What the FTC's Ban on Noncompete Agreements Means for 30 Million Workers
by Newsweek
Newsweek— The Federal Trade Commission (FTC) has voted to ban employers from requiring workers to sign noncompete agreements, while blocking the enforcement of most existing clauses.The FTC announced a new rule banning noncompete clauses nationally on Tuesday, maintaining in a press release that the move would protect "the fundamental freedom of workers to change jobs" and "promote competition" by "fostering new business formation."An estimated 30 million workers—or about 18 percent of the U.S....
www.ragan.com—Here’s what the FTC’s ban on noncompetes means for employee communications. The FTC delivered its final ruling on April 23 promising business growth, higher wages and rapid innovation. On April 23, the Federal Trade Commission (FTC) delivered a final rule to ban noncompete agreements nationwide, a decision that it claims will allow workers to change jobs or take on additional work more freely, increase innovation and […]
NPR—FTC bans most noncompete agreements between employers and workers. The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from leaving their companies for competitors, or starting competing businesses of their own.
Washington Post—FTC bans noncompete agreements for workers - The Washington Post. The rule makes it illegal to include the agreements in employment contracts and requires firms with active noncompete agreements to inform workers they are void.