Nepotism is when someone hires, promotes or otherwise provides special treatment in the workplace to a family member or close friend. Some types of conflicts of interest include: Nepotism In the workplace, you could have a conflict of interest that causes your employer to question your intentions and possibly take additional steps to address a current or potential issue. It can also call to question your ability to remain unbiased in your thoughts, ideas and decisions. A conflict of interest can cause one party to question what another party's intentions are. What is a conflict of interest?Ī conflict of interest is when you have a certain personal interest that may interfere with the interests you must have as someone connected to another person or entity, like your employer. In this article, we explain what a conflict of interest is, provide a list of examples of conflict of interest and share strategies you can use to prevent conflicts of interest at work. While not all conflicts of interest are apparent, it's important to understand what they are to avoid entering a similar situation. Conflicts can have a profound effect on how an employee performs at work, including how they make decisions, and can-both directly and indirectly-impact the business and its success. Many companies actively seek to eliminate conflict of interest in the workplace to ensure the business remains successful and doesn't subject itself to employee issues.
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