After a fun and rigorous core semester, it’s finally winter break, but I’m not hitting the slopes or soaking up the sun on a beach somewhere warm. Instead, I signed up to go to Seattle with 17 other MIT Sloan students on a technology career trek. While this may sound like an unusual way to spend our vacation time, it’s actually a great opportunity for MBA students to learn more about the technology industry and what it would be like to work for a tech company.
For businesses that use them, non-compete agreements, which typically bar their employees from joining rival companies for one to two years, offer a clear benefit: They prevent employees from going to a rival with the knowledge and skills they have acquired on the job. But these agreements also carry a high cost for the employees, many of whom did not realize they would be bound by them until after they accepted the job offer. According to my new study of more than 1,000 engineers, about one-third of workers who have signed non-compete agreements end up leaving their chosen industry altogether when they change jobs, often at significant financial cost.
From the Washington Post
LinkedIn’s recent IPO is generating tremendous buzz in the world of high-tech and the financial markets. Doubling your stock price doesn’t happen every day, so company euphoria is completely understandable. In fact, passing around the champagne and caviar is a good thing. Company employees should be able to party when good news abounds; celebrating success helps build morale and team cohesion. It also lays the groundwork for Read More