Compensation after start date delay due to COVID19

and Bain BCG MBB McKinsey Middle East
New answer on Jun 09, 2020
9 Answers
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Anonymous A asked on Jun 06, 2020

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?

(edited)

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Axel
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replied on Jun 07, 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.

-A

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Udayan
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updated an answer on Jun 06, 2020
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /6 years McKinsey recruiting experience

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

(edited)

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Ian
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replied on Jun 06, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

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

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Anonymous replied on Jun 09, 2020

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

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Clara
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replied on Jun 08, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

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

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Anonymous replied on Jun 07, 2020

Hello,

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

Best

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Anonymous replied on Jun 07, 2020

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

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Anonymous replied on Jun 07, 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.

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Vlad
Expert
replied on Jun 07, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / 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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Axel gave the best answer

Axel

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