4 ms·

This is a good call. Or (at a minimum) some agreed upon fraction of salary.

by randall 6y ago

toomuchtodo 6y ago
Can’t be a fraction. Full comp. That’s what you were worth to them, that’s what you’re worth to not go somewhere else.
- saagarjha 6y ago
  What if you’re entertaining an offer that doubles your pay?
  - toomuchtodo 6y ago
    Lots of nuance, but that’s a legitimate comp floor depending on the garden leave requirement, the legitimacy of the offer, etc.
shefsjsba 6y ago
It should be whatever is highest between your current salary and the new job offer.
- Thorrez 6y ago
  That sounds abusable. You get some company (possibly owned by a friend of yours) to offer you a massive salary, then your original company has to pay that massive salary for 3 months or whatever. Then as soon as you start at the new company, they fire you.
  - clarry 6y ago
    That sounds like a feature to me. Noncompetes are terrible, and you should be prepared to pay out of your nose if you want to keep an employee off the market. As long as you're not forced to pay that money, it's all good. It just means that the employee can actually switch jobs immediately (for a better pay or not) unless you're willing to pay them however much they're willing to stay out of the market for. Say I make $100k today. I get an offer at a place I really like, for $150k. I'd really like to go there, but they're also a competitor. I offer to stay home for $200k, and if you don't want to pay that much, then I go to work for $150k.
    - sgift 6y ago
      > That sounds like a feature to me. Then just be open about it and say you want to remove non-competes. Nothing bad about it, but inventing clauses which makes them effectively forbidden, but not really just clogs up courts.
    - Thorrez 6y ago
      Ok, so what you're saying is you want the employee to be able to optionally enter a non-compete at quitting time at a price the employee negotiates to, as long as that price is at least the employee's previous salary. That sounds like a reasonable proposal.

This is a good call. Or (at a minimum) some agreed upon fraction of salary.

toomuchtodo 6y ago

Can’t be a fraction. Full comp. That’s what you were worth to them, that’s what you’re worth to not go somewhere else.

saagarjha 6y ago
What if you’re entertaining an offer that doubles your pay?
- toomuchtodo 6y ago
  Lots of nuance, but that’s a legitimate comp floor depending on the garden leave requirement, the legitimacy of the offer, etc.

shefsjsba 6y ago

It should be whatever is highest between your current salary and the new job offer.

Thorrez 6y ago
That sounds abusable. You get some company (possibly owned by a friend of yours) to offer you a massive salary, then your original company has to pay that massive salary for 3 months or whatever. Then as soon as you start at the new company, they fire you.
- clarry 6y ago
  That sounds like a feature to me. Noncompetes are terrible, and you should be prepared to pay out of your nose if you want to keep an employee off the market. As long as you're not forced to pay that money, it's all good. It just means that the employee can actually switch jobs immediately (for a better pay or not) unless you're willing to pay them however much they're willing to stay out of the market for. Say I make $100k today. I get an offer at a place I really like, for $150k. I'd really like to go there, but they're also a competitor. I offer to stay home for $200k, and if you don't want to pay that much, then I go to work for $150k.
  - sgift 6y ago
    > That sounds like a feature to me. Then just be open about it and say you want to remove non-competes. Nothing bad about it, but inventing clauses which makes them effectively forbidden, but not really just clogs up courts.
  - Thorrez 6y ago
    Ok, so what you're saying is you want the employee to be able to optionally enter a non-compete at quitting time at a price the employee negotiates to, as long as that price is at least the employee's previous salary. That sounds like a reasonable proposal.