City Businesses Explore Alternatives to Non-Compete Clauses
UKPulse Local Desk
City businesses are anticipating a reduction in the effectiveness of non-compete agreements and are considering alternative strategies to retain employees.
- City businesses expect non-compete agreements to become less effective.
- Alternatives being considered include deferred bonus payments and share incentive plans.
- The Department for Business and Trade (DBT) launched a consultation on non-compete clause restrictions in 2025.
City businesses are looking towards new methods to retain staff, as they anticipate non-compete agreements will become less effective. Companies are exploring options such as deferred bonus payments and share incentive plans.
This shift follows a 2025 consultation launched by the Department for Business and Trade (DBT), which considered potential restrictions on non-compete clauses in employment contracts.