Can I working for a competitor after resignation?
Can I working for a competitor after resignation?
Unless you have signed a non-compete clause, there is nothing that prevents you from accepting employment with a competitor, and therefore, nothing that compels you to disclose this information to your current employer.
When an employee goes to a competitor?
When a key employee leaves to go to a competitor, the former employer often scrambles to seek a court injunction to prevent the employee from working for the competitor and to stop the employee from disclosing or using trade secrets and confidential information.
Can I join another company during notice period?
6) If the new employer has no problems with your not getting a relieving letter or experience letter then you may just join the new employer after the required days of notice in the current company. The company can not act against you in law.
Do I have to tell my company Im going to a competitor?
No if: You’re Going to a Direct Competitor Unfortunately, some companies will ask you to leave immediately if you’re going to work for a competing business, and you won’t get to work out your notice period. If you’ve seen things play out this way before, keep it to yourself.
Why do companies poach?
Employee poaching (talent poaching) or job poaching is the recruiting of employees who work at competing companies. The term “poaching” is associated with illegal hunting, but job poaching isn’t, for the most part, unethical or illegal and can help to ensure a competitive job marketplace.
What happens when you resign to work for a competitor?
If word gets out that you are resigning to join a competitor, be prepared for disappointment, anger or resentment from your employer. Some bosses feel like they’re being abandoned or betrayed when an employee leaves for a competitor, and this can be exacerbated if your boss was your mentor or a close friend.
Can a company sue an employee for joining a competitor?
The question is whether the employer can proceed against you for breaching the clause relating to not joining competitor company within stipulated period, the answer is yes, provided the relevant clause in the Appt letter provides for recovery of damages in the event of breach which you have accepted.
What should I do if I leave my job to join a competitor?
Write a formal resignation letter and arrange a private meeting with your boss to discuss your plans. You don’t have to say where you’re going, but your secret isn’t likely to stay hidden for long. If word gets out that you are resigning to join a competitor, be prepared for disappointment, anger or resentment from your employer.
What does it mean to recruit from a competitor?
Recruiting from Competitors… aka “Poaching” In recruiting terms, “poaching” is a dramatic way to say hiring current or former employees from a competitor or similar company. You have open roles that call for certain experience and knowledge and a person who already works in your industry likely has the attributes you’re looking for.