Roughly one in five American workers, about 30 million people, are bound by a non-compete clause. This non-compete agreements webinar explains what these clauses are and why they have drawn regulatory attention.
A non-compete stops a worker from joining a competitor or starting a competing business, usually within a set area and period after leaving. Critics say they keep workers in jobs, lower wages for workers bound and unbound, limit new businesses and slow innovation, and are often offered on a take-it-or-leave-it basis.
Each state limits enforcement of non-competes to some degree. The session reviews the Federal Trade Commission's proposed rule that would treat non-compete clauses as an unfair method of competition, along with the employer view of why they are needed.
WHY SHOULD YOU ATTEND?
The FTC proposed barring employers from entering into non-compete clauses with workers and requiring them to rescind existing ones, estimating that this would raise workers' earnings by $250 billion to $296 billion a year. Employers that use non-competes need to understand the arguments and the state rules that already apply.
The session suits employers in all industries, business owners, company leaders, compliance and HR professionals, and managers.
AREA COVERED
- How the issue gained attention after the State of the Union address
- Where the FTC disagrees with the reasons given for non-competes
- Why employers say non-competes are needed
- How the rule would declare non-compete clauses an unfair method of competition and ban them for workers, including independent contractors
- How the rule would require employers to rescind existing clauses and notify workers
- Why a ban affects employees, especially minority employees
- What the rule would do for employees
- The specifics of how employers create and require non-compete agreements
- How some states already ban non-competes
LEARNING OBJECTIVES
- Explain what a non-compete clause is and how it restricts workers
- Describe the FTC's proposed rule and its reasoning
- Weigh employer arguments for non-competes against the FTC's concerns
- Understand what rescinding existing clauses and notifying workers would involve
- Identify how states restrict or ban non-competes
WHO WILL BENEFIT?
- All Employers
- Business Owners
- Company Leadership
- Compliance professionals
- HR Professionals
- Managers/Supervisors
- Employers in all industries
The FTC proposed barring employers from entering into non-compete clauses with workers and requiring them to rescind existing ones, estimating that this would raise workers' earnings by $250 billion to $296 billion a year. Employers that use non-competes need to understand the arguments and the state rules that already apply.
The session suits employers in all industries, business owners, company leaders, compliance and HR professionals, and managers.
- How the issue gained attention after the State of the Union address
- Where the FTC disagrees with the reasons given for non-competes
- Why employers say non-competes are needed
- How the rule would declare non-compete clauses an unfair method of competition and ban them for workers, including independent contractors
- How the rule would require employers to rescind existing clauses and notify workers
- Why a ban affects employees, especially minority employees
- What the rule would do for employees
- The specifics of how employers create and require non-compete agreements
- How some states already ban non-competes
- Explain what a non-compete clause is and how it restricts workers
- Describe the FTC's proposed rule and its reasoning
- Weigh employer arguments for non-competes against the FTC's concerns
- Understand what rescinding existing clauses and notifying workers would involve
- Identify how states restrict or ban non-competes
- All Employers
- Business Owners
- Company Leadership
- Compliance professionals
- HR Professionals
- Managers/Supervisors
- Employers in all industries