4 ms·

You forgot to add the unemployment allowance and paid retirement, which are a huge benefit. In particular in the tech scene, the unemployment allowance means th

by p4bl0 12y ago

You forgot to add the unemployment allowance and paid retirement, which are a huge benefit. In particular in the tech scene, the unemployment allowance means that you can be paid up to 80% of your previous salary for almost two years (… way to seed startups!). All this plus what parent poster mentioned are what we call the "deferred salary", it's hard to evaluate precisely but in now way it's negligible. Also I don't know in which Parisian university you went, but I bet that it would be a lot more than $5000/year to get an equivalent "service" in the US.

S4M 12y ago
You need to have been fired for that - you won't get the unemployment benefits if you quit your job. On the other hand, unemployment can be a cushion for employees of a failed startup. I don't know if founders of failed startups can get the unemployment though.
- yaantc 12y ago
  The rules have changed a bit a few years ago. It is now possible to negotiate a separation with the employer and still get the benefits of unemployment (sorry I don't have the details in mind). It was part of a set of changes intended to make the French job market a bit more flexible. Then I can guarantee that as a co-founder of a start-up you can get unemployment benefits, as I've been in this situation.
- paraboul 12y ago
  That's not true. To be eligible for the unemployment benefits you must not break your contract with your employer. That is, you can leave if you respect the terms of the contract.
  - S4M 12y ago
    It's unclear. It says here [0] that in principle you can't get unemployment benefit if you leave your job on your own, although there are exception to that, mainly if you leave your job for family reason (your partner got an opportunity in a different geographical area), or if you experimented unprofessional behavior at your previous company, such as sexual harassment. In the link I gave, it says that you can get unemployment if you leave to create your own company, but here [1] it says that if you leave to create your own company and it doesn't take off, you will be able to get unemployment benefit ("Démission pour reprise ou création entreprise : Et, si pour des raisons qui ne sont pas de votre fait cette nouvelle activité s’arrête, vous pourrez alors récupérer le cas échéant votre droit à des indemnités de chômage."). I am a French expat so my knowledge of this might be a bit off, but I am still interested in that subject. [0] sorry, in French: http://www.toobusiness.com/portail/conseil/loi-juridique/allocation-chomage.htm http://www.toobusiness.com/portail/conseil/loi-juridique/all... [1] still in French: http://allocation-chomage.fr/demission-chomage-pole-emploi/ http://allocation-chomage.fr/demission-chomage-pole-emploi/
    - paraboul 12y ago
      Sorry for the late reply S4M. I think there is a confusion between "leaving your job on your own" and leaving in a consensual way with your employer. Most of the time, when you decide to leave, you make a departure plan with your employer. If your employer agree with your decision, you generally leave after 3 month or so (depending on the terms of the contract). You can then ask for you unemployment benefits.
      - S4M 12y ago
        For me it's very ambiguous and I would really check it before leaving my job if I was planning to use unemployment benefit to finance a startup. What are your sources?
        paraboul 12y ago
        Source : Years of employment. + http://vosdroits.service-public.fr/particuliers/F19708.xhtml http://vosdroits.service-public.fr/particuliers/F19708.xhtml
VeejayRampay 12y ago
Université Orsay Paris-Sud XI, ranked as the best university in France in the Shanghai rankings in 2011 (doesn't mean it's an absolute best, but still somewhat of an indicator). So yeah, rather top shelf.
Kurtz79 12y ago
I don´t know in France, but in Spain unemployment benefits have quite a few catches: - You must be fired (if you just walk out you are not entitled). - There is an absolute cap, regardless of your previous salary (little more than 1000 EUR) - You "earn" days of unemployment as you work (one day for each 3/4 days of work, I don´t remember exactly) up to two years. I can´t say I disagree with any of those: in the end, it´s supposed to be a temporary support while you find a new job, not paid vacations.

by p4bl0 12y ago

S4M 12y ago

You need to have been fired for that - you won't get the unemployment benefits if you quit your job. On the other hand, unemployment can be a cushion for employees of a failed startup. I don't know if founders of failed startups can get the unemployment though.

yaantc 12y ago
The rules have changed a bit a few years ago. It is now possible to negotiate a separation with the employer and still get the benefits of unemployment (sorry I don't have the details in mind). It was part of a set of changes intended to make the French job market a bit more flexible. Then I can guarantee that as a co-founder of a start-up you can get unemployment benefits, as I've been in this situation.
paraboul 12y ago
That's not true. To be eligible for the unemployment benefits you must not break your contract with your employer. That is, you can leave if you respect the terms of the contract.
- S4M 12y ago
  It's unclear. It says here [0] that in principle you can't get unemployment benefit if you leave your job on your own, although there are exception to that, mainly if you leave your job for family reason (your partner got an opportunity in a different geographical area), or if you experimented unprofessional behavior at your previous company, such as sexual harassment. In the link I gave, it says that you can get unemployment if you leave to create your own company, but here [1] it says that if you leave to create your own company and it doesn't take off, you will be able to get unemployment benefit ("Démission pour reprise ou création entreprise : Et, si pour des raisons qui ne sont pas de votre fait cette nouvelle activité s’arrête, vous pourrez alors récupérer le cas échéant votre droit à des indemnités de chômage."). I am a French expat so my knowledge of this might be a bit off, but I am still interested in that subject. [0] sorry, in French: http://www.toobusiness.com/portail/conseil/loi-juridique/allocation-chomage.htm http://www.toobusiness.com/portail/conseil/loi-juridique/all... [1] still in French: http://allocation-chomage.fr/demission-chomage-pole-emploi/ http://allocation-chomage.fr/demission-chomage-pole-emploi/
  - paraboul 12y ago
    Sorry for the late reply S4M. I think there is a confusion between "leaving your job on your own" and leaving in a consensual way with your employer. Most of the time, when you decide to leave, you make a departure plan with your employer. If your employer agree with your decision, you generally leave after 3 month or so (depending on the terms of the contract). You can then ask for you unemployment benefits.
    - S4M 12y ago
      For me it's very ambiguous and I would really check it before leaving my job if I was planning to use unemployment benefit to finance a startup. What are your sources?
      - paraboul 12y ago
        Source : Years of employment. + http://vosdroits.service-public.fr/particuliers/F19708.xhtml http://vosdroits.service-public.fr/particuliers/F19708.xhtml

VeejayRampay 12y ago

Université Orsay Paris-Sud XI, ranked as the best university in France in the Shanghai rankings in 2011 (doesn't mean it's an absolute best, but still somewhat of an indicator). So yeah, rather top shelf.

Kurtz79 12y ago

I don´t know in France, but in Spain unemployment benefits have quite a few catches: - You must be fired (if you just walk out you are not entitled). - There is an absolute cap, regardless of your previous salary (little more than 1000 EUR) - You "earn" days of unemployment as you work (one day for each 3/4 days of work, I don´t remember exactly) up to two years. I can´t say I disagree with any of those: in the end, it´s supposed to be a temporary support while you find a new job, not paid vacations.