As the auto industry continues into what looks like a potential record sales year, its key employees are tempting targets for competitors and other businesses. This is especially true since so many companies had to retrench during the recent recession and now are having to do double time to keep up with demand. Good people are in great demand.
It’s up to the wise employer to protect key personnel, to make them feel valued and motivated so they want to stay with you. Our Automotive Industry Group advises employers to be sure to have appropriate restrictive agreements in place to make sure employees who do leave don’t take their talents and inside confidential information with them to a competitor.
In the summer issue of the “Ahead of the Curve” newsletter, I suggest that auto suppliers prepare immediately for a “worst case scenario” in the event that a competitor tries to poach their employees. Included in the article are several immediate steps to enable companies to enforce their rights and make sure the employee and his or her unique corporate knowledge don’t switch sides. It’s a quick but worthwhile read in this day of increased employee poaching and decreased employee loyalty. Taking the right steps today can help keep suppliers Ahead of the Curve tomorrow. Interested readers can find the full article HERE.
