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
Garden leave means you get your low base salary but not any bonus, which is the bulk of a finance income.

>>silver+nN
Do finance firms pay the awarded bonus in full or vest it over time like most other business? If latter, I imagine you'd get your previously awarded bonus, you'd just stop accumulating bonuses to be paid in the future, which makes sense since you are going to be working elsewhere at that time and the new place's sign up should make up for the bonus payment ramp up.