How to Know Whether You Should Sign A Noncompete Agreement
According to the Bureau of Labor Statistics (BLS), the median number of years employees stay with their employers is 4.2. Even with fluctuations based on employees' age and their occupation, it's clear that many people have multiple jobs and employers throughout their lifetimes. With ever-increasing competition between employers, it's no surprise that companies embrace noncompete agreements (NCAs) as a way to keep employees and to protect proprietary information. In fact, a 2014 research study revealed that one in five workers were bound by noncompetes and about 40 percent of the workforce had signed a noncompete in the past.