3 ms·
If you’re a business requiring a non-compete you should be required to provide compensation the period of non compete that is the maximum of the employees curre
by olliej 4y ago
If you’re a business requiring a non-compete you should be required to provide compensation the period of non compete that is the maximum of the employees current total compensation package or any job offers they receive, at the end of the period if they can demonstrate that they missed out on other gains (say a startup IPOs or whatever) you should then also be required to cover that as well. Any delays in compensation should be charged interest at the median credit card interest charge.
That will separate “legitimate” non competes from bs wage reduction contracts.
- asah 4y agoThis does not reimburse the employee for lost job experience and career advancement.
- olliej 4y agoYeah, but I didn't feel like trying to quantify a "premium" or what have you, so the goal is purely make it sufficiently expensive that the BS non-compete by default go away. But yes, I would want to say +X% loss of experience + advancement but no idea what X would be, but again the goal is to stop it just being a free wage suppression lunch.