Compensation after start date delay due to COVID19

Question

Hi,

I previously received an offer to join an MBB as an experienced hire, so I resigned from my job (I had to respect a notice period) and was getting ready to relocate to start my new job. Because of the current COVID19 situation, my start date was delayed several times, leading to 6 months delay from the initial start date. Given this situation, I found myself out of the job market, waiting to join my new role.

I recently read that consulting firms (including MBBs) offered compensations for people in my situation. Some paid their new hires if the delay surpassed 1-3 months, others gave a fixed compensation for each month of the delay.

Is anyone facing the same issue? What would you advise in this situation? Shall I try to negotiate with HR for a compensation?

(editiert)

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Udayan

Experte

bearbeitete seine Antwort am 6. Jun 2020

Ex McKinsey EM in New York Office with 7 years of recruiting experience/ received all 3 MBB offers/Real MBB cases

Hi,

I think it is always worth reaching out to HR to explain your situation. I would say you need to be polite, courteous and fact based in your email (for example be clear about the money you lost by not having a job due to quitting your earlier job based on good faith, add to it any additional relocation expenses and have a clear number that adds up to).

Express your understanding of the situation and ask if there is anything HR can do to help as your decisions were made on a confirmed offer with a specific start date which has been pushed out due to no fault of anyone.

All the best to you,

Udayan

(editiert)

Ian

Experte

Content Creator

antwortete am 6. Jun 2020

BCG | 100% personal interview success rate (8/8) and 100% candidate success rate (20/20) | Personalized interview prep

I highly recommend you reach out to HR and (politely) explain your situation.

Andre

Experte

Content Creator

antwortete am 9. Jun 2020

Full-time coaching w 5+ years| Ex Roland Berger acting PM | Networking to secure Interviews | Discounts for emerging markets

Dear A,

First of all, my congratulations with your MBB offer. Yes, you can actually expect that the company can compensate you due to the current situation. I would simply recommend you to reach out to your HR contacts and negotiate about it. The payment scheme will differ depending on the region and position.

So if you need further advise, feel free to reach out.

Good luck,

André

Clara

Experte

Content Creator

antwortete am 8. Jun 2020

McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+130 students coached |Discount for 1st session!

Hello!

Kindly contact HR and explain your situation to them, for sure they will have cases like this one that will be prioritized.

Hope it helps!

Cheers,

Clara

David

Experte

Content Creator

antwortete am 7. Jun 2020

BCG EXPERT | Top 5 coaches | Cheapest of the Top 10 | 100% positive reviews

Hello,

You shoud liaise with your HR point of contact to review your potential welcome bonus.

Best

Emily

Experte

Content Creator

antwortete am 7. Jun 2020

BCG Project Leader | 3+ years interview experience for BCG SEA recruiting | Kellogg MBA, NTU, Peking University

Hi there,

Did you tell the firm/HR that you have already resigned and will face a couple of month gap in employment due to the delay? If not, do tell them about the implication. Otherwise they might not know and might just assume it would be okay to delay. If you tell them the impact on you, I'd expect usually MBB would be quite willing to see if they can help out one way or another.

Best,

Emily

Iman

Experte

antwortete am 7. Jun 2020

Hi,

I don't see any harm to reach out to HR and politely explain your situation. An additional sign on bonus might be feasible.

Vlad

Experte

Content Creator

antwortete am 7. Jun 2020

MBB Referrals / McKinsey / Accenture Alum / Got all BIG3 offers / #1 in Q&A upvotes / Harvard Business School

Hi,

I believe you can negotiate a sign-on bonus in your case. Just reach out to HR and talk honestly about your situation

Best

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score 4 · Accepted Answer · 2020-06-07T03:51:51+00:00

Beste Antwort

Axel

Experte

Content Creator

antwortete am 7. Jun 2020

Bain Consultant | Interviewer for 3 years at Bain |Passionate about coaching |I will make you a case interview Rockstar

Hi,

I would recommend that you reach out to HR and explain your situation. Just be very careful with the language you use in your email and don't outright ask for compensation but rather ask if there is something that they can do to help given your situation.

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