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U.S. Bans Non-Compete Agreements, Sparks Lawsuit Over Landmark Change To Employee Rights

Allwork

According to a report published by The Financial Times , the regulator’s commissioners voted 3-2 on Tuesday in favor of the ban. The prohibition is an update to labor regulations seeking to improve fair competition and employee rights/protections. The FTC initially announced that it was seeking to ban noncompete clauses in January 2023.

Legal 147
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Society 18 Founder Pamela Zapata on Supporting Influencers of Color and Knowing Your Worth

Success

“Racial pay gaps are an issue in every industry,” NBC News reported last year. That disparity comes as no surprise to Pamela Zapata, who saw firsthand the inequities in the industry during her decade-plus in marketing, production and influencer strategy—and set out to fix it. They didn’t understand how to negotiate contracts.

Agencies 306
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S&P Drops WeWork’s Credit Rating, Again

Allwork

What’s going on: Following WeWork’s plea with shareholders to approve a reverse stock split – a move that would consolidate the company’s shares into fewer higher-priced stocks – the Credit Rating Agency S&P Global Ratings chose to downgrade the company to an SD rating.

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Five Barriers to Improving Employee Engagement

Energage

And yet, one report after another still names employee engagement and workplace culture at the top of a CEO’s many challenges: • The Conference Board’s annual CEO survey lists six top challenges for CEOs today, five of them related to engaging and aligning talent. The reaction from Wall Street was brutal. off the share price.

2017 58
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Answering Reader Mail: Career Progression, Wearing Different Hats, and Realistic Expectations

Musings of a High-Level Executive Assistant

I'm an EA to the President and CEO of a North American marketing agency that is growing rapidly. When we were a smaller agency, I was the EA and Office Manager for a smaller facility. Otherwise, you wouldn’t be the EA to the President and CEO of a North American marketing agency that is growing rapidly.

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Magic Johnson’s Fast Break Into Business

Success

Earvin “Magic” Johnson was in the seventh year of his Hall of Fame career when thoughts of his basketball afterlife led him to the office of uber-executive Michael Ovitz, co-founder of Creative Artists Agency. And I don’t just read reports. He was hoping for advice that would allow him to chart a different course.

Mentoring 290
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A Noncompete Clause Ban Is on the Table—Here’s What Employees Should Know

Success

She ultimately decided to leave the industry altogether to pursue entrepreneurship. If I did not have a noncompete, I would not have left the industry I was so excited to be a part of for so many years.” Meanwhile, other government agencies have been tackling the thorny issue of noncompete clauses.