re: #74 Targetpractice

If you’re “trying to retain top talent,” how about paying them more or offering better benefits instead of threatening them with a lawsuit if they even think for a second about finding such at another employer? An annual raise, a fat bonus, paid vacation/sick leave, and so many other possible ways to show you support these people and wish for them to stay with you instead of legal threats to ruin their lives if they leave you.

The veto is a blow to labor groups, who have long argued that the agreements hurt workers and stifle economic growth. The Federal Trade Commission had also sent a letter to Hochul in November, urging her to sign the bill and saying that the agreements can harm innovation and prevent new businesses from forming in the state.

But in recent months, the legislation had come under fierce attack by Wall Street and top business groups in New York. They argued the agreements are necessary to protect investment strategies and keep highly-paid workers from leaving their companies with prized inside information and working for an industry rival.

While the agreements are often associated with top executives, about 1 in 5 American workers — nearly 30 million people — are now bound by noncompete agreements, according to the Federal Trade Commission.

syracuse.com

ftc.gov.