How Do Sign On Bonus' Work?
Topic 2347 | Page 1
Thomas, welcome to the forum!
You say you have your learners permit and are looking for work, but most companies don't hire drivers with only a learners permit. Maybe you mean you are looking into Company-Sponsored Training , and if you are then that link will provide you with some information to research. If you are going the company sponsored training route I don't think you will need to worry about a sign on bonus, but the way the work is usually they are paid out over a lengthy period of time. That way they can keep you on the hook, so to speak. They aren't going to risk writing someone a five thousand dollar check and then have them quit after the check clears the bank.
CDL:
Commercial Driver's License (CDL)
A CDL is required to drive any of the following vehicles:
- Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
- Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
- Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
- Any vehicle required by federal regulations to be placarded while transporting hazardous materials.
Company Sponsored Training:
A Company-Sponsored Training Program is a school that is owned and operated by a trucking company.
The schooling often requires little or no money up front. Instead of paying up-front tuition you will sign an agreement to work for the company for a specified amount of time after graduation, usually around a year, at a slightly lower rate of pay in order to pay for the training.
If you choose to quit working for the company before your year is up, they will normally require you to pay back a prorated amount of money for the schooling. The amount you pay back will be comparable to what you would have paid if you went to an independently owned school.
Company-sponsored training can be an excellent way to get your career underway if you can't afford the tuition up front for private schooling.
Company-sponsored Training:
A Company-Sponsored Training Program is a school that is owned and operated by a trucking company.
The schooling often requires little or no money up front. Instead of paying up-front tuition you will sign an agreement to work for the company for a specified amount of time after graduation, usually around a year, at a slightly lower rate of pay in order to pay for the training.
If you choose to quit working for the company before your year is up, they will normally require you to pay back a prorated amount of money for the schooling. The amount you pay back will be comparable to what you would have paid if you went to an independently owned school.
Company-sponsored training can be an excellent way to get your career underway if you can't afford the tuition up front for private schooling.
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Choosing A Trucking Company Company Sponsored CDL Training
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Hello im looking to become a commercial driver i have recived my learners already and am looking for work. There are many companys that offer sign on bonus what are the conditions asociated with these. id rather skip a sign on bonus and get with a good company then be tied down to a company with poor buisness and costermer vaules...what should i be looking for or or possibly avoiding. i live in winchester virginia fyi.