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Non-compete agreements are increasingly common for American workers, affecting approximately 20% of employees across various industries, not just executives. Employers favor these agreements to guard company knowledge and address the challenges posed by job-hopping, which allows skills and information to flow freely. While they can protect company interests, non-competes may also deter innovation and scare employees into staying. It's essential for workers to understand the implications of signing these agreements. The discussion highlights the importance of being informed about non-compete terms and provides five key actions to take before and after signing.
