In brief
If the US Federal Trade Commission’s final rule on noncompetes comes into effect (despite ongoing legal challenges), it will impose a nationwide, nearly complete ban on worker noncompete agreements. This ties in with a broader trend which sees global antitrust regulators closely monitoring HR practices. Specifically, antitrust regulators are now looking beyond competition among companies offering similar products and services, to the competition between employers as they vie to attract and retain employees. The increased scrutiny means that companies who agree not to poach employees from other firms or engage in wage-fixing face significant financial and even criminal risks.
To help employers ensure antitrust compliance around the globe, we have rounded up relevant resources and updates from our teams. A full copy of the alert can be viewed here.