Talk Business Magazine September 2014 | Page 95

PEOPLE Rogue employees Unfortunately, business owners are often unaware of the problem until damage to the company’s image, finances or workforce has already occurred The enemy within Michael Ball, partner and group head of the employment team at Gateley, looks at how your employees can sometimes be the biggest threat to your security R ecruitment is an essential function of a stable business, and a key marker of growth. With the right staff, an entrepreneur can transform an ascent startup into a thriving enterprise. However, right from the start, employers should consider how they’ll be affected if the employment of key staff ends. Employees with access to sensitive information, such as client lists or intellectual property, can cause significant damage if they join a competitor or try to use the data against a company in an unethical way. To minimise the impact of these so called ‘rogue employees’, business owners should be aware of the risks and ensure that appropriate safeguards are put in place at the outset. In a recent UK poll, 41% of data security experts stated that rogue employees posed the greatest threat to their organisations. These individuals can range from disgruntled ex-staff who want to damage the company’s reputation, to someone attempting to take major clients with them to a new employer. They can also be employees wanting to poach top talent, or intellectual property, to support a directly competing business venture of their own. Unfortunately, business owners are often unaware of the problem until damage to the company’s image, finances or workforce has already occurred, and few have established the essential legal safeguards in advance to protect themselves. While it’s often necessary to allow key employees access to confidential company information as part of their job, properly drafted restrictive covenants – specific to the individual’s contract and role – can deter them from joining competitors or limit their ability to solicit customers after they have left the business. Many companies, especially those that are just starting to grow, are unfamiliar with effective hiring practices and rely on template contracts for all employees, regardless of their seniority or level of access to sensitive information. Often employers will use these same contracts for years, without updating them as the business grows. By failing to ensure that clauses remain relevant to their business interests over time, many companies are putting themselves at unnecessary risk. Whilst it may take more effort initially, creating bespoke employment contracts for each staff member is one of the best ways to help protect businesses from rogue employees. The stricter the limitations on an individual’s knowledge level and role, the more enforceable the clause is, helping companies talkbusinessmagazine.co.uk 95 PEOPLE Rogue Employees.ga.indd 95 29/08/2014 15:03