Salary.sg Forums - View Single Post - Can I turn down a job after signing a contract?
View Single Post
  #9 (permalink)  
Old 20-05-2016, 12:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Armageddon View Post
Yes, I'm in huge demand by many companies because of my ability to bring in innovation solutions and technology and most importantly, increasing traffic/sales to their brand or websites to get more business. Without wishing to brag, every companies I have worked for have a 150% increase in their sales within just the first two months.

I have read through my contract and it doesn't state anywhere about being liable to pay up to 6 to 8 months of my salary. It states that if I join and if i want to resign, I have to pay 1 month of notice or 1 month of salary in lieu. Maybe, what you mentioned is what is going to happen to me if they were to sue me. I honestly doubt they will sue me because I have a very good relationship with the key people in the company, I know them personally early on in my career. However, I risk burning bridges and being black-listed, which I think for just an increment of $1,500 a month, might not be a wise move because the IT start-up circle in Singapore is very connected to one another. But due to my credentials and my monthly passive income, I really don't have to short-change myself and take a lower pay now.

I have also made it clear to the hiring manager during my interview in the first company, that my salary expectation is to match last drawn or higher, which she told me they can't offer me that high. I just regret signing the contract as going back on a verbal agreement is still better than a written agreement.
Yes I am coming from a legal perspective, i.e. if they sue you for breaking the contract. 6-8 months is just an estimate from my experience, such things will not be stated in your contract but it depends what the court thinks is the loss that the company suffers from your reneging on the contract. Of course, given your relationship with the key personnel the company may just decide not to sue you at all.

I guess your key consideration should be whether other companies in the IT start up circle would blacklist you because of this incident. I doubt it, since many of these companies are profit-driven and they are competing with each other anyway.
Reply With Quote