I agree. If you feel your employee is a value to you and potentially a competitor, you ought to compensate them accordingly. Personally, I would never sign a non-compete unless there were not only adequate considerations for compensation, but also equity.
I agree with a ban on putting it into an employment contract, however I don't agree with them being banned completely.
I don't think my getting a job should hinge on if I agree not to use my knowledge for my own best interest. If a company wants to offer me something that (from my perception) is of better interest to me than competing with them, then I'd possibly sign it.
If it's that important to a company that I don't compete with them, they should be willing to pay me enough that I have an interest not to compete.
From an employer's perspective, employees at a competing company are more valuable workers than employees of equivalent skill at companies in other product markets, due to their inside knowledge of competitors' operations. I can understand why some people might think this is unfair and be willing to enforce contracts that make an employee wait a certain time period before working for a competing firm.
Exactly. If you want your employees to be loyal to your 'cause', give them equity. Don't expect them to be a team player without some sort of reward beyond simply keeping their job.
As an employee I 'clock out' when my day is over and are free to pursue whatever I want in my own time. As an owner, I do everything I can to make sure my company survives and thrives around the clock both at work and at home. There's a definite line there that shouldn't be crossed (or you'll get burned)
Comments
I agree. If you feel your employee is a value to you and potentially a competitor, you ought to compensate them accordingly. Personally, I would never sign a non-compete unless there were not only adequate considerations for compensation, but also equity.
I agree with a ban on putting it into an employment contract, however I don't agree with them being banned completely.
I don't think my getting a job should hinge on if I agree not to use my knowledge for my own best interest. If a company wants to offer me something that (from my perception) is of better interest to me than competing with them, then I'd possibly sign it.
If it's that important to a company that I don't compete with them, they should be willing to pay me enough that I have an interest not to compete.
From an employer's perspective, employees at a competing company are more valuable workers than employees of equivalent skill at companies in other product markets, due to their inside knowledge of competitors' operations. I can understand why some people might think this is unfair and be willing to enforce contracts that make an employee wait a certain time period before working for a competing firm.
Exactly. If you want your employees to be loyal to your 'cause', give them equity. Don't expect them to be a team player without some sort of reward beyond simply keeping their job.
As an employee I 'clock out' when my day is over and are free to pursue whatever I want in my own time. As an owner, I do everything I can to make sure my company survives and thrives around the clock both at work and at home. There's a definite line there that shouldn't be crossed (or you'll get burned)