need to take a deep breath and review how they use noncompetes.FTC's seismic proposal to ban noncompete clauses
So what should employers be doing right now? Taking a close look at their noncompete agreements, experts say. The rule would affect about 30 million workers, with the FTC saying such agreements, which typically restrict a worker's ability to work in their industry for a certain amount of time or in a certain geographic location, are exploitative and violate the Federal Trade Competition Act. The rule would apply to independent contractors and anyone who works for any employer, paid or unpaid.
That includes how businesses can tighten up their nondisclosure agreements and nonsolicitation agreements so they can’t be deemed to function as de-facto noncompete agreements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CEO Insights: Bradley S. Talbert on Jacksonville's health, economic development - Jacksonville Business JournalThe Business Journal is capturing insights of some of Jacksonville's most prominent CEOs. Here's what Brad Talbert, Chairman of the JAX Chamber has to say regarding 2022 and beyond.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Here's why Gen Z could be a big challenge for Jacksonville - Jacksonville Business JournalThe small size of Gen Z will pose a significant long-term challenge for companies and communities already grappling with a tight labor force. Here's what it could mean locally.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Here's why Gen Z could be a big challenge for Jacksonville - Jacksonville Business JournalThe small size of Gen Z will pose a significant long-term challenge for companies and communities already grappling with a tight labor force. Here's what it could mean locally.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
CEO Insights: Bradley S. Talbert on Jacksonville's health, economic development - Jacksonville Business JournalThe Business Journal is capturing insights of some of Jacksonville's most prominent CEOs. Here's what Brad Talbert, Chairman of the JAX Chamber has to say regarding 2022 and beyond.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
Source: CNN - 🏆 4. / 95 Read more »
FTC noncompete clause ban: How employers should respond - Phoenix Business JournalIt's time to take a hard look at noncompete, non-solicitation and non-disclosure agreements, experts say.
Source: phxbizjournal - 🏆 254. / 63 Read more »