What the FTC Ban on Noncompete Clauses Could Mean For You

The impact of the Federal Trade Commission (FTC) on banning noncompete clauses has created concern and spawned many comments from business owners and employees.

Some welcome this change, saying it will open up the labor pool and allow employees to move around from one job to the next with no restrictions. Others, specifically business owners and executives, fear this may lead to losing valuable employees to their competition, perhaps with departing employees taking client information with them. Even worse, some fear losing company secrets, as an employee may depart for a position with a rival firm. And all of this also opens up the possibility of an employee starting his or her own company, using what they have learned from their previous employer to their advantage.

What has the industry said? In a recent online poll published by ISSA, the majority (53%) of respondents said they were pleased with this FTC ruling. They indicated that it opens up the labor pool, bringing more applicants to their companies. Nearly a quarter (24%) said they didn’t see it impacting them, and 15% were concerned with staff retention.

In this episode of Straight Talk!, Scott Tackett, a business development advisor with Violand Management Associates and an industry expert in human resources issues, shares his thoughts and concerns as they relate to the cleaning and restoration industries. Watch the video or listen to the podcast below.

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ISSA membership provides unparalleled opportunities to improve your operations, boost your profits, and make valuable connections. Learn more about the benefits that are in store for you as an ISSA member by viewing the  ISSA membership form page today!