Arun Jolly’s Post

Today, the FTC has taken a significant step by banning Non-Compete Agreements. Additionally, for my Chicago network, pay transparency will soon become a reality starting January 2025. This development holds great promise for professionals in our area. In a challenging market like ours, this change couldn't have come at a better time. With the ability for candidates to now access information about potential earnings at competing firms and the freedom to switch employers without facing repercussions, we can anticipate a notable shift in the candidate landscape. Check out the details here: https://lnkd.in/gpPtze-d #FTC #PayTransparency #ChicagoProfessionals #interviewing #hiring #candidates

No more non-competes in the US! The US Federal Trade Commission has voted to ban non-compete agreements which is huge news in the recruitment industry. Overall, I have always disliked non-compete agreements. I have always found them to be a tool used for negative reasons. I've also seen candidates stuck working for a company because they are so embedded in the product/market that they're involved with but have a strict non-compete which stops them from moving to a company in the same field. From this, I have no doubt that it will drive more people to make decisions for themselves, move to companies they find are a better fit, get involved in start-ups, it give employees more power and in turn should boost industry in my opinion. Of course, it brings up the question, how do companies fairly protect sensitive information and protect the business they've built if there is free movement from competitor to competitor...tough question and a valid one for sure as I do think there should be some level of protection here. Anyone got any thoughts on this one? #recruitment #noncompete #employmentlaw

Interesting development re #noncompeteclauses in the US. ❓ Should this happen in the The UK and Europe? ❓ Should certain industries be exempt if they were removed? ❓ How will it impact those people based in the US and but work for companies with offices and hence competitors globally? Thoughts welcome!

We wanted to share an update on the FTC's recent actions on noncompete agreements and its potential impact on the future of recruiting. The FTC has been actively advocating for greater restrictions on the use of noncompete clauses, aiming to promote fair competition and empower employees to seek new opportunities without being held back by restrictive agreements. This shift in policy could reshape the recruiting landscape by fostering a more dynamic and competitive job market where individuals have the freedom to explore diverse employment options without fear of legal repercussions. As recruiters, it's crucial for us to stay informed about these regulatory changes and adapt our strategies to align with the evolving recruitment landscape. https://lnkd.in/g-C3FUs5

In an interview with Mark F. Kluger, Hailey Mensik of WorkLife addresses the Federal Trade Commission’s (FTC) recent ban on non-compete agreements and its major implications for employers and some of their employees. Specifically, the new rule prohibits employers from requiring employees to sign non-competes and renders existing agreements unenforceable with a few exceptions. Mark explains that the FTC’s overly simplistic approach will have the unintended consequence of allowing senior executives to jump to a competitor and potentially destroy their existing employer’s business resulting in significant job losses for employees of that entity. According to Mark, the new rule will not accomplish the goal of job preservation touted by the agency. To read the full article, click here: https://lnkd.in/eqW9nw4Q #FTC #FTCRuling #Noncompete

An interesting review and differing perspectives on the new FTC ruling banning most non-compete clauses in the US compiled by Hunt Scanlon. A few notable stand outs: > The new ruling will lead companies to prioritising retention, advancement of employees and overall culture. > Its understood there will be greater new business formation and higher earning for employees. > There will likely be an increase in innovation industry wide. There are challenges to the ban that are already looming, but one things for sure, this will have a lasting and grand impact on the wider search & staffing industry.

Non Competes: the Federal Trade Commission has issued a ban on new non-competes at all levels. Now, it’s critical to ensure employers do everything they can to retain good talent. This also means that hiring talent from a competitor is now a consideration in every talent search. Considering an addition or upgrade to your team? We can and do include headhunted talent in each search we’re retained to conduct. Reach out to me via direct message if you’d like to chat about a talent requirement that you have. #hirethebest #headhunter #noncompete https://lnkd.in/gmP9jY3t

Amidst the growing challenges in the job market, the FTC's decision to invalidate non-compete agreements for the average worker marks a significant victory. Such agreements have long hindered individuals from finding opportunities in their field of expertise or passion. With this ruling, the looming threat of legal repercussions for transitioning to a different company within the same field diminishes as summer fades. While non-competes may still apply at higher corporate levels, this change offers newfound flexibility for those living paycheck to paycheck. Now, individuals can freely pursue their passions and skills across different organizations, seeking the best fit in terms of pay, culture, and schedule. It's a step towards reclaiming autonomy in our careers, empowering those who were previously restricted from exploring new avenues. Congratulations to all who can now chart their own paths with greater freedom! https://lnkd.in/gUDYJ4jN

The FTC has just announced that it is banning non-competes...IF (and big emphasis on the if) it sticks, then it could make things interesting as we are having to navigate non-competes with many of our placements across sales & business development. It can be very common practice for some life science firms to "buy" an existing book of business by poaching sales reps from a direct competitor and a non-compete ban would only exacerbate this. The amount of times that clients have given me a list of direct competitors to headhunt from and paid very little mind to the specific candidate profile, is already too many to count. Again, we'll see if it holds as the Chamber of Commerce has vowed to sue to block the rule... https://lnkd.in/gB52Xk8X

Imagine a world where switching jobs or starting a small business doesn't mean leaving your book of business behind. A recent article reveals that the FTC has voted to ban non-compete clauses, which could have a broad scale impact on many industries, especially the recruiting landscape. A game changer in staffing and recruiting, simplifying the process and providing MBE certification. Learn more about how this could impact your business and career by checking out the article below. #business #contacts #revenue #recruiting #staffing #diversityandinclusion #MBECertified #bookofbusiness #jobs #recruiting #poaching https://lnkd.in/e6b3N8Ev