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It's Federal Trade Commission Friday!!! Wait? Is that really a thing? Well, today it is... There have rumblings amongst businesses about the FTC Noncompete Ban. How does it affect your business? Will it affect your business? Check out some of the highlights regarding the the new law being enacted, important dates, and a free download of How to Prepare Your Business for the FTC Noncompete Ban in our latest HR Bulletin. https://hubs.ly/Q02BTG7Y0 #FTC #Noncompete #NoncompeteBan #FederalTradeCommission #SmallBusiness #HR #HumanResources #Employee #EmployeeBenefits

Exciting news from the Federal Trade Commission! Today, they've issued a final rule aimed at promoting competition by banning noncompete agreements nationwide. This move is set to safeguard workers' freedom to switch jobs, boost innovation, and stimulate new business creation. The FTC estimates that this ban will not only lead to increased worker earnings but also spur the formation of over 8,500 new businesses annually. Additionally, it's projected to drive innovation, potentially yielding thousands of new patents each year. How do you think this sweeping ban on noncompete agreements will reshape the dynamics of the job market and foster innovation within industries? #FTC #NoncompeteBan #BusinessInnovation #EmploymentLaw #NoncompeteAgreements #FTCDecision

Recently, the Federal Trade Commission (FTC) issued a final rule banning noncompete agreements in most aspects of employment. Specifically, the agency believes the ban will help promote competition between businesses. As a result of eliminating noncompete agreements, the FTC says a worker’s fundamental freedom to change jobs is now protected. Additionally, the agency believes that innovation will increase and new businesses could be formed. https://lnkd.in/ggqnKez8 #employers #employmentlaw #ftc #noncompete #humanresources

The FTC just voted 3-2 to ban noncompete agreements, which bar workers from jumping to or starting competing companies for a period of time. 30 million workers (1 out of 5) are affected by noncomplete clauses. Curious what happens from here – greater individual job optionality (to join competitors) could allow for people to move into roles that they're more suitable for. On the flip side, could also make it harder to enforce trade secrets (especially in the context of technology) and cause faster employee churn.

The Federal Trade Commission has established new rules banning noncompete agreements for most jobs, a move that could reshape the job market and give workers more freedom to change employers. This Associated Press article discusses the implications of the FTC's proposal, examining how it might affect employee mobility, employer competition, and overall economic dynamics. Read more here: https://lnkd.in/ekJ9dxay

Huge News: Today, the Federal Trade Commission decided to ban noncompete agreements nationwide. These agreements forbid employers from preventing former employees from competing with their business after they leave. This ban "protects the fundamental freedom of workers to change jobs, increase innovation, and foster new business formation.” Could this backfire? #ftc #noncompete #employers #business #legalnews #businesslaw #employeelaw 

🚨 Big news for workers! 🎉 The Federal Trade Commission has just ruled that non-compete agreements are now illegal, in any scenario. This new rule means no more bosses can bind employees with these restrictions, and almost all existing non-competes are now void. This is a monumental shift towards greater freedom in the workforce! #WorkerRights #FTC #NonCompeteBan 🚫💼 https://lnkd.in/g-KP8zvG

In a historic decision, the Federal Trade Commission voted today in favor of a nationwide ban on noncompete agreements, which are very common in healthcare and tech, among many other industries. Under this new rule, existing noncompetes for the vast majority of workers will no longer be enforceable after the rule's effective date. While the rule will take effect in 120 days after publication in the Federal Register, it is highly anticipated that various organizations will file litigation to challenge this decision. Stay tuned... https://lnkd.in/eRjyrwJ6 #noncompete #employment #employmentlaw #litigation #healthcare

Non-Competes illegal??? This week, the Federal Trade Commission voted to prevent most employers from enforcing non-compete agreements against their employees, affecting nearly 30 million workers across the United States. We provide a summary and key considerations for businesses here: https://okt.to/0xWACy #FTC #noncompetes