The Federal Trade Commission (FTC) has voted to ban noncompete agreements, which have been criticized for reducing earning potential, restricting job mobility, and limiting the ability to start new businesses. One in five American workers have signed a noncompete clause in their employment contracts. The ban, however, only applies to for-profit businesses, raising concerns about its impact on workers in nonprofit sectors, such as hospitals. Federal trade officials emphasized that “no one should be trapped in an unsafe job by onerous contracts.” The new rule has sparked debate, with some viewing it as a boon for workers while others see it as government overreach. Legal experts are advising companies on steps to prepare for the implementation of this rule.
3 Steps to Prepare for the FTC Noncompete Clause Rule https://t.co/AVH6MMB5Z8
ICYMI. Noncompete Rule: Boon for Workers or Government Overreach? https://t.co/ak4jbCu0lg
NEW: “No one should be trapped in an unsafe job by onerous contracts.” Federal trade officials voted to ban noncompete clauses — but have authority only over for-profit businesses. What about workers at nonprofit hospitals? @Meyer_HM reports ⤵️ https://t.co/WXCHAJKkXW
The FTC Bans Non-Compete Agreements – What You Need to Know https://t.co/pgOVLwfrTa
Are Bank Noncompete Agreements Safe? https://t.co/cTj6TvZdwH #noncompetes #employmentlaw #banks #finance @joneswalker https://t.co/cPsKF7hgbl
One in five American workers have signed a noncompete clause in their employment contract. https://t.co/ypRSnCIlp6
Noncompete Rule: Boon for Workers or Government Overreach? https://t.co/AqXPfg0P44
Noncompete agreements being blamed for reduced earning potential, restricted job mobility and a lesser ability to start new businesses. https://t.co/ybCvVobajZ