Hansen Recruiting’s Post

Breaking News: A new rule, by way of the Federal Trade Commission, prohibits companies from enforcing noncompete agreements on anyone other than senior executives. This rule also forbids employers from imposing new noncompete contracts on senior executives going forward. Court challenges are sure to follow. #noncompete #employmentlaw

Now that the FTC has voted to ban most noncompete agreements, it's crucial for workers and businesses to review their contracts and strategies. Companies should explore alternative ways to safeguard trade secrets and invest in workforce development. This change could unlock more job opportunities and improved terms for workers, potentially boosting wages for millions of Americans. #FTC #NoncompeteBan #JobMobility #WageIncrease

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert

Non-compete agreements are off the table...right? I wouldn't get all amped up yet, the Chamber of Commerce has already filed suit to block the FTC's ruling, so let's wait and see for now. I have had extensive experience in 1099 business models and the like, and I will tell you this, in 25-30 years in the business world, most of these agreements, if enforced, are generally not upheld by courts; but why? What I have learned is that you cannot take away someone's livelihood or ability to generate income inside their trade or field...most courts have agreed and sided, rightly so in my opinion, with workers. I do side with the workers but, only in egregious cases, I do feel companies should have some recourse & protection; full noncompete agreements should be banned! What does everyone think?

As many are aware, the FTC voted yesterday in favor of its rule effectively banning the use of non-compete agreements. Click the link below for a V&E breakdown of what this means for employers going forward. #Noncompetes #employmentlaw #FTC #noncompeterule #antitrust #unfaircompetition