FTC proposes broad ban on noncompete agreements - Jacksonville Business Journal

The Federal Trade Commission has proposed a new rule that would ban noncompete clauses and rescind those currently in effect — a move that could have a seismic impact on employers in a number of fields.

“Research shows that employers’ use of noncompetes to restrict workers’ mobility significantly suppresses workers’ wages — even for those not subject to noncompetes, or subject to noncompetes that are unenforceable under state law," said Elizabeth Wilkins, director of the Office of Policy Planning. “The proposed rule would ensure that employers can’t exploit their outsized bargaining power to limit workers’ opportunities and stifle competition.

The rule exempts noncompete clauses that stem from a person who is willingly selling a business entity or otherwise disposing of all of their ownership interest in a business entity, the FTC said. But the rule that was proposed today is unlikely to be the final rule, Glennon stressed, since it will go through the comment period before it is finalized. Once it is finalized, it will most likely face court challenges. And beyond that, the rule could still change under future administrations, Glennon said, pointing to wage and hour issues and Title 9 issues that have changed from administration to administration.

Legal experts zeroed in on the broad nature of the FTC ban, noting that noncompetes at higher levels, such as executives, are offered along with tangible benefits.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

IRS increases business mileage rates for 2023 - Jacksonville Business JournalAlthough gas prices have fallen from their inflation-inducing prices from last summer, the IRS has decided to raise the rate yet again for individuals who claim the business mileage deduction.
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »

Ponte Vedra-based National Auto Care acquired by APCO Holdings - Jacksonville Business JournalPonte Vedra-based National Auto Care acquired by APCO Holdings
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »

Beach Boulevard apartments sell for $37.6 million - Jacksonville Business JournalBeach Boulevard apartments sell for $37.6 million
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »

Florida Gov. Ron DeSantis' reveals plans for Disney's Reedy Creek - Jacksonville Business JournalThe Reedy Creek district's future has been a major concern for many in the region.
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »

The District reopens outdoor seating - Jacksonville Business JournalThe outdoor area was shut down by the city last month.
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »

Construction trade group: Public funding likely to bolster industry in 2023 - Jacksonville Business JournalIt's widely expected across the U.S. construction industry that public-sector projects will help fill an expected gap from the private side this year, but more clarity is being sought for major federal legislation and spending earmarked for infrastructure projects.
مصدر: JaxBizJournal - 🏆 599. / 51 اقرأ أكثر »