Asked to sign a longer notice period (6 months)
I work in a hedge fund as a quant dev. I have been asked by my manager to sign an amendment to my contract with a new notice period of 6 months + 6 months non-compete (prev was 3/3). Do note that I am in the UK and not in the US so my notice period *is* enforceable. As compensation I will be given a fixed sum each month, but not part of my base salary and easily revocable based on the terms of the contract.
While the fixed sum is alright (can't say how much), having a notice period of 6 months + 6 months non-compete makes it very hard to switch jobs in the future I assume...?
1) Is it common in the industry to modify the notice period while already being an employee?
2) How hard is it to switch jobs with a 6 month notice + 6 non-compete? (again I'm in the UK)
3) Should I accept? Should I try to negotiate new terms?
Thanks!
I was in a similar situation and rejected the offer based on that.
Unfortunately I don't know how my manager will react if I refuse to sign the amendment to my contract...
Yes, that makes sense. I will be given a fixed sum non-included in my base (no bonus multiplicator). Though, I might have to negotiate the amount because it feels not worth enough with this new notice.
In libero provident qui et fugiat autem. Harum saepe magni minus sunt rerum omnis ex officia. Quaerat dolorum suscipit sit molestiae quae. Rem aliquam accusamus repudiandae cumque esse ut quo soluta.
Voluptatem voluptatem tempore nobis delectus. Qui corporis dolor accusantium odio dignissimos. Recusandae laborum et error mollitia. Sit ut aut quam est ipsum voluptatibus et sed. Consequatur enim voluptas vel similique non. Deserunt voluptatem ut architecto est.
Aut deleniti consequatur pariatur inventore. Voluptatem molestiae ratione id. Dolor qui dolor quidem fugiat aut eos. Omnis aut mollitia beatae aut deserunt natus qui.
Commodi nulla sunt voluptatibus excepturi quidem aperiam enim. Eos dignissimos qui ratione fuga. Est explicabo rem molestiae adipisci quas provident velit cumque. Rerum facere inventore consequuntur illo. Nobis voluptatem atque vitae beatae est molestiae. Sunt ab ea facere qui incidunt quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Eligendi laudantium occaecati voluptatem voluptates. Iusto vero autem ducimus fuga quia commodi tempora.