Good morning,
Thank you for taking time to read
my writings from time to time. I appreciate those who read it and I know that I
would be tempted one day to write some specific names. Don’t worry; I will make
it look like a genealogy!
I once had an experience wherein
employees were all sent a document on the conflict of interest policy of the organization
because it was noticed that many of the management staff now have company that
are contractors to the organization. The organization got information about
some people and they were shown the way out. However, the economic realities of
our days need multiple streams of income. This is not an exhaustive HR note but
it will be helpful for us all.
Conflict of interest is a
situation in which a person or organization is involved in multiple interests
(financial, emotional, or otherwise), one of which could possibly corrupt the
motivation of the individual or organization. A situation in which a party's responsibility to a second-party limits its ability to discharge its responsibility to a third-party.
Multiple stream of income is a
phenomenon wherein everyone does not want to rely on a single source of income
by venturing into other businesses and investments. The indices around us show
that it is now a little here and there makes life better for us. Multiple
streams of income can be very rewarding and also very disastrous based on the
sincerity of those that work with us.
There are certain professionals
that cannot be involved in multiple stream of income without having challenges
with conflict of interest except they get involved in other industries. It can
be seen as a case of divided loyalty but it must be said emphatically, care
must be taken. If you feel that you cannot meet your daily obligations from
what you earn, you can move on to other companies who are willing to pay you more
or you become an entrepreneur.
The other flip of the coin is
this, if you engage in conflict of interest now and later on, you become an
entrepreneur; your staff might also be involved. Which means loyalty will
continually deplete from generation to generation. I would appeal that we get
engaged in tasks that are creative and distinct which would not hinder our career
and loyalty by justifying the pay we earn.
This is learning to maximize our
spare time!
Have a blessed week.
Kind regards,
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