The Federal Trade Commission (FTC) has issued a final rule banning non-compete agreements, a move expected to significantly reshape the labor market and impact human resources strategies. Experts are debating whether this will lead to an increase in quit rates or if they will level off. The rule’s authority is under scrutiny, with some questioning its legal foundation, particularly given the current Supreme Court's likely skepticism. The timeline for the implementation of this rule is being closely watched, and a ruling on a preliminary injunction could come at any time, as Judge Ada Brown has decided to rule based on the briefing without oral arguments. Comparisons are being drawn between the FTC's rule and existing California law, which already limits non-competes.
Update: There will be no arguments at the district court in the challenge over the FTC's non-compete rule, with Judge Ada Brown saying she'll rule on the preliminary injunction based on the briefing. So, a ruling could come at any time. https://t.co/E3amVKgxPc https://t.co/GvRAhsF129
FTC Non-Compete Ban Timeline https://t.co/fSZSN7FXku
As @gushurwitz explains, the FTC's authority for its noncompete rule is far less certain than some claim — and not only because of likely skepticism from the current Sup. Court. A 🧵 briefly summarizing his arguments: https://t.co/zfxHlm6i7A
As Feds Stalk Anticompetitive Mergers, What Can Competitors Do? https://t.co/hNeFqSB1qo
Business as Usual in California? Comparing the FTC’s Noncompete Final Rule to California Law https://t.co/wwOrW6hqYT #FTC #Work #Noncompetes @GT_Law https://t.co/VTgZ4e3hGW
Periodically, I try to call attention to really important issues that fly under the popular radar. One of those is depicted in the below JPEG from the Federal Trade Commission's website. It’s about the FTC banning noncompetition agreements (i.e., “noncompetes”) in most… https://t.co/zS67k1pWua
FTC’s Final Rule Banning Non-Competes: What Is It and How “Final” Is It? https://t.co/QJVHcbct01
Experts believe the #FTC ban on #noncompete agreements will reshape the labor market and impact #HR strategies. Will quit rates rise or level off? #EmploymentLaw #TalentManagement https://t.co/AeM0TRkd8u