Trade Secrets Impede Trading Jobs
We all know that the competition is fierce out there in corporate America. So fierce that many companies are having their employees sign non-compete contracts as soon as they arrive. As an employee you need to make yourself completely clear of what the contract consists of and decide whether it’s for you.
Make sure you are comfortable with the length of time you would have to wait before finding new work. You even need to find out if you can take your Rolodex. For some companies, this could be worthy of a lawsuit.
In some instances, companies have been known to sue employees who go to a competitor even without the confines a contract, so even if you aren’t in a position that you have to sign a non-compete make sure you know the “unspoken” policy of that company. And watch out if you are a competitor hiring employees away. Companies have been known to sue another company for “stealing” staff.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.