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5 Legal Considerations When Hiring Employees From the Competition

Learn five key issues that can help reduce the likelihood of a lawsuit being filed by a prior employer.

By Rosemary Gousman, David Erb and Jeffrey Csercsevits | September 20, 2019 at 09:00 AM
New hire Consider potential legal issues during the hiring process.

You have found the perfect candidate and they have agreed to accept your offer for employment. They have been working at a competing credit union for years and have developed meaningful and longstanding relationships with their members. You are both excited, and thinking about your promising future together and the growth opportunities that will present themselves with this new hire. New members, increased revenues … the sky is the limit.

While thinking about the future is exciting, hiring a new employee also requires a serious look at the past and the present. Namely, an employer needs to carefully evaluate the contracts that the new hire has executed in the past and develop a present plan for how the new hire will conduct themselves as they transition their employment.

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