GMS Provides Key Points for Employers Regarding FTC Noncompete Ban Overturn

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Aug 27, 2024, 10:07 ET

RICHFIELD, Ohio, Aug. 27, 2024 /PRNewswire/ -- A Texas federal judge recently struck down the Federal Trade Commission's (FTC) proposed nationwide ban on non-compete agreements, which was set to take effect in early September. This ruling means that employers can continue to enforce non-compete clauses according to their state laws. However, with ongoing legal challenges and the evolving regulatory landscape, it's crucial for employers to stay informed and prepared for potential changes.

What Does This Mean For Employers?

Hear from GMS' Chief Legal Officer, Tom Amato, on why non-compete agreements are legally essential for companies:

"In today's highly competitive business environment, it's crucial for companies to safeguard their human capital and proprietary information to maintain a competitive edge. Non-compete agreements serve as an essential tool for protecting these vital assets, ensuring that businesses remain compliant with legal standards while mitigating risks. By having well-drafted non-compete agreements, companies can better secure their valuable resources, ultimately preserving their market position and long-term growth."

Stay informed, stay compliant, and let GMS be your partner in navigating the complexities of employment law.

What Sets GMS Apart?

1. Local expertise, national reach

Headquartered in Richfield, Ohio, GMS has been a trusted partner for over 3,500 companies, managing more than 50,000 worksite employees. Now, with 25 offices, GMS combines local expertise with a broad national perspective.

2. Comprehensive services

At GMS, we understand that running a business involves juggling multiple responsibilities. That's why we offer a comprehensive suite of services:

Payroll: Streamlined, accurate, and compliant payroll processing and payroll tax management.
Human resources: Expert guidance on HR policies, audits, and employee relations.
Risk management: Mitigating risks and safeguarding your business. Minimize workers' compensation insurance rates and protect your business from costly claims.
Benefits administration: Navigating the complex world of employee benefits.

SOURCE Group Management Services, Inc.