FTC Turns Up the Heat for Noncompete Enforcement: 5 Steps for Employers to Stay Compliant in a New Regulatory Era
The Federal Trade Commission just launched a new era of oversight when it comes to noncompete agreements between employers and employees, and the aggressive moves from the agency are turning some heads . On Thursday, it announced the first enforcement action by its newly created task force created to root out anticompetitive contracts that affect the labor market. The agency’s Chairman also released a statement explaining the factors and circumstances it would be keeping an eye out for with noncompetes as the “cop on the beat.” The FTC then called on employees – and even competitors – to turn over information to the agency about employers’ use of noncompete agreements in an effort to find new targets. Finally, on Friday, it essentially put the final nail in the coffin on the Biden-era attempted noncompete ban. What should employers do in the wake of this aggressive new stance from the federal government? Most Significant Takeaways For Employers We dive into each one in more detail...