Document background
A Hiring Bonus Agreement is commonly used in Switzerland when companies need to attract top talent by offering additional financial incentives beyond the regular salary package. This document type is particularly relevant in competitive job markets where employers need to provide compelling compensation packages to secure preferred candidates. The agreement specifies the terms under which a hiring bonus is paid, including any conditions the employee must meet to retain the bonus, such as minimum employment duration. Under Swiss law, these agreements must comply with the Swiss Code of Obligations and relevant employment regulations, while also addressing tax and social security implications. The document typically includes clear provisions on payment timing, potential repayment obligations, and the relationship between the bonus and other employment terms.
