
    • $2,500 bonus -- We'd much appreciate a call/app from you....keeping our heads above water (for now)
    • $5,000 bonus -- We're too busy for the drivers that haven't gotten fed-up and left yet.....
    • $10k bonus -- We're super-desperate...and it real-ly sux to work/drive here....please....send us an app <<<drowning noises>>>
    • $10k+ bonus -- :eek: :rolleyes: :eek: :rolleyes: :eek:......
    -- Lual
     
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  9. Nahbrown

    Nahbrown Light Load Member

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    Some companies will spread their bonuses or reimbursement over large amounts of time because they know you’re not going to stay that long on average. For instance, Schneider Says they will reimburse $7200 for tuition reimbursement, actually it’s spread over 36 months at $200 a month.
     
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