Given that these rules are very similar to those in California, and California has a big enough economy to be a good representative sample, I don't see this being a real issue.
Otherwise, why aren't well capitalized competitors in California hiring up the best people at their competitors and crippling competition, as it were? We just don't see this happen on a large scale like this suggestions.
Now, that's my take on it at charitably. My honest opinion about it is simply: who cares. If you want people to stay, give them reasons to stay that aren't the legal equivalent of holding a gun to their head
>> Given that these rules are very similar to those in California...
CA has a corresponding law that prevents this. The last time I looked the FTC wasnt creating at NEW law to prevent the other side of this coin:
Rule 3: Workforce “Raids” Are Illegal in California
Technically, poaching employees is not illegal in California, but restrictions on workplace raids are mentioned in the legislation. In fact, state law prohibits companies from acting in bad faith to solicit a mass amount of employees from their competitors to intentionally hurt their business. This is called “raiding,” and when your competitor does it, you can file a tortious interference claim against them. Most of these cases require an employment contract to be successful in pursuit of damages.
I did say similar, not exactly. There may or may not be some effective law preventing this type of thing specifically, but in my mind, this is an edge case[0] and doesn't detract from my overall point, which is that eliminating non competes will overwhelming not end up with this being a plausible scenario.
[0]: that the California government anticipated and defined, to their credit
Otherwise, why aren't well capitalized competitors in California hiring up the best people at their competitors and crippling competition, as it were? We just don't see this happen on a large scale like this suggestions.
Now, that's my take on it at charitably. My honest opinion about it is simply: who cares. If you want people to stay, give them reasons to stay that aren't the legal equivalent of holding a gun to their head