I've heard of others leaving Global Tech to go work at another Bank or financial company and immediately having their access shut down while still getting paid out for their notice period. Does this always happen when you leave for another company? Or is it just another finance company? Does it matter how much notice you give, 3-4 weeks versus a standard 2 week notice? Am curious if anyone has experience with this.
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Truly depends on the situation, role, responsibilities, how well you're known and future role at the competitor.
I've known people who respectfully submitted their notice for 2, 3, 4 weeks, 90 days pr what ever is required by their role. (it's in your profile in Workfarce), cross reference your band/dept to a separate chart on Flagscape. Yes, they make it that hard to look up)
But then again, we often see top leaders (B1, B2, vice chairmen, EVPs, etc.) give notice they will be leaving "at the end of the year" to "pursue other opportunities" (wink, wink) at blah-blah competitor. (It's important to remain on the payroll thru Dec 31 if you want your bonus, which for anyone leaving 2nd half of the year, I'd recommend since you already earned half of what you're due.)
These leaders are then put on "garden leave" thru yearend and goi on a fully paid and insured golf or skiing holiday with their families.
If they view your departure as an intellectual property threat, you will be escorted out and your personal items will be packed by a colleague and messengered to you. You still get paid thru period end though.
So, really depends on where you sit, how you are regarded by your manager and team (and if your manager has any sway/pull with HR), your current role and the role/firm you are leaving for, ymmv.
Hopefully they behave like adults and you have a smooth transition.
It's a bit of a cr-p shoot.
40 or over and the demographic breakdown page is in your packet if it’s a layoff.
When I got RIFfed I got exited (not escorted, just handed in my sh-t and left) but I got paid until the end of that month, which was a few weeks, before my severance started,
Interesting, I have never heard of this situation. I'm happy to know that you walked out with a little more than expected.
I wonder what they do during true layoffs. Most states require the employer to provide a demographic statement that details all parties involved in the layoff. If you are over 45 years old you can ask for the demographic information. The employer has X days to deliver the requested information. Once they provide it you have 45 days to challenge your discharge. If the majority of the workers are at 45 years old or higher they just set themselves up to meet with you, the EEOC, and the rest of the employees who are willing to challenge their termination.
Food for thought in your future. I wish you well.
@e5 same commenter just forgot to add, I was in Global Tech.
@OP I left with two weeks’ notice for a non-bank/financial company and I was asked to work the duration of the two weeks. But I was also asked by my manager if I was leaving for a competitor, if I’d said yes maybe I would’ve been let go on the spot with two weeks’ pay.
If you are in technology of about any kind in the bank, you will get let go with 2 weeks paid, even if you give 3 or 4 weeks notice. Can't speak to various banking, customer service, etc. jobs tho.