What Is Considered Ethical When an Employee Leaves to a Competitor Company

Topics: Ethics, Business ethics, Fiduciary Pages: 2 (796 words) Published: January 31, 2012
Chapter 1 identified knowledge workers as a key economic resource of the twenty first century. If an employee leaves a company to work for a competitor, what types of knowledge could be ethical for the employee to share with the new employer and what types of knowledge would be unethical to share? The hardest thing to deal with being inside a company, is when you lose one of your employees to one of your competitors. You worry if that employee is going to give inside information that could cause harm to your company. Companies should play fairly in the competition game and not spy on one another, communicate with one another, and not causing harm to others. The information that is given out could hurt the other company and you need to understand what is considered acceptable and unacceptable information ethically. If you are hired by a competitor, than what information will you be able to disclose? Knowledge that you have learned from a degree or trade school would not be considered insider trading. That information would be information that you have learned and are using in your field of work. New ways to do your work would not be considered insider trading. You as an employee should act honestly, communicate, and try not to cause harm to others (Bovee, Thill and Mescon, 2007, p. 65). For example if I were to be hired from Wells Fargo to Bank of America, I would not be discussing products that would have to do with my old company. If I were to be hired on as a teller than I could use the practices that I learned from my old company and share them with my new company. For example ways to prevent loss of money, ideas to raise sells, and ways to raise team morale are all examples of acceptable information. This information would not harm my old company and are not considered trade secrets. If you are wondering what is right and what is wrong you need to think to yourself will the company benefit from this information? Is the information you about to give out...

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