How to Navigate a Job Offer from a Competitor

When evaluating a job offer from a competitor, there are a number of factors you should consider. Concerns about trade secrets and confidential information could lead to problems for you, your current employer, and the new company. Poorly considered transitions may damage your professional reputation or relationships, and could even possibly trigger legal action by your former company. But that doesn’t mean you have to turn down an exciting opportunity. Start by evaluating your situation, including any noncompete agreements you’ve signed, any confidential information or trade secrets you have access to, and the impact on your professional reputation. If you decide to accept the offer, decide how you want to tell your employer and prepare in advance for questions on how you’ll manage any legal or ethical obligations. Either way, you should be prepared for the potential of an immediate exit. Finally, once you’ve started your new role, stay on top of three areas of continued risk: honor confidentiality, be professional, and comply with legal obligations.