Results for: Non-Compete Agreements

The Federal Trade Commission (FTC) has taken two landmark actions that could significantly impact millions of American workers. The FTC voted to ban non-compete agreements, which prevent employees from leaving their employers for a specific period of time. This move aims to promote job mobility and enhance career opportunities for workers. Additionally, the Biden administration finalized a rule that expands overtime pay eligibility for salaried workers, potentially benefiting millions more. The new rule raises the salary threshold that workers can earn and still qualify for overtime. These changes are expected to face legal challenges, but they represent significant progress towards protecting workers’ rights and improving economic fairness.

The Federal Trade Commission (FTC) voted 3-2 on Tuesday to ban non-compete clauses for most workers. The FTC estimates that the new rule will spur competition, higher wages, and new business growth. However, businesses are not happy with the rule and the U.S. Chamber of Commerce is already suing the FTC to block it.

The Federal Trade Commission (FTC) has moved decisively to ban nearly all non-compete agreements in the United States, a move that will impact millions of workers and businesses alike. This landmark decision follows a comprehensive review of the practice, with the FTC concluding that non-competes stifle innovation, harm competition, and reduce wages.

In a landmark decision, the Federal Trade Commission (FTC) has prohibited U.S. companies from implementing non-compete agreements, which restrict employees from joining or founding competing businesses. The rule, which passed by a 3-2 vote, aims to expand job opportunities and foster competition in the labor market. Notably, approximately 30 million American workers were previously bound by non-compete clauses.

The Federal Trade Commission (FTC) has banned non-compete agreements, which prohibit workers from joining competitors or starting their own businesses. The FTC argues that these agreements harm workers by limiting their job opportunities and reducing their earning potential. Business groups, however, contend that the FTC has overstepped its authority and plan to challenge the measure in court.

The Federal Trade Commission (FTC) has approved a rule banning non-compete agreements, which bar workers from taking jobs with competitors. This move aims to protect workers’ rights and promote competition, but it is expected to face legal challenges. The rule will take effect in four months unless blocked by legal challenges.

In a sweeping move, the Federal Trade Commission (FTC) has prohibited non-compete agreements in employment contracts nationwide. Existing non-competes will become unenforceable for all except senior executives, and companies are barred from entering into new clauses. The entertainment and media industries, where non-competes are prevalent, are expected to be heavily impacted.