News for hackers. Stuff that matters.

A comment on U.S. Moves to Bar Noncompete Agreements in Labor Contracts. Parent comment

Re:U.S. Moves to Bar Noncompete Agreements in Labor Contracts by makestuff on Thursday January 05, 2023 @12:15PM (#34263050)
IMO it should be full compensation of your last years' w2. In finance they pay you garden leave but only base pay. So they are only out a small portion of your actual cost.
[ Parent | on HN ]
Re:U.S. Moves to Bar Noncompete Agreements in Labor Contracts by slymon99 on Thursday January 05, 2023 @02:38PM (#34265335)
Yea, I've always wondered if finance companies intentionally structure their comp this way to make garden leave more damaging
[ Parent | on HN ]
Re:U.S. Moves to Bar Noncompete Agreements in Labor Contracts by 22SAS on Saturday January 07, 2023 @03:00PM (#34292019)
Not all of them do it that way. The HFT I work with, pays the greater of base salary or 75% of base+bonus averaged over the last two years.
[ Parent | on HN ]