4 ms·
Gotcha; never been subject to gardening leave myself, but I always assumed it exists for the same purpose as a noncompete, i.e. to provide a 'cooling off' perio
by apostate 4y ago
Gotcha; never been subject to gardening leave myself, but I always assumed it exists for the same purpose as a noncompete, i.e. to provide a 'cooling off' period to lessen the competitive impact that the exiting employee can have by switching to another firm. I assumed that since it's been around a while in finance that the "paid noncompete" idea became a negotiated part of the comp.
- tharkun__ 4y agoSo funny to hear this. 3 month notice periods (in either direction) are bog standard in parts of Europe. And it's entirely normal to just keep working, training your replacement/finishing off stuff.
- apostate 4y agoI'm not sure that's quite the same (no clue if the garden leave terminology is used in the parts of Europe you refer to). https://www.investopedia.com/terms/g/gardening-leave.asp https://www.investopedia.com/terms/g/gardening-leave.asp
- tharkun__ 4y agoThat's my point about it being funny. In one place a 3 month notice period is considered a gardening leave for special higher level employees and you still basically get escorted out of the building. In other parts of the world it is just the bog standard notice period and nobody is escorted out of any building and expected to keep working during that 3 month period.