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.
Not hire people
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Medical City Healthcare appoints Allen Harrison to division president - Dallas Business JournalPrior to joining Medical City Healthcare, Harrison served as president and CEO at Methodist Healthcare in San Antonio for four years. Dyer has been part of HCA Healthcare since 2013.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Parkland Foundation CEO Michael Horne on easing access to services - Dallas Business JournalPrior to joining Parkland Foundation, its CEO and president spent about 10 years as an educator.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Southwest Airlines reimbursements are now arriving via PayPal - Dallas Business JournalThe Dallas-based airline has partnered with Hyperwallet to reimburse passengers impacted by the mass cancellations during the holidays.
Source: DallasBizNews - 🏆 525. / 51 Read more »
New Bank of Texas CEO Mark Wade lays out vision, priorities - Dallas Business JournalMark Wade, who has spent more than two decades working at Bank of Texas, became CEO at the beginning of the year following the retirement of longtime leader Norm Bagwell.
Source: DallasBizNews - 🏆 525. / 51 Read more »