Does Truist have blanket non-compete agreements with other companies that impact teammates job mobility? Is this info posted anywhere internally?
7 replies (most recent on top)
AVPs don’t troubles themselves by worrying about such nonsense
I came to truist in violation of my last company's non-compete, to not work for a company that uses the software they sold. I told them to their face what I was doing when I gave notice. That sh!t is a scare tactic akin to "don't talk about your wages" and "unions don't work." In court a non-compete is not even of comparable value to the energy used to display the pixels in the font in which it was typed.
@ad Truist and the other companies can execute agreements between themselves without teammate knowledge or consent.
@OP Do you routinely sign things without reading them?
“Non-compete” and “non-solicit” are different things and I’d suggest seeing if you’re under either one. Non-solicits (you can’t proactively encourage other employees, vendors, or customers to follow you) are very common but not universal. Previous post about non-competes being under judicial review is correct. Difficult to enforce or even expect anyone to not compete while staying in the same industry.
It may depend on your role and if you are working directly with a consultant from firms like KPMG, Deloitte, Accenture, KPMG, or PwC. I say go for it, unless the recruiter tells you otherwise! It's also good to note that in 2023, the FTC proposed a rule to ban most non-compete agreements, citing that they suppress wages and limit mobility, but the rule is still under court review and not yet in effect nationwide. Enforcement still varies by state. Some states (like California, North Dakota, and Oklahoma) prohibit non-competes entirely.
Lost an opportunity with KPMG shortly after the major merger because of this issue. The recruiter told me the decision was due to a non-compete agreement that was still in effect. They even worked with their legal team to determine whether the agreement would be grandfathered into Truist after the merger—and it was. Not sure what the status if now, but I'm guessing it's still in place.