There are better ways to keep employees on board, such as boosting pay and providing better benefits.
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Our concerning finding is “non-compete clauses” are even more widespread in Australia than in the United States. And it’s not only among CEOs: even childcarers and yoga instructors are affected.
While noncompetes may make sense for well-paid executives who possess trade secrets, they make less sense for low-paid workers – yet many are subject to the agreements.
Nearly one in five employed Americans is bound by a contract restricting moves to rival companies. Here’s one way to make those arrangements less common.
