Employer confidentiality is important to protect sensitive information such as pricing, customer data, and marketing strategies. Employees who violate confidentiality agreements may face legal action. Employers should review the agreement with new hires to emphasize its importance. Employee confidentiality is also important as personal information is shared with the company.
Employer confidentiality is what most employers want employees to respect, meaning they don’t want employees to reveal employer confidential information to people they know, the general public, or competing businesses . Most new employees are required to sign an employer confidentiality agreement when they start work at a new company. When a person works for a company, they are typically privy to highly sensitive information, such as confidential pricing information, customer information, and marketing strategies. These are all examples of things an employer would like to keep confidential both during and after a person’s employment relationship with the company.
In some cases, employees are disgruntled with the company they work for and may be tempted to break an employer’s confidentiality agreement to dispute the company or for their own personal gain. Things like layoffs, pay cuts, and other changes within a company that negatively impact an employee could spark a desire to share this confidential information. Most companies know this, and it’s another reason their confidentiality agreement tends to be so important. If a company discovers that an employee who currently or previously worked for the company discloses any sensitive information, it may have the right to take legal action against the employee.
Many employees either don’t think about signing an employer confidentiality agreement or simply don’t remember ever signing one. Companies often present new hires with a pile of papers to sign, which usually includes the NDA, and employees can sign them all without taking the time to go through them. Employees who are unaware of the confidentiality agreement are much more likely to violate it. It can be beneficial for employers to carefully review confidentiality with new hires and emphasize the importance of that particular piece of paper before the employee signs it.
In addition to employer confidentiality, there is also employee confidentiality. When a person is hired by a company, they typically share much of their sensitive information with that company. Your employer may have a file that contains your Social Security number, pay rate, and possibly credit score. Employers may also keep resumes and other information which could include your name, address and medical history. Most employers are required to provide their new employees with a privacy statement that promises that the personal information they reach will never be shared or sold to anyone.
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