Washington State and Minnesota have taken steps to restrict noncompetition agreements, with Minnesota also prohibiting non-solicitation provisions in agreements between service providers and customers. The FTC estimates that banning noncompetes will boost new business formation by 2.7% annually, leading to over 8,500 new businesses yearly. Experts anticipate the FTC's ban on noncompete agreements will impact HR strategies and labor market dynamics, potentially affecting quit rates.
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
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
After Banning #Noncompetes, #Minnesota Prohibits Non-Solicitation Provisions in Agreements Between Service Providers and Their Customers https://t.co/ZRIjOdp8mP #employmentlaw #serviceproviders @LawyerMN https://t.co/gLgOlZdCSl
The FTC estimates that the final rule banning #noncompetes will lead to new business formation growing by 2.7% per year, resulting in more than 8,500 additional new businesses created each year. Learn more: https://t.co/uyHKiPihQg https://t.co/Obo8Req5Ob
After Banning #Noncompetes, #Minnesota Prohibits Non-Solicitation Provisions in Agreements Between Service Providers and Their Customers https://t.co/ZRIjOdp8mP #employmentlaw #serviceproviders @EpsteinBecker https://t.co/VqMh9Nuggz
#Washington State Further Restricts #Noncompetition Agreements https://t.co/fGTsH9VZ9T #noncompetes #employmentlaw @WAStateStandard https://t.co/Uz2ntQjmuo