|



|
Going to work
for a competitor or troubled company
When going to
work for a competitor or a trouble company then there are some
financial considerations that have to be taken into account. First
and foremost assume the job will only last a year and that you will
need to look for another position while you are out of work. Given
that assumption the things need to be considered are:
Employment
contract
Contract has
everything spelled out including grounds for termination,
payments, insurance coverage, re-location (if you moved), out
placement services, and what can be disclosed. Attorney’s fees
should be covered as well with you retaining the right to select
the attorney to be used.
Signing bonus
Bonus should
cover lost benefits at current place of employment such as
vesting and unpaid bonuses. In addition there should be some
amount for the “risk” taken for leaving a “sure thing” and going
to a competitor or a troubled company.
Relocation
Expenses
Expense
should include cost differential if you are moving from a low
cost housing market to a high cost market. Moving travel
expenses, broker commissions, pre-payment penalties, interest
rate differentials and moving expenses for all items such as
extra cars, boats, RVs etc.
Performance
Bonus
Bonus should
have two components short term 12 to 18 months and long term 3
to 5 years.
Changing jobs is
risky business. Janco Associates, Inc. can help you in the
process. We can act as your agents to help you negotiate your
contract or advise you on what you have been offered.
For more
information see
http://www.e-janco.com,
http://www-ejobdescription.com, or
http://www.itproductivity.org. 435 940-9300 x 101
|

Site Map
Staffing shares steady after jobs report
U.S. staffing and jobs services companies' shares were little changed on Thursday, after a government report showed employers cut jobs for the sixth straight month, but unemployment held steady.
more info
Employers use federal law to deny benefits
Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer.
more info
Websense Schedules Second Quarter 2008 Earnings Announcement and Conference Call
Websense, Inc. plans to release its second quarter 2008 financial results after market close on July 28, 2008.
more info
IDG's Computerworld Names Paychex to Annual List of Best Places...
Fourth year on the list for leading payroll and HR services company Paychex, Inc.
more info
Attract Quality People to Apply for Your Positions
Hiring the right people is a key to any business's success - in fact, I truly believe that if one had to choose only a single thing to focus on, it would be hiring these people. With that said, I find it quite disturbing that most companies I come across skip the most vital part of the hiring process- enticing employed people to apply for their positions. As a result, such companies ultimately attract and are limited to the talents of the most active job seekers.
more info |