for the proposed ban — which it estimates will increase workers’ earnings by $250 billion to $296 billion per year — is that these clauses are unfair both to workers, who are prevented from pursuing other opportunities, and employers, who can’t hire the workers bound by noncompetes.
The FTC Notice of Proposed Rulemaking was issued on January 5, 2023, and the 60-day period for public comment closed on March 10, 2023. Once a final rule is published in the Federal Register, companies will have 180 days to comply.suggests that banning noncompetes might enhance overall innovation in an industry sector or region, things look different from the point of view of individual employers.
The impact of a noncompete ban may pose the greatest risk with higher-level employees and those with specialized skills who have knowledge of intellectual property, customers, and business strategy that would make them attractive to competitors. In an effort to increase employee engagement, many companies share key operating results and strategy information with employees below the senior management level.
For instance, exposing information about your company’s pay strategy could better enable competitors to set pay levels in order to poach your talent. Of course, pay transparency cuts both ways: You’ll also see your competitors’ pay levels in states with these laws.
We've known Biden is a criminal since 2015. Why tf isn't he in prison ? Because our government is corrupt af