With the continued success of the auto industry, comes the increase in employee mobility. Regardless of how great you are as an employer, not all of your employees will stick around forever, especially your most valuable employees who may now be provided with more opportunities to move down the street to a competitor. If the employee is valuable to you, you can be sure he or she would be just as valuable, if not more so, to a competitor. When the day comes to say goodbye, make sure to have an exit strategy in place to guard against your confidential information and with your former employee.
Those of you in the auto industry know the competitive advantage your trade secrets provide. As part of your exit interview process (and you should make especially sure to have such a process for key employees), you should implement an exit interview checklist that addresses trade secrets. For example, your exit checklist may address the following issues:
The exit checklist should identify the individuals conducting the interview and when such interview takes place.
In addition to covering the issues in your exit interview checklist, you may also want to have the employee sign an acknowledgment form at the end of the interview. The acknowledgment form should reference any applicable agreements and/or policies discussed during the exit interview. By having the employee sign an acknowledgment, you can help to avoid the common claim of former employees that they did not know that they had a non-compete or continuing obligations not to use your confidential information and trade secrets.
In order to avoid putting the brakes on recent successes, employers in the auto industry would be wise to take the precautionary steps above. While it may be difficult to lose a valuable employee, do not compound the loss by failing to take precautionary steps before the employee drives off for “greener” pastures.