Non-Compete Agreements in the Workplace Will Be banned in 2023! Learn How This Will Impact Employers!
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Date
Mar 10, 2023 -
Time
13:00 PM EST -
Duration
90 Min
Overview:
About one in five
American workers—approximately 30 million people—are bound by a non-compete
clause and are thus restricted from pursuing better employment opportunities. A
non-compete clause is a contractual term between an employer and a worker that
blocks the worker from working for a competing employer, or starting a
competing business, typically within a certain geographic area and period of
time after the worker’s employment ends. Because non-compete clauses prevent
workers from leaving jobs and decrease competition for workers, they lower
wages for both workers who are subject to them as well as workers who are not.
Non-compete clauses also prevent new businesses from forming, stifling
entrepreneurship, and prevent novel innovation which would otherwise occur when
workers are able to broadly share their ideas.
Noncompete clauses can
exploit workers and hinder economic liberty. Workers often have
less bargaining power
than their employer. In many cases, noncompete clauses are take-it-or leave-it
contracts that exploit workers’ lack of bargaining power and coerce workers
into staying in jobs they would rather leave. To varying degrees, each state
restricts employers’ ability to enforce noncompete clauses due to concerns that
they harm workers and threaten a person’s ability to practice their trade.
Session Highlight:
· Learn how this issue
has been brought to the forefront after the State of the Union Address
· Learn how the Federal Trade Commission disagree about the reasons for non-compete agreements
· Learn what other federal regulatory agencies are doing about non-compete agreements
· Learn how some states have already made banning non-competes part of their regulations
· Learn why Employers say non-competes are needed in the workplace
· Learn how the rule would provide that noncompete clauses are an unfair method of competition. As a result, the rule would ban employers from entering noncompete clauses with their workers, including independent contractors
· Learn how the rule would require employers to rescind existing noncompete clauses with workers and actively inform their employees that the contracts are no longer in effect
· Learn why this ban impacts employees and largely minority employees
· Learn what the rule will do for employees
· Learn what the specifics are when Employers create and mandate non-compete agreements
· Learn how employees are reacting to the non-competes
Why Should You Attend:
The Federal Trade
Commission proposes preventing employers from entering into non-compete clauses
with workers and requiring employers to rescind existing non-compete clauses.
The Commission estimates that the proposed rule would increase American
workers’ earnings between $250 billion and $296 billion per year. The
Commission is asking for the public’s opinion on its proposal to declare that
non-compete clauses are an unfair method of competition, and on the possible
alternatives to this rule that the Commission has proposed.
The state regulatory
agencies are also reviewing the need for non-compete agreements and some have
already banned non-competes. It is critical to learn what each state
requirements are and how Employers need to be compliant.
Benefits For Attending:
This training will provide you clarity on proposed changes in non-compete agreement, fines & penalties. In addition, each training I offer free customized compliance tools for all attendees. Also get:
· SHRM Recertification
PDU Credits
· Free customized compliance tools in the form of guides, templates, policies, and toolkits
· Additional HR Compliance Supplemental Slides
· Free answer to all questions even after the training ends
Who Should Attend:
· All Employers
· Business Owners
· Company Leadership
· Compliance professionals
· HR Professionals
· Managers/Supervisors
· Employers in all industries
· Small Business Owners
· Large Business Owners
Ask your question directly from our expert during the Q&A session following the live event.
Margie Faulk is a senior level human resources professional with over 15 years of HR management and compliance experience. A current Compliance Advisor for HR Compliance Solutions, LLC, Margie, has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public, Non-profit sectors and international compliance. Margie has provided small to large businesses with risk management strategies that protect companies and reduces potential workplace fines and penalties from violation of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural.
Margie’s area of expertise includes Criminal Background Screening Policies and auditing, I-9 document correction and storage compliance, Immigration compliance, employee handbook development, policy development, sexual harassment investigations/certified training, SOX regulations, payroll compliance, compliance consulting, monitoring US-based federal, state and local regulations, employee relations issues, internal investigations, HR management, compliance consulting, internal/external audits, and performance management.
Margie holds professional human resources certification (PHR) from the HR Certification Institution (HRCI) and SHRM-CP certification from the Society for Human Resources Management. Margie is a member of the Society of Corporate Compliance & Ethics (SCCE).
1.5 SHRM-CP & 1.5 HRCI Credits