zlacker

>>pg_123+(OP)
The article doesn't address what I think is the most important aspect of noncompete agreements: compensation.

In France, and I believe in many other places as well, you can't have a noncompete without proper compensation. Compensation is relative to how it will affect the former employee career, it is usually less than a full wage, but it can be that if it makes finding a new job particularly difficult.

There have been a trend at one time of bullshit noncompete clauses that were too broad and didn't come with compensation, these are not enforceable. If they tried to sue the employee (they don't), they would be laughed off by the judge.

>>GuB-42+lv
This is a problem in the tech industry but not on Wall Street.

The norm there is paid time off between jobs (“gardening leave”). Everyone knows it is part of the system and that a mid level or senior hire can’t start right away. They also buy out still vesting bonuses and the like.

It’s quite a civilized system and I think the law ought to leave it alone, while addressing abusive ones like we have in tech.

>>bradle+1A
From my perspective it sounds civilized, but a friend of mine who sat out most of quarantine on gardening leave said he found it hard to support his family. You get your base salary, but not your bonuses, which are the majority of your pay in that industry. And since you can't get another job for the duration (or he couldn't, at any rate) it got a bit tougher than I would have assumed.

>>karate+fQ
The first thing somebody in this sort of job should do is establish a 1-2 year savings buffer, right?

>>bee_ri+y51
Yes that's basically what everyone does.

>>CSMast+r61
No, it's what everyone should do.