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The bill would prohibit New York companies from preventing employees from working for a competitor—and could lead to more states passing similar legislation.
gettyHave you ever signed a noncompete agreement? New York could become the fifth U.S. state with a blanket ban on the labor contracts used to prevent employees from leaving a company and working for a competitor, or starting their own. And it could be the broadest ban yet, fueling more states to pass similar legislation.
The bill follows the buzz of the Federal Trade Commission’s proposal earlier this year to ban noncompetes at the national level.
“This will reinvigorate [the momentum], especially if it goes through,” says William Stonehouse III, cofounder of staffing firm Crawford Thomas Recruiting, “and really propel it as we get into election season.”
Elsewhere on our radar, more employees are making gutsy career moves, young talent is using social media to land jobs and menopause is costing people their careers. Read on for the latest career news and advice.
WORK SMARTER
Practical insights and advice from Forbes contributors to help you succeed in your job, accelerate your career and lead smarter
Resumes can get wordy. Here are the five skills that should make the cut.
Hiring managers from Meta, Shopify and IBM share four job search lessons.
Can you still get unemployment even if you quit your job? Possibly.
Please, eliminate those meaningless words and phrases from your emails.
Try this easy trick to gain LinkedIn recommendations.
FEATURED STORY
New York state legislators fast-tracked a bill to Gov. Kathy Hochul’s desk last week that aims to ban noncompete agreements, putting the state in line to be not only the latest to prohibit the contentious contracts, but the one with the broadest ban yet and the spark to fuel momentum for passing similar bills in other states.
“Whenever a very large, economically important state like New York chooses to act, you can expect that there are going to be ripple effects for other states [that] are engaged in the same competition for talent,” says John Lettieri, cofounder and CEO of the Economic Innovation Group (EIG), a bipartisan public policy organization that is a big advocate for noncompete bans.
TOUCH BASE
News from the world of work
Menopause is costing American women nearly $2 billion in lost working time per year.
GettyThe hush-hush around menopause is costing women their careers: Talking about menopause with others, including at work, shouldn’t be taboo. Brain fog is real! In fact, menopause is costing American women nearly $2 billion in lost working time per year, according to Mayo Clinic research. Contributor Hanna Hart writes: “Symptoms can be confidence-shattering and career derailing—but it need not be so. Treatment is available, and we need to talk about it.”
Aligning your career with your strengths: From analyzing your performance reviews and identifying your skills to auditing your current role and responsibilities, there are a few ways you can better understand yourself and thus choose a career that fits your strengths.
Why more workers are making gutsy career moves: With a recession looming, you might expect employees to be content with the status quo. Instead, they are making bold career moves. Contributor Caroline Castrillon looks at why.
Making tasks manageable: Career changes can be daunting. It helps to take “microactions”: the steps of dividing your larger goals into small, discrete and manageable tasks that have a clear start and end. Contributor Joseph Liu breaks down the benefits and steps of microactions, whether you’re looking for a new job or starting a new business.
How to know if a company is stable enough to hire you: Contributor Adunola Adeshola shares ways to assess a company’s stability so that your next career move isn’t a total blind leap of faith.
CHECKLIST
Add these books and videos to your to-do list
- Interested in venture capital? Steve Jang is one of the newest additions to the 2023 Forbes Midas List, which tracks the world's top VC investors. Learn more about the Kindred Ventures founder in this Forbes Portraits video.
- In Workplace Bullying: Finding Your Way to Big Tent Belonging, author Dorothy Suskind provides a toolkit for managers looking to create inclusive workplaces and a guide for employees wanting to heal workplace trauma.
NUMBER TO NOTE
20.4%
The percentage of LinkedIn users that are mid-range Gen Zers, ages 18-24.
Gen Zers and Millennials are increasingly using social media to land their dream jobs. Contributor Jennifer Magley provides three ways you can maximize social media and make connections.
QUIZ
The Labor Department has found hundreds of minors working illegally at franchises of which fast food chain across the country in the last five years?
- Burger King
- Taco Bell
- McDonald’s
- Wendy’s
Check if you got it right here.
