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By Staff Reporters
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FTC Votes 3-2 to Ban Non-Compete Agreements, but Legal Challenges Expected
The Federal Trade Commission (FTC) just voted 3-2 to issue a final rule striking new non-compete agreements for all workers and phasing out existing non-competes for all but senior executives across “most employers.” The ban does not apply to non-profits including many of the country’s healthcare provider organizations due to the limitations of the FTC’s jurisdiction, one of several points of contention that has been raised by hospital industry groups that have opposed the ban.
The final rule will take effect 120 days after its publication in the Federal Register. To be in compliance, impacted employers will need to stop enforcing existing non-competes with workers other than senior executives, inform those who are no longer bound by existing non-competes and stop initiating new non-competes for all workers going forward, FTC staff said during an open meeting on the final rule held last week.
Source: Dave Muoio, Fierce Healthcare [4/23/24]
Moreover, the stay-or-pay contract practice requires nurses to put in a certain amount of time “or be required to pay money to their employer for an alleged debt, which could be tied to so-called training, a sign-on bonus, or other costs their employer claims are related to their employment,” according to National Nurses United (NNU), a union that represents about a quarter of a million registered nurses (RNs).
“The new FTC rule is a step in the right direction for nurses and those aspiring to take on this critical role in our communities,” NNU President Nancy Hagans said in a statement.
MORE: https://tinyurl.com/bdethdwh
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Filed under: "Doctors Only", Career Development, Experts Invited, Risk Management | Tagged: Dave Muoio, Fierce Healthcare, FTC, Nancy Hagans, National Nurses United, non compete agreements, non-compete, nurses, NUU, Registered Nurses, Risk Management, RNs |
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