The Federal Trade Commission recently voted 3-2 to ban non-compete agreements.
Companies are gearing up for mass resignations after a new non-compete ban goes into effect. As a result of the change, nearly one in four business executives said they think employees will quit and find new jobs, according to a recent Clarify Capital report.The Federal Trade Commission recently voted 3-2 to ban non-compete agreements, which experts say is already having ramifications across the job market.
Roughly 24 percent said employees will likely leave for new employment opportunities due to the change, and 16 percent said they can foresee employees leaving to start a rival business.There are some ways company leaders are thinking about preventing this, though. Around 88 percent of employees said increased wages could prevent them from leaving. Meanwhile, 61 percent said increased bonuses would do the trick.
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