Employee retention is far better than non compete agreements at the end of the day. In my opinion great employees are rare compared to mediocre and even bad ones. Make sure you retain the guys that the other companies could want.
Unless this particular company is paying ABOVE AND BEYOND what the majority of operators make I’d laugh in their face. I never expected to be trained. I paid for my Wreckmaster classes and never expected a company owner to do it for me because I wanted to learn. I worked for a company that was acquired by Location Services and with all their failed “run the company through attorneys and accountants(I am an accountant by education)” business model never were we asked to sign a non compete. EDIT-We did sign the typical NDA for the business model, etc.
So can you get them to sign a noncompete to not go work for another company after you put a lot of time in training them or make it where they have to stay a certain amount of time before they can leave?
An NDA is one thing. A non-compete is ridiculous both legally and in reality. If you bought another tow company a non compete is proper, but for a driver it’s unrealistic.
I think non competes are valid for during and after employment for up to 2 years ONLY for high profile business partnerships. It takes years to gain and keep the trust of these partnerships which is the core to keep the business running. Bringing someone in and mentoring them to learn the quality of business and service we give company A for them to replicate and cut us out through lower pricing as a start up? No thanks man. Why would I not protect my livelihood. As far as enforcing a non compete, I think it’s worth it but again, a non compete for ONLY established high profile clients. Losing a revenue generating property that performs a hundred thousand due to a non compete violation is definitely worth 10k-15k in lawyer fees. Take the skills, take the knowledge, start your business, even be a competitor in the area, get your clients, but leave my stability (my existing high profile clients) alone for at least during and after 2 years.
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Employee retention is far better than non compete agreements at the end of the day.
In my opinion great employees are rare compared to mediocre and even bad ones. Make sure you retain the guys that the other companies could want.
Unless this particular company is paying ABOVE AND BEYOND what the majority of operators make I’d laugh in their face.
I never expected to be trained. I paid for my Wreckmaster classes and never expected a company owner to do it for me because I wanted to learn.
I worked for a company that was acquired by Location Services and with all their failed “run the company through attorneys and accountants(I am an accountant by education)” business model never were we asked to sign a non compete. EDIT-We did sign the typical NDA for the business model, etc.
"non-compete" is a word from the Weakness Library! a monopoly tactic!
So can you get them to sign a noncompete to not go work for another company after you put a lot of time in training them or make it where they have to stay a certain amount of time before they can leave?
nope. you can have them sign a non-solicitation agreement, but 99% chance that a non compete will be unenforceable.
An NDA is one thing. A non-compete is ridiculous both legally and in reality. If you bought another tow company a non compete is proper, but for a driver it’s unrealistic.
I think non competes are valid for during and after employment for up to 2 years ONLY for high profile business partnerships. It takes years to gain and keep the trust of these partnerships which is the core to keep the business running. Bringing someone in and mentoring them to learn the quality of business and service we give company A for them to replicate and cut us out through lower pricing as a start up?
No thanks man. Why would I not protect my livelihood.
As far as enforcing a non compete, I think it’s worth it but again, a non compete for ONLY established high profile clients. Losing a revenue generating property that performs a hundred thousand due to a non compete violation is definitely worth 10k-15k in lawyer fees.
Take the skills, take the knowledge, start your business, even be a competitor in the area, get your clients, but leave my stability (my existing high profile clients) alone for at least during and after 2 years.