Navigating the New Normal: Non-Compete Agreements in Flux

25/04/2024 6 min
Navigating the New Normal: Non-Compete Agreements in Flux

Listen "Navigating the New Normal: Non-Compete Agreements in Flux"

Episode Synopsis

Send me a Text Message.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.