The Federal Trade Commission recently proposed a new rule that would ban companies from issuing non-compete agreements with their employees. Proponents say it will stop a system that companies often use to stifle wage growth and prevent entrepreneurs from creating competition. The commission anticipates the moves could increase wages and expand career opportunities for roughly 30 million Americans.
While that sounds good, roofing contractors and other company owners should know it could make employee retention harder in an industry already starved for skilled workers.