storm clouds

Financial Advisors, get prepared for impending upheaval

March 13, 2018

Don’t wait for the storm to build a boat Often there are signs in advance that a brokerage firm is thinking about making some big changes. As Cathy Nichols points out in the piece below, financial advisors at firms showing signs of impending upheaval can take the time to evaluate whether they want to stay. Rumors give you the opportunity to get a head start.

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padlocked door

That noncompete clause can lock you into your job

January 25, 2018

Most of us do not look closely at the language in a proposed employment contract. We are just too excited to be starting a new job. Fewer than 10% of new employees will try to negotiate their noncompete clauses, according to the U.S. Department of Treasury. But those noncompete clauses in employment agreements are designed to interfere with our future employment options.

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photo of Lisa Madigan

Payday lender sued for illegal noncompetes

October 29, 2017

Illinois Attorney General Lisa Madigan sued a payday lender for illegally requiring low-wage employees to sign noncompete agreements. Under the Illinois Freedom to Work Act, which became effective January 1, Illinois employers are barred from requiring employees earning not more than minimum wage to  agree to a noncompete agreement.

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Man holding tablet

Noncompete? We don’t need those stinking clauses

September 12, 2017

According to University of Chicago Law School Professor Omri Ben-Shahar, at least 20 percent of U.S. workers are bound by noncompete agreements. He argues that expanding the current ban that Illinois has on noncompete clauses for low-income workers could make Chicago more attractive for Amazon’s second headquarters.

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