A vet’s perspective on the ban on imposing noncompete agreements on employees

« Back to Veterinarian

U.S. companies will no longer be able to enforce noncompete agreements on employees, following a rule approved by the Federal Trade Commission (FTC). The ban aims to increase job mobility and prevent restrictions on workers' ability to switch jobs for higher pay. The FTC argues that noncompete agreements harm workers and the economy by reducing job churn and limiting the hiring ability of other businesses. The rule, which received support from the majority of the 26,000 comments received, will take effect later this year unless blocked by legal challenges. Writing for Veterinary Practice News, Karen Whala, a California veterinarian, considers a rule change that she says may have profound implications for the veterinary profession. She writes: “The FTC’s ruling offers veterinarians greater job flexibility and autonomy, opening new avenues for career growth, higher wages, improved working conditions, and enhanced innovation and collaboration. While this change may increase the cost of veterinary care, the benefits for veterinary mental health and well-being outweigh the potential risks, especially in an industry with a high risk of burnout.”

Read more here


Subscribe to Our Newsletter

We offer a free monthly newsletter featuring tax saving strategies, Quickbooks tips, ideas for growing your business and more.
Subscribe now >>

Tax Center

We're always working to save you more on taxes. Stay current on the latest tax issues affecting businesses and individuals.
Learn More >>

Get a FREE Consultation

We offer a free consultation to discuss the needs of our business. Please call us or complete our form and we will contact you. Call Us Now 901-685-9411

Free Consultation

Tax Tips

We're always working to save you more on taxes. Stay current on the latest tax issues affecting businesses and individuals.
Learn More >>