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Reply to "s/o Severance "
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[quote=Anonymous][quote=Anonymous]I wouldn't have a retention bonus in a contract unless the job had a set end date going in. It doesn't make sense for an infant, but if you're not planning on employing a nanny once they start school or something, then it might make sense to offer one. [/quote] +1. It needs a set end date. Retention bonuses are most common during a transition, such as when a company is acquired by another and wants to retain valuable employees to assure continuity, wrap up certain operations or to train their successors. My nannies have fortunately always left under happy circumstances (marriage, new career, birth of first child) and were able to give me ample notice. In turn, they all received generous parting gifts. When the relationship is great and mutually respectful, there is no need for severance or retention bonuses. [/quote]
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