What If Your Non-Compete Went Away Tomorrow?
What if you didn't have a non-compete clause in your contract and you could jump shop in the same DMA? Sounds great right? Well, maybe so, but not without the possibility of a new set of challenges emerging.
In general, eliminating the non-competes in a DMA will be very beneficial and a game changer for those that wish to stay long term in a market. There are some great benefits for the family when you aren't moving every 2-3 years at contract expirations. Spouses can develop their career and kids stay in schools, on teams, and with friends and family as they grow up. What's the downside?
That non-compete in some ways has been your friend. For the first time you could be facing local competition, outside of your own station, for the chair you are sitting in right now. Who has more equity in the local market, you or the anchor on that other desk across town?
Hiring from within, both in terms of organization and geography, could ultimately lower market wages/salaries. It's also possible we could start to see wider disparity in income within markets. 80/20 rule could turn into 90/10.
Despite these nuisances, clearly the benefits will outweigh the potential downside risk. There remains one HUGE common sense takeaway, if you wish to remain native to one particular market you better get focused on being hyperlocal.
You should think about branding with a completely different lens. You need a PR firm, not a talent agent. Appearances come with intention. Social media from the deli counter of the local four generation market replaces college girlfriend photos from a faraway beach resort.
You'll find more nuggets from an article on the TalentBlvd.com blog "If I Were A MMJ Today" at https://lnkd.in/e-cKjA6....
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