Recently I read that for a new hire they mandate 60 days of notice period to leave with the wording under fullest extent of law. Is it true that you can’t leave without 60 days’ notice? Do they pursue it legally? I also read they have arbitration so in that case how it can be enforced legally?
26 replies (most recent on top)
@hw not sure how deferred compensation comes into play or resisting without 30/60 day notice.. thought it was only 1 yr RSU was at stake..if any old timers who quit without serving the entire term and with deferred comp at stake weighs in , that could add clarity
I quit and gave them 8 hour notice. Probably marked ineligible for rehire but ask me if I care? Leaving was the best decision I ever made for my mental health.
True, but then again none of those people are here!
@fg some people might have over $100k in deferred comp, so yes, it can be a big deal.
in laying people off they give you 60 days notice and pay you during that time whether they have you work or not. For the most part there isn't much legal recourse outside of them trying to claw back any vested RSUs from the last year which depending on your stateau or may not be allowed. Regardless of notice period, if you leave voluntarily you give up all unvested RSUs unlike when you are laid off and you get to keep them and they continue vesting.
I find it hilarious that WF requests 60daya notice while laying people off every other Tuesday for the past 7 years. Charlie and crew can F-right off with that garbage. Clowns.
@h4 If you're making that much, you're in a good position to negotiate covering the lost income with a sign-on bonus. Particularly if you're worth it.
So I ask again, is that worth another 2 months in the WF gulag?
@fg If you get a bonus over 50k, at least 20% is in RSUs. So the amount could be substantial.
@gg - you don’t get invested RSRs anyway if you quit even if you do your whole notice period so it literally doesn’t matter
@gg you meant workday and not develop you
Mine says "Currently No Default Notice Period"
This is what is interesting about this site, irrelevant answers!
Question is around legal implications for not satisfying notice requirements. The WF over smart POS are taking about vested stocks and rehire eligibility. Ridiculous!
You could lose unvested RSRs if you don't give a required notice period. You can find yours in Develop You under your profile. Go to the Job section, Employment Data subsection, scroll down to "Notice Periods).
@dy not if you have sufficient age and years of service.
Unvested RSUs, LMFAO.
Is it worth 2 months of your life to get a measly couple grand in RSU a few years from now? Just negotiate it as a sign-on bonus with your hiring company when you leave.
@OP Two weeks notice is the standard
@cy so what you're saying is that any employee has the ability to find all the answers in Teamworks on their own. Kind of makes you wonder what kind of employees we have if they can't do a simple search on their own.
@cy unvested RSUs are forfeited whether you leave in 60 days or not. But if you leave within 60 days, they are really, no, we are serious forfeited?
In India
@dg that's more than enough to make most people comply
At-will employment cuts both ways. They can claw back RSUs (for positions that still get them), and mark you ineligible for rehire, but that's the worst they can do
you can find this all on teamworks/hr support site. They do make the language full of puffery about the fullest extent of the law... but in an at-will employment situation you can't force someone to work for you - period.
The HRSS site also includes the language about what they can/can't do as recourse. Some of that varies by business unit, and depends on specific external regulators. For everyone - marked ineligible for rehire. if you have RSUs unvested they are forfeited and past year of vested can be clawed back. If you divulge what are deemed proprietary/confidential secrets you can be legally prosecuted... but that extends beyond the notice period anyway.
Absolutely no legal binding. Period.
Notice period requirements vary by officer title and range from 30 days to 90 days.
As has been shared on this site before, failure to give the required notice means you will be marked ineligible for rehire. If that's of no concern to you, ignore it.
For those that have stock awards waiting to vest, WF will cancel all remaining unvested stock and they can clawback all stock that vested in the last 12 months. For some, that is the bigger penalty.
Beyond that, there are no teeth in the requirement as they legally can't hold you captive.
There is a 60 day requirement for some positions. Also the “rumor” about management being forced to give poor performance reviews in order to lay team members off with cause and not pay compensation is not a rumor. I spent far too much time in leadership meetings listening to their game plan and patting themselves on the back as they could save millions not paying compensation. I myself was forced to leave as were many of my peers. I hope Charlie enjoys the extra compensation he has received for the havoc he has caused to thousands of employees.
@af 60 days notice is now required for certain job levels if you want to keep your restricted stock rights.
Is it true that you can’t leave without 60 days’ notice? False. You can leave without any notice.
Do they pursue it legally? No legal action can be taken for violating notice terms.
I also read they have arbitration so in that case how it can be enforced legally? Not applicable for violating notice.