HumCap’s Post

Have you failed a 401(k) non-discrimination test this year? As many as 1 in 3 companies do fail. A non-qualified deferred compensation (NQDC) plan may be your answer to resolving qualified plan test failures. Read our blog, “Easy Solutions to Your Failed Non-Discrimination Test,” and take advantage of the guidance Newcleus’ experts can offer. https://hubl.li/Q02t8FcM0

Big ruling from the Federal Trade Commission today effectively rendering noncompete agreements uninforceable for most employees. I know this has big implications for the insurance industry. How are my fellow insurance folks feeling about this? How are other industry folks taking the news? #noncompete #ftc #bignews #publicpolicy #laborlaw

How to Respond to Employee Questions about the FTC’s Noncompete Ban (As a Company that Uses Noncompetes)

🚨 Important #LegalUpdate! 🚨On September 4th, 2024, the nationwide ban on #noncompeteclauses will take effect in the US. This change impacts both #employees and #employers, making it essential to understand its implications. In our latest video, we explain what non-compete clauses are, why they’re being banned, and how employers can still protect their businesses using other agreements. 🔍 Stay informed and prepared. Click to watch and get all the details! 📺

Another take on the groundbreaking F.T.C ruling: https://hubs.li/Q02tZJK00 How will a ban to noncompetes impact your business? Forward this to anyone with employees! #FTC #NoncompeteClauses #Noncompetes #StaffingIndustry

As the Federal Trade Commission's ban on noncompete agreements sends shockwaves across the U.S. business world, the #healthcare industry is preparing for profound change. Smith Hulsey & Busey shareholder Megan Heiden discusses what the ban means for healthcare professionals, how and when it could be implemented, and what legal challenges are on the horizon in a recent panel interview with Cobbe Consulting & Management. Watch the video and read her insights here: https://lnkd.in/ejtviJ8p #LaborandEmploymentLaw #Noncompetes

Whatever happens with the #FTC's #noncompete ban, non-disclosure agreements and non-solicitation agreements are still alive and well, providing #employers a valuable way to protect #tradesecrets and other proprietary information. Read more in this alert from attorney Brandon Elledge.

#BigGovernment under the #BidenAdministration once again sets out to leverage its Awesome Power against #SmallBusiness by appearing to #Criminalize #NonCompete Agreements, an essential aspect for so many businesses to protect #IP (#IntellectualProperty) and other #Proprietary #Assets, as well as the "Sunk Cost" #Investment in #HumanCapital they make in Training & Development of Staff. #BigGovernment appears on a course to kill #Business in #America, with #FamilyOwned often (like my own) #VeteranOwned #SmallBusiness, things like #Criminalizing the use of #1099 #IndependentContractors (requiring they be made #Employees when neither want it!) and the $40,000/yr #MinimumWage that #GovNewsom and the #CaliforniaMarxists and #CaliforniaSocialists put in place to require of 16yr-old counterclerks at #McDonalds, and more. Just so harmful and repugnant!

Important breaking news for the world of #antitrust and #noncompetes. So now, when I give my frequent advice that non-competes are disfavored from a competition perspective, I can beef that up with a citation from an enforcement agency release with an eye-catching title. Much more on this to come…

Ever felt handcuffed by Non-Compete agreements? Big news that could change the game for employees nationwide: The Federal Trade Commission has announced a ban on both existing and future non-compete agreements. This landmark decision aims to dismantle a long-standing practice that many argue limits career mobility and stifles innovation. What does this mean for you? In essence, companies can no longer legally enforce non-compete clauses that prevent you from switching employers, joining competing businesses, or even starting your own company in the same field. This move is a significant win for employee freedom and career development. For too long, non-compete agreements have been a barrier for individuals seeking to advance their careers or pursue new opportunities. Take for example, the common scenario where someone working through a consulting firm wishes to join a client company directly. Previously, this might not have been possible or might have involved waiting out a lengthy non-compete period. Not anymore. If a company wants you not to compete they'll need to pay you to stay now. If you or someone you know has ever been affected by non-compete agreements, share this to raise awareness. You can't call it a free country and not let people change jobs. I'd love to hear your thoughts. #NonCompete #CareerFreedom #FTC #EmploymentLaw #Innovation #WorkplaceDynamics https://lnkd.in/es3cfKQF