Is there a cap on the maximum that students pay out? Many similar programs cap the total payout expected from students.
Further, do you work with students on actually getting recruited and getting through interviews? Coding is great, but whiteboarding and interviewing are their own skillset.
Yep, we cap the payment at $30,000. So if they hit that amount, obligations back to us cease.
We help with recruiting as well. If we don't offer them a role with us and our staffing company at the end of the program, we help them find a role with other employers. Whiteboarding/testing/soft skills are a part of the curriculum.
this clause is interesting too, they have first dibs on you as long as they make competitive offers
> After the program, graduates pay 15% of their income for 2 years if they are earning over $40,000. Furthermore, graduates agree to work for us directly if our offer is as good as their other employment offers.
No penalties, we actually think this clause is probably not necessary. We work with trainees for so long during the program that ideally they would find it natural to work for us (or for our staffing clients).
It's unnecessary, unenforceable and off-putting. By definition, if you make an offer of employment to someone and they choose a different one, then your offer wasn't "as good". Maybe you're offering the same salary, but that's certainly not the only thing that goes into an offer. I get you want to keep students around for yourself or for your staffing clients, but this is not the way to do that.
I think in the end, we will remove it or change the language so dramatically as to remove it. We have been surprised by how many people are totally fine with this clause, though, about 99%.
Further, do you work with students on actually getting recruited and getting through interviews? Coding is great, but whiteboarding and interviewing are their own skillset.