On: New York may ban noncompete employment agreements and Wall Street is not happy

[ghaff]

So what's the incentive to keep working under those conditions?

[tomp → ghaff]

I guess bigger and better bonuses in the future?

Like, why would you quite and semi-retire for 1-2 years when you can keep working for like 5 years and actually retire?

(I'm just LARPing, I have been out of the industry for a few years by now...)

[ghaff → tomp]

I guess it depends where you are in your career. If you're really aiming at a five year time horizon, then I can see it making sense to stick around. But, if you're yonger a year or two fully-paid vacation sounds pretty tempting.

[davidmr → ghaff]

In the financial industry, you don’t get your bonus when you’re on garden leave. This is usually the majority of your pay, so while it’s definitely nice to be paid to do nothing (I’m on garden leave currently until next September), you’re not earning up to your potential.

[mancerayder → ghaff]

Other than getting paid without working for 6-24 months? Did I misread?

[YetAnotherNick → mancerayder]

I think the GP meant why should you work when you can get paid without working.

[dh2022 → YetAnotherNick]

You could work for a much higher bonus and salary. The way gardening leave has been described here is for people who are not looking to take their highly valuable knowledge somewhere else for higher bonus / salary.