4 ms·
>but we'll pay you 100% of your salary for that year. if you can't work in the industry, and you get just 100% of your salary that's completely not worth it as
by Xelbair 2y ago
>but we'll pay you 100% of your salary for that year.
if you can't work in the industry, and you get just 100% of your salary that's completely not worth it as you waste time not becoming a more competitive hire in the market - unless you aren't that specialized, but then why bind you with non-compete anyways?
- jncfhnb 2y agoWhat if you had a life that you wanted to enjoy
- meepmorp 2y agoBut they're not paying you to enjoy your life, they're paying you to not work for their competitors, which has impact on your career in the longer term. So they should compensate you based on that, not you wanting to take up pottery or whatever.
- jncfhnb 2y agoYeah, it’s 100% of salary in a competitive market Y’all need to go outside if you think that’s not a fantastic deal
- pitterpatter 2y agoSure, maybe we could have that conversation if noncompetes actually required that...but they don't
- radley 2y agoWhat if the competitor offers 150% or more? Then is 100% a fair deal?
- jncfhnb 2y agoYeah
- hervature 2y agoWhile I agree that they should go outside, I will point out that the common tactic is to make salary than less than 1/2 of the total compensation. In tech, they issue RDUs and then they can claim that those were always bonus and never part of salary. In finance, they give big bonuses depending on performance. This is a little more legit but usually takes recessions for bonuses to actually disappear.
- OJFord 2y agoHow much more competitive are you going to get in one year (/what's your discount rate) that you wouldn't take a paid year off?!
- Kirby64 2y agoGardening leave typically is only salary, and doesn’t include extremely lucrative bonuses (that can exceed salary, sometimes by some multiples) in certain investment industries. So, it’s a pretty big hit to your income.
- OJFord 2y agoThat's a good point, but an entirely different one to 'you waste time not becoming a more competitive hire in the market', which is what I was responding to.