New Rule Set to Ban 'Noncompete' Agreements for Majority of Employees

Tuesday, 23 April 2024, 21:31
The Federal Trade Commission (FTC) has proposed a new rule aiming to prohibit 'noncompete' agreements for a significant portion of the workforce. Currently, around 30 million individuals, representing one in five workers, are bound by these restrictions. If implemented, the rule could reshape employment practices and enhance labor mobility for a large segment of the population.
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New Rule Set to Ban 'Noncompete' Agreements for Majority of Employees

New Rule Aiming to Ban 'Noncompete' Agreements

The FTC has introduced a proposal to prohibit 'noncompete' agreements that currently affect around 30 million workers.

Impact on Workforce Mobility

If the new rule is enacted, it could dramatically alter the employment landscape, freeing a significant portion of employees from restrictive clauses.

  • This move could boost job market dynamics
  • Enhance employee freedom and mobility

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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