Difference between revisions of "Jumping Ship"
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* Lost income during non-compete | * Lost income during non-compete | ||
** I need to double-check contract, but about 9.5 * 6 = 57k of lost income during non-compete. | ** I need to double-check contract, but about 9.5 * 6 = 57k of lost income during non-compete. | ||
** If I lose the engineering allowance during the 6 month notice period, that's maybe another 1.375*6 = 8.25k? 65k in all | ** If I lose the engineering allowance during the 6 month notice period, that's maybe another 1.375*6 = 8.25k? | ||
** Maybe I'd get some contract work but I have no idea to what extent that practically be possible | ** So maybe 65k in all | ||
** Maybe I'd get some contract work but I have no idea to what extent that practically be possible, need to research conditions | |||
* Lost bonus | * Lost bonus | ||
** Also, a year's worth of bonus is effectively written off, e.g. 2024. | ** Also, a year's worth of bonus is effectively written off, e.g. 2024. | ||
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*** Rokos maybe. More money but potentially a bad work/life balance | *** Rokos maybe. More money but potentially a bad work/life balance | ||
*** Or go to gentler places with a permanent drop in income | *** Or go to gentler places with a permanent drop in income | ||
Next steps | |||
* Check the contract | |||
** Do I get paid engineering allowance if I'm on notice to leave for a competitor? | |||
** What are the terms of the non-compete - how is this defined? | |||
* Draw up a firmer list of what's involved. What's your gut feel? | |||
* Discuss with Cath |
Revision as of 21:00, 27 March 2024
So... what's involved?
- Lost income during non-compete
- I need to double-check contract, but about 9.5 * 6 = 57k of lost income during non-compete.
- If I lose the engineering allowance during the 6 month notice period, that's maybe another 1.375*6 = 8.25k?
- So maybe 65k in all
- Maybe I'd get some contract work but I have no idea to what extent that practically be possible, need to research conditions
- Lost bonus
- Also, a year's worth of bonus is effectively written off, e.g. 2024.
- There's an element of time-is-money over bonus, I need to get a move on there.
- I might get some help from JS but it's not guaranteed.
- Risk
- This is the biggie. What happens if I go to Jane Street and it doesn't work out?
- I'd need to try other places
- Rokos maybe. More money but potentially a bad work/life balance
- Or go to gentler places with a permanent drop in income
Next steps
- Check the contract
- Do I get paid engineering allowance if I'm on notice to leave for a competitor?
- What are the terms of the non-compete - how is this defined?
- Draw up a firmer list of what's involved. What's your gut feel?
- Discuss with Cath