Should I disclose to current firm who the new firm is that I'm jumping to?
Anecdotal evidence is welcome. I'm worried my current employer could engage some sort of smear campaign against me. They don't like when people leave for better positions and I'm worried they (maybe one or two people), might go out of their way to misrepresent me to my new employer. I know it's highly unlikely they would, and even if they did, it's also unlikely the new company would take any stock in a smear. BUT I really don't want this opportunity to fall through for any reason. Once I've started at the company I'll be all good. It's just that 2-3 week period where things remain a little touch and go. That said, I don't want to leave on bad/weird terms, and I don't know how I'd lie about it other than "current firm doesn't want me to disclose (made me sign NDA) not to share" - which I don't know how common that actually is (in non-govt, RE role).
Any advice is welcome.
Based on the most helpful WSO content, it is strongly advised not to disclose the name of your new employer to your current firm until you have officially started at the new company. This is a common practice in the industry to protect yourself from potential risks, such as a smear campaign or interference that could jeopardize your new opportunity.
A good approach is to politely decline to share the information by saying something like, "I’ve been advised not to disclose where I’m going until I’ve officially started." You can also mention that this is standard practice in the industry, which it is. Avoid fabricating reasons like signing an NDA unless it’s true, as honesty (without oversharing) is key to maintaining professionalism.
This strategy minimizes risks while ensuring you leave on as good terms as possible. For more insights, you can check the discussion here: url: https://www.wallstreetoasis.com/forum/job-search/quitting-time-views-on….
Sources: https://www.wallstreetoasis.com/forum/job-search/suing-a-former-employer?customgpt=1, Suing a former employer, From Heartbroken Undergrad to Elite Wall Street Warrior – My Story, Leaving for another fund - How to deal with current employer?, Quitting time - views on how to leave your job
Congrats on the new job. I always say "I'd prefer not to disclose until I start" or something along those lines. They will understand. If you think about it practically there's pretty much no upside to telling them the name.
If there is a history of them doing this, I wouldn't take the risk even though it will be awkward. Otherwise, probably fine to share.
Who the hell cares, this never happens.
You're telling me, that in all of your years of experience, this has never happened? Wow, thanks Associate 1!
Yes, in all my years of experience, over the past 10+ years, there have been many joiners/leavers. Not one has ever refused to tell their colleagues where they're going, they've always landed in their new role in day one and we've never once received any attempts of defamation.
This isn't the school playground. People are grown ups and can handle someone resigning. Such is the course of life.
You were only learning to use Argus 11 months ago. The real world isn't this crazy world dominated by fictional Gordon Geckos
Your employer is not going to do some weird smear campaign against you to your new company and even if they did, it would make them look bad, not you.
Never disclose where you are going. From a risk/reward perspective there is no upside and only downside. There are so many bitter/jealous people in this industry and all it takes is one guy to try and kill your reputation before you hit the new seat.
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