On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that would ban post-termination non-compete clauses and require employers to rescind existing ones. The FTC argues that non-compete clauses — which impede an individual’s ability to enter into or start a similar profession or trade — stifle worker mobility and wage growth. The ruling would essentially render existing and future agreements non-enforceable, subject to a narrow exception for owners or partners of a business.
Managing Director Dan Ellis spoke with The Conference Room podcast to dive into Townsend’s personalized approach and share insights regarding today’s recruitment process and the value of executive search firms in the marketplace.
Following a period of strong dealmaking activity, market conditions are shifting and middle-market private equity firms, as well as their portfolio companies, are preparing for a slowing economy. The question is, how will the looming recession and rocky market conditions impact hiring and compensation in 2023?