Hello,
Are there any standard or generally accepted ways to build guarantees into a contract? For example, doing away with probation period, asking for a minimum 12-month term and payment in lieu for the reminder of the 12-months if notice is given at any time before that, asking for a large sum in the form of starting bonus (which is only to be paid back if I resign early)?
I'm a senior level contractor in Europe currently in a very lucrative, "job for life" type of contract which I've been in for years, and likely will be for many more (of course i realise anything can happen). I'm being offered a far more lucrative opportunity in Singapore which I'm very interested in, but naturally I'm afraid of losing what I currently have (which is very hard to find) if this SG gig doesn't work out or ends early. If the SG gig was to be terminated early say, after 6 months or even 12 months then net/net I would be worse off, even if the pay is 100% more than my current. I need some kind of a contractual guarantee that i'd be paid at least say 18 months at the newly agreed salary and then be on a 3 or a 6 months notice in order to justify taking the risk. Has anyone heard of something similar or is it just pure craziness to expect something like this and if I'm not prepared to take the risk then I should stay put? How might an SG employer structure an agreement to give me the peace of mind of walking away from something really good?
Thanks in advance