When you want to protect your trade secrets, you can do it through legal means, such as having your employees sign a nondisclosure agreement (NDA). However, what you really want are loyal employees who won’t try to sell out your company to the competition. They’ll stay in their current positions instead of moving on and they will keep your trade secrets safe.
How do you make sure that your employees are loyal to your company? There are a few steps you can take:
- Make sure that you pay them fairly. If you underpay them or try to pay them as little as possible to maximize your own profits, while you have a right to do so, you have to understand that they’ll know what you’re doing and they’ll feel no loyalty to you or the company.
- Give the employees positions of power and control. Delegate some of the tasks you would normally take on. The goal is to make the employees feel invested in the company and the mission. This also shows that you trust them, and it makes them feel like part of the team.
- Get rid of the employees who do not fit your company culture. You especially want to look for employees who are not kind to their fellow workers. Even if they technically are proficient at their jobs, they create a toxic work atmosphere. Weed them out as soon as you can.
Creating loyalty in this way can help protect your trade secrets. However, it is also important that you understand the legal steps that you can take.