As the New Year has many people thinking of new employment opportunities, or a renewal to find work after a layoff, a recent Wall Street Journal article discussed how non-compete clauses and contracts/agreements are becoming more common in the job-hiring process.
Essentially, the non-compete clause requires that, upon termination, or if you quit the current job, you won’t work at a similar company or in a similar field for a certain amount of time (usually 1-2 years.) This could really tie your hands upon accepting a position, because, if you love the field of work you are in, it could be disastrous for your future, if things don’t work out.
Now, many of non-compete clauses are mainly for jobs that may have high security, or share sensitive information, that would be of value to the competition. The company you work for certainly want you to be happy in your position, but they have to protect themselves, also. They likely spent alot of money training you, and they don’t want you getting a few months in and finding better work. Double-edged sword, for certain!
Researchers at the University of Michigan released findings around non-compete contracts:
- 12 percent of American workers have signed such contracts;
- 28% of those were in engineering and computer fields;
- 40% of those who signed read it quickly or not at all.
What might be more surprising is that 10% of those who signed were in non-traditional fields, like repair services or personal care.
So, make sure you add “Ask about non-compete contracts” to your list of questions when you sit down with the hiring manager.
Now, let’s go out there and do something good together!