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Navigating the New Normal: Non-Compete Agreements in Flux
Manage episode 414657478 series 3532687
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The Old Jarhead is back with career advice on Non-Compete Agreements.
• Non-compete agreements are contracts that restrict an employee's ability to work for a competitor after leaving a job.
• Employers use them to protect their trade secrets and investments in employees, but they can limit job opportunities for workers.
• The US Federal Trade Commission recently ruled that non-compete agreements are no longer legal, sparking debate and potential legal challenges.
• The Old Jarhead has experience on both sides of the issue and offers his thoughts on the ruling.
• He believes the FTC exceeded its boundaries, and the impact may be minimal for junior and mid-level employees but could be detrimental for small businesses with valuable trade secrets.
• Ultimately, lawyers and lobbyists will likely profit from this decision while it is being sorted out.
• Business owners shouldn't panic yet, and employees still constrained by non-compete agreements shouldn't celebrate prematurely.
• To keep growing professionally, he recommends checking out his podcast, "Be the Ultimate," and giving his book, "Find a Job That Fits Your Life," a read.
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