Ineligible for bonus as working notice when paid - what does this really achieve?
I resigned from my current job this week, giving the contractual 1 month’s notice. I promptly received an email from HR to inform me that I am ineligible to receive the discretionary bonus - due to be paid with May’s salary - because I’m working my notice period.
So I understand this is standard practice, and I was vaguely aware that it might happen (I admit to skim reading HR memos). I won’t be challenging the decision. But my question is, what does this really achieve for the company other than a smug satisfaction of saving a few grand?
If I’d been more strategic, I could’ve waited 2 weeks until after payday then resigned (kind of regret not doing so now), but I’m keen to get started in my new role. If this policy is to encourage retainment, surely it only really encourages it in the month of payment?? Other team members, and even my line manager, were shocked when I told them. It feels like it’s had a negative impact on morale, as it seems such a petty and mean spirited clause.
So, HR folks, am I missing something obvious? Is it just a punishment for leaving? Have you ever seen it actually drive staff retention?