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Ask_Mountain t1_jaw86xj wrote

Reply to comment by froggythefish in JPMorgan Chase requires tech workers give 6 months notice before quitting by iammrfamous07

You can put whatever you want (as long as it’s not illegal) in a binding contract. It can either specify penalties or the court can compel you to make the other party whole.

I’m not sure if that’s the case here (or even if it’s enforceable), but clauses like this could exist.

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froggythefish t1_jaw90uq wrote

It’s not enforceable at all. It is a legal right of all American citizens to stop working for an employer at any time they want, without reason.

Edit: the number of people who seriously think your employer can just tell you you’re not allowed to quit shows just how brainwashed the working class is. Please research your rights.

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leg_day t1_jawbnwj wrote

It's not.

It's unenforceable to have clauses with no remuneration. So they can't compel you to pay 6 months of salary if you quit without notice, for example.

But these clauses with the big banks do have remuneration. In exchange for you signing this, you are guaranteed pay when you leave or get fired.

It's super common in trading firms (or trading businesses within banks) to have forced paid leave between jobs. For example, if you work for a hedge fund, you can't quit and immediate work for a competitor: you'd be able to take your knowledge of active trades/positions and bet with/against them. So you sign an agreement saying you won't work for 6 months (or longer) between jobs, but the old job keeps paying you.

All the big banks/hedgies are incentivized to also honor the system by not hiring you before your leave period is complete. Why? They don't want their own ex-employees poached during their leave period to have their positions wiped out.

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Ask_Mountain t1_jawa8do wrote

No, it’s not. At-will employment makes it legal for you or the companies end the job without notice. However, this does not prevent a contract being put in place to add a waiting period.

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ShadownetZero t1_jazm5xo wrote

You seem to think all employment is at-will. Listen to the people correcting you instead of covering your ears and shaking your head.

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