
TOP TIPS:
"Tighten" Your Noncompete Agreement (cont'd)
- Time period. Obviously, an agreement that includes the word "ever" is too long, but what is reasonable-for both parties? If two years (a standard period) is too long for your particular situation, would six months be manageable? Would this give the employer reasonable security? Try to define the shortest possible time period.
- Geographic area. Again, try to limit the geographic scope of the agreement. If you work for a huge multinational, it may be hard to define a region where you wouldn't be in competition, but for most positions, this should be possible. For example, a CPA working for a firm in Evanston might agree not to hang out her shingle in Evanston itself, but could work in other areas around Chicago without hurting her former employer.
- Define "competition." Two companies may be in the same general field without being in direct competition with each other. Rather than agreeing not to work for "competitors," try to get the employer to name names. An agreement not to work for Competitor A, Competitor B, or Competitor C should protect the company while still giving you plenty of scope. Alternatively, narrow the industry sector. Rather than agreeing not work "in publishing," you might agree not to work "in college-level textbook publishing." Again, try to keep as many options open as you can.
If you can narrow the scope of the noncompete agreement in these three areas, you should have an agreement that works for both employer and employee.
And if the employer insists on using its standard wording for the noncompete, you should ask for a severance package that will balance your needs with the company's. But that's another negotiation!
BOOK REVIEW:
Win-Win Career Negotiations: All You Need to Know About Negotiating Your Career Agreement (cont'd)
The book breaks the employment agreement down into separate components, then addresses each component in turn. Author Peter Goodman-- CEO of MyJobCoach, a career development firm-- combines negotiation theory with real-life examples, clearly showing how to put the theory into practice. The book also provides insights from leading executives describing their day-to-day practice. The flexible format provides helpful strategies for newcomers and seasoned professionals alike.
As the economy continues to change, make sure you have these career-enhancing skills.
Win-Win Career Negotiations is available for $14.95 from MyJobCoach.
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