Wednesday, May 11, 2016

Health Catalysts Drops Non-Compete Agreements

In a good news for its employees, Salt Lake City-based healthcare data company Health Catalyst says it has dropped the restrictive, non-compete agreements that have been common to high tech employers. According to the company, it will no longer require employees to sign a non-compete provision to work for the company. It also says it has informed its employees that it will not seek to enforce any non-compete provisions that are contained in existing employment agreements. Health Catalyst CEO Dan Burton said, in a statement that "Imposing legal restrictions on their ability to seek employment elsewhere is inconsistent with that culture, and we feel it's also anti-competitive and a drag on overall economic growth." The White House recently released a report on non-compete agreements, saying that the practice can sometimes result in lower job mobility, worker bargaining power, and entrepreneurship.