How would an FTC ban on noncompete clauses potentially impact your ability to recruit and hire new tech talent?
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Senior Director, Technology Solutions and Analytics in Telecommunication2 years ago
This could be a double edge sword. At one hand it will make it easier and less restrictive on who companies are hiring. On the other hand, it will be hard to protect your IP and your employees.CIO in Services (non-Government)2 years ago
Not very much in the larger picture, but certainly at the C-Suite level.Chief Information Officer in Education2 years ago
Today in Canada non-compete clauses are pretty much unenforceable so I don't see why they would have a great impact on hiring new tech talent. Work product is still work product and owned by the company and if someone takes their knowledge and starts or moves to a different firm that has always been a part of the risk. Taking proprietary code or client lists wouldn't be affected by this either. That is still a no no.
CIO / Managing Partner in Manufacturing2 years ago
Agree, I have talked to employment lawyers in US and Canada before and they have said much the same in terms of them not being enforceable, so in real terms not much difference. However, it may change the mindset and act as a catalyst for more movement with the pluses and minuses that entails.
CIO Strategic Advisor in Services (non-Government)2 years ago
This is largely a non-event. Non-competes today are either not enforceable or there are ways around them. An FTC ban would simply formalize what is already in place at a national level. I don't think it changes recruitment and hiring of new talent.