Reference no: EM133201839
Your Task:
Businesses' confidential information, such as trade secrets, client and supplier information, market strategies, price lists and other financial information are major strategic assets. That is because they provide businesses with a competitive power and can take long-term to develop. Businesses try to protect these assets against misappropriation by former employees is therefore of crucial importance. Employers should take time to consider what information is of value to the business, who has access to that information and whether that information is secure.
In this project, according to the UK Business Law, discuss:
Question 1. How UK businesses can be protected against employees leaving as lockdown eases?
Question 2. How UK businesses minimise the risks to their client, supplier and other relationships, confidential information, and other assets if those employees move to a rival or start up on their own in?
Question 3. What Steps employers can take to reduce the risk of workers leaving, or taking colleagues and/or confidential information with them?