Using an employee noncompete agreement could help prevent your staff from going to work for a competitor.
But asking employees to sign one isn’t something you should rush into.
There are many nuances about noncompetes from their legal enforceability to employee perceptions about them that you need to carefully consider.
Here are seven factors to consider as you decide what’s best for your business.
1. Noncompete basics
Noncompete agreements, or clauses – as they’re called when part of a larger employment contract – can restrict your employees from accepting a job with one of your competitors for a specified period