FTC’s proposed ban on non-compete agreements receives overwhelming support in public comments

I’ve discussed the proposed ban on using non-compete agreements proposed by the FTC.  Comments are rolling in, now over 4,400 from the public on the government’s website.     Axios analyzed the comments – and their review found just one opposing the ban.  It’s not just tech in there, too – doctors are keen on the change.   Noncompetes bind about 45% of primary care physicians, one survey found

The comment period goes to the end of March.   

While I’m on some staffing news, quoting from Axios, More than 70% of CEOs who lead a portfolio company of SoftBank’s Vision and Latin America Funds say that talent acquisition (74%) and retention (72%) was easier in 2022 than 2021, according to a November 2022 SoftBank Investment Advisers survey shared first with Axios.

 A separate survey from ZipRecruiter previously found that about 80% of recently laid-off tech company workers found a new job within three months of starting their search.

A reminder – even with new data from last week, unemployment claims were at the lowest since April last year. 

I’m going to predict the death of the non-compete.   Businesses can be ahead of it or pushed by a ban later, but it will happen.  Smaller organizations can pivot faster here and can take advantage of perks like this that employees desire.  

And remember, with the availability of talent from top companies like Microsoft, Google, and Amazon, there should be people to go after.    These people are top talent.