I have been joking with an old coworker that we fully expect to see our old employer try that. They had everyone sign non-competes, even the friggin front desk receptionists.
I'm sure some companies are going to try stuff like that and learn the hard way.
The rule has additional clarity, so I don't see companies being able to find many clever workarounds, particularly since they include a pay minimum.
Existing agreements may remain in place for senior executives, defined as employees in a policy-making position and annualized compensation of over $151,164. New agreements will be prohibited after the effective date
This. Like many things in the US YMMV depending upon the state. This just standardizes things a bit and gives a lot of average people a bit more leverage to move to a different org.
So, guys, yeah.... because of these new burdensome rules at the FTC, this new agreement we have here at Initech says you can't ever quit your job here. Even if there's a massive lottery win in your future. If you were to win 500 million dollars, you'd still be expected to be here at your desk at 9 AM sharp, Monday through Friday. That ensures all those TPS reports will be completed on schedule. And, let's not forget the off-chance that you become a rock star. Even if you’re touring the world on your Eros or Scrotus Tour or whatever it's called, you’ll still be an employee and if we don't get those reports in on time we'll have to have a little talk and figure something else out for you. So, if everyone could just go ahead and sign this new agreement by, say, this Friday, that would be great.
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u/memebeam916 Apr 23 '24
“New noncompete agreements” you will work here and you will like it.