_ftc-votes-to-ban-noncompete-agreements-boosting-worker-mobility.jpg "FTC Votes to Ban Noncompete Agreements, Boosting Worker Mobility from competitor stocks Video Screenshot Preview")
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⏲ Duration: 0:36
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✓ Published: 26-Apr-2024
👁 View: 515K times
✓ Published: 26-Apr-2024
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The FTC voted to ban noncompete agreements that bar employees from taking jobs with competitors for a set period after leaving a company. Noncompete clauses are commonly used for salespeople and other employees who interact with customers or clients, to prevent them from taking relationships to a new employer. Critics argue noncompetes unfairly limit worker mobility and career opportunities. Supporters say they protect trade secrets and business investments. The new rule faces legal challenges but could significantly impact millions of American workers if implemented.
The FTC voted to ban noncompete agreements that bar employees from taking jobs with competitors for a set period after leaving a company. Noncompete clauses are commonly used for salespeople and other employees who interact with customers or clients, to prevent them from taking relationships to a new employer. Critics argue noncompetes unfairly limit worker mobility and career opportunities. Supporters say they protect trade secrets and business investments. The new rule faces legal challenges but could significantly impact millions of American workers if implemented.
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