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Last month in long-telegraphed vote, the Federal Trade Commission approved a rule banning non-compete contracts. The commission determined non-competes represent an unfair method of competition because they restrict the free flow of workers. Since the initial draft rule was released, business groups have criticized the idea. Non-compete agreements serve “vital procompetitive business and individual interests,” […] The post Ohio workers, still bruised by their experience, pleased to see FTC banni ....
The Federal Trade Commission argues that non-compete contracts reduce wages by curtailing the flow of workers between employers and stifling the creation of new businesses. ....
Business Today reviewed employment contracts of the top Indian IT companies like TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra and also spoke to lawyers to get more insight about the same. ....