Put your longstanding employee on 'garden leave' when he resigns to protect your company's secrets!
The world's in shock following Pope Benedict XVI's unexpected announcement that he's leaving the job. Many high-powered executives are met with a similar reaction when they tender their resignations - you simply don't expect them to leave when they seem to be flourishing. In many cases, a high-powered executive will leave when they're headhunted and offered more money to do the same job at a competitor company. Here's how to keep your company's secrets safe if you're faced with this situation...
After eight years as pope, Pope Benedict XVI says he's now too old to continue, says the BBC Newsround
At 85, that's easy to understand. He's had to deal with a lot of controversy in that time.
Like the pope, many employees get fed up with the 'status quo' and decide to leave their jobs after putting in a few years for the company.
But their resignation could put your company at risk, especially if the employee is moving on to a competitor company.
Because no matter what industry you work in, you have trade or company secrets, says the Labour Bulletin
Here's how to protect your company's confidential information when an employee resigns
You can prevent an employee from sharing your company's passwords and confidential client information with his new company by writing a 'garden leave' clause into your employment contracts.
This forces your employee to stay home in his notice period, which could keep him out of the market place long enough for any confidential information he has to go out of date.
You'll be able to enforce 'garden leave' as soon as the employee hands in his resignation, to ensure he's not frantically scribbling down your company secrets or client details.
garden'Garden leave' is also a great way for your employee's successor to establish himself with clients, without the ex-employee getting in the way if he's leaving on bad terms.
So add a 'garden leave' clause to your employment contracts today to protect your business secrets in the long run.