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From my experience working in finance in London, no. Good salary? Sure! Able to live comfortably with 50% salary (when rent is 30-50% of take-home pay)? Zero c
by tomp 5y ago
From my experience working in finance in London, no.
Good salary? Sure! Able to live comfortably with 50% salary (when rent is 30-50% of take-home pay)? Zero chance.
In practice the biggest impediment to even longer non-competes is legal risk; the tiny chance of an employee challenging the non-compete in court and the court ruling unreasonable or overly broad, would result in all other employees knowing their non-competes are effectively void.
- ATsch 5y agoDid you have to sign a non-compete for that job? Regardless of the exact reason for the impediment, it still remains that due to the restrictions, non-competes are not common enough in the EU to even be in the vocabulary of regular working people. I can't find any concrete numbers but it's definitely nowhere near the ridiculous 18% jobs that have them in the US. So it's pretty hard to argue the restrictions aren't effective.