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They have other tricks. My comp was about 80% bonus, most of which went into deferred comp for a few years. If I was to go to a competitor without permission
by lokar 3y ago
They have other tricks. My comp was about 80% bonus, most of which went into deferred comp for a few years. If I was to go to a competitor without permission (independent of the non compete) I would forfeit the deferred comp.
- 0xbadcafebee 3y agoReject the handcuffs. Once enough people do, they will stop making it deferred. They know that if you're willing to reject the money, you're willing to leave (the handcuffs aren't keeping you there), and that scares them.
- anon84873628 3y agoThat's called a multi-agent coordination problem and game theory tells us it is not so simple to solve.
- 0xbadcafebee 3y agoI don't know about game theory, but a few of us did it at one company and they changed their policy.
- lifeisstillgood 3y agoBut at a certain point that deferred comp is “enough” that if you just go to work each day and hide in the loos it’s worth waiting around and collecting the cash. And the company won’t benefit from a mostly checked out workforce
- CydeWeys 3y agoThe bar is quite high at these kinds of companies. If you let off the gas and try to coast like that, you'll just get fired and thus lose the deferred comp that way.
- lokar 3y agoWorse. The next employer will just repay you. They all do this, so no one really gets and advantage, but they all pay.