Leaving Jones

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Dec 22, 2006 10:57 pm

I have been with Jones for 30 months and am leaving to go to a bank as a licensed financial consultant.  I  plan to resign at the end of this year and wait until Feb. 1st to start at the bank.  Will that get me off of the radar at Jones for the training cost?


Thank you for your response

Dec 22, 2006 11:10 pm

Maybe they'll come after you, maybe not. The larger point, however, is that

you made an agreement, so live up to it. You've made 30 months, so you

can do six more. Tell the bank that you made an agreement with Jones that

you feel you should honor, and ask if they'd hold a position for you until

then. Use the time to deepen your relationships with your best clients.

Then you can walk out with your honor intact while owing Jones nothing.

Dec 22, 2006 11:52 pm

Starka is correct. You gave your word....live up to it.

Dec 23, 2006 12:26 am

Thanks for the moral advice.  All I want to know is if they will come after me for the training cost.

Dec 23, 2006 12:27 am

yes

Dec 23, 2006 9:10 pm

Everyone will know where you went...it's not some big secret.

Dec 23, 2006 9:11 pm
louis:

Thanks for the moral advice.  All I want to know is if they will come after me for the training cost.



IT's not just "moral advice", it's about keeping your word and having a little honor....but I can tell you don't get that concept.....

Dec 24, 2006 2:08 am
joedabrkr:
louis:

Thanks for the moral advice.  All I
want to know is if they will come after me for the training
cost.



IT's
not just "moral advice", it's about keeping your word and having a
little honor....but I can tell you don't get that concept.....





It's also no good if other people ever call your references. I.e your
former Jones BOM, says you are a piker who quit after 30 months with 6
more to go till the end of contract.




Dec 24, 2006 9:42 am

Figure that they will come after you and make that part of the decision.  If they don't come after you (and they will) consider it gravy.  If they do - figure you can settle  for .50 on the dollar.  I wouldn't worry about references from your former BOM.  What firm would take what your former BOM has to say seriously?  I've never heard of a firm calling a previous firm for a recommendation. 


On the morals thing - as I've said on here before, your firm (any firm) would cut you loose in a minute if they thought you were a liability.  Don't give your commitment to them a second thought - they got 60% (probably more) for the past 30 months.  They didn't lose a dime on you.

Dec 24, 2006 9:47 am
NOFX:

Figure that they will come after you and make that

part of the decision. If they don't come after you (and they will) consider

it gravy. If they do - figure you can settle for .50 on the dollar. I

wouldn't worry about references from your former BOM. What firm would

take what your former BOM has to say seriously? I've never heard of a

firm calling a previous firm for a recommendation.



On the morals thing - as I've said on here before, your firm (any firm)

would cut you loose in a minute if they thought you were a liability. Don't

give your commitment to them a second thought - they got 60%

(probably more) for the past 30 months. They didn't lose a dime on you.




The morailty notwithstanding, a contract was signed. Thirty months later

is no time to discuss whether or not the company made or lost any money

on the employee.

Dec 24, 2006 12:27 pm
Starka:
NOFX:

Figure that they will come after you and make that
part of the decision.  If they don't come after you (and they will) consider
it gravy.  If they do - figure you can settle  for .50 on the dollar.  I
wouldn't worry about references from your former BOM.  What firm would
take what your former BOM has to say seriously?  I've never heard of a
firm calling a previous firm for a recommendation. 



On the morals thing - as I've said on here before, your firm (any firm)
would cut you loose in a minute if they thought you were a liability.  Don't
give your commitment to them a second thought - they got 60%
(probably more) for the past 30 months.  They didn't lose a dime on you.




The morailty notwithstanding, a contract was signed. Thirty months later
is no time to discuss whether or not the company made or lost any money
on the employee.


True.  I'm just saying  he doesn't need to be conflicted about that part of the decision.  I would try to delay the move since he is so close.

Dec 24, 2006 12:58 pm

I agree that it is honorable to finish out your contract.  However, with a built in buyout clause, you must at least confess that paying the contract off in full would be just as honorable.  Now, perhaps less obvious, consider the fact that if you told Jones you were leaving in after X months they would fire you and would in no way want you sticking around.  Once your decision is made it is in their best interest for you to leave ASAP.  If no one benefits by completing the contract isn't it truly more beneficial to all parties to reach a settlement?  My "OPINION" is that to do what is best for you, your family, and Jones, is at the very least "not dishonorable".

Dec 24, 2006 3:28 pm

I absolutely agree with gad12.  Jones would boot you out the door immediately if they even get a whiff you are wanting to leave.  Also do you want to have Jones calling you when you aren't meeting goals, having to sit through boring and stupid productivity meetings, I think not.

Dec 26, 2006 11:02 am
gad12:

I agree that it is honorable to finish out your contract.  However, with a built in buyout clause, you must at least confess that paying the contract off in full would be just as honorable.  Now, perhaps less obvious, consider the fact that if you told Jones you were leaving in after X months they would fire you and would in no way want you sticking around.  Once your decision is made it is in their best interest for you to leave ASAP.  If no one benefits by completing the contract isn't it truly more beneficial to all parties to reach a settlement?  My "OPINION" is that to do what is best for you, your family, and Jones, is at the very least "not dishonorable".



Yah but I don't think this guy is looking to pay the "escape" fee.....he wants to get off free.