The use of non-compete clauses in the finance sector is among the highest across all industries.
A non-compete clause is a term in an employment contract, providing that once employment ends the employee cannot work for another employer in the same industry within a specified geographic area, for a specified time.
In the past non-compete clauses were usually limited to more highly paid employees, such as executives – but the use of non-competes has been steadily increasing across the board.
The FSU believes the practice of using non-competes to make it harder to move around in the finance sector is unfair.
The federal government is currently considering reform in this area and is seeking feedback from workers. The FSU will be participating in this consultation and the more real experiences of people impacted by these clauses we can share, the stronger the case for reform.
If you have a story that you would like to share about the negative impact that a non-compete clause has had on your employment, we would love to hear from you.
Send your story by email to [email protected]
“One day they pulled me into the office and said, ‘You have been…
In a landmark case run by the Finance Sector Union, the Fair Work…
In a landmark case run by our union, the Fair Work Commission recently…
