Has anyone ever had to report second jobs?

[mccoyn]

The office manager asked me to fill out a form this morning to report any other employment I may have. I said it was none of their business what I did off hours and I wouldn't fill it out. My understanding is that the policy is now being reconsidered. What I'm wondering, in case it isn't done away with, is if this is a standard thing for companies to do. Has anyone else had to report other employment to their employees? How did you feel about it? Where you given any reasons why it would be required?

For what its worth, I am a software developer. I've already signed non-compete, non-recruit and intellectual property agreements. Those seem reasonable to me since it is the bread and butter of the company. This new job reporting seems like needless control.

[lapfog_1]

1. Yes, it's common for the software field

And every time they ask me, I reply "it's none of your business, as long as I'm not in conflict of interest".

[papau]

2. It is "required" under the new law and not signing and giving info can be

reason to discharge.

Conflict of interest is what they are chasing.

[BlueEyedSon]

7. what new law?

[papau]

10. Sarbanes-Oxley Act of 2002 mostly chases Financials - but has "ethics"

rules - which include "conflict of interest:


Summary of Sarbanes-Oxley Act of 2002

(excerpts)

Section 3: Commission Rules and Enforcement.
A violation of Rules of the Public Company Accounting Oversight Board ("Board") is treated as a violation of the '34 Act, giving rise to the same penalties that may be imposed for violations of that Act.--------------------------------------------------------------------------------
Section 101: Establishment; Board Membership.
The Board will have five financially-literate members, appointed for five-year terms. Two of the members must be or have been certified public accountants, and the remaining three must not be and cannot have been CPAs. The Chair may be held by one of the CPA members, provided that he or she has not been engaged as a practicing CPA for five years.

The Board's members will serve on a full-time basis.

No member may, concurrent with service on the Board, "share in any of the profits of, or receive payments from, a public accounting firm," other than "fixed continuing payments," such as retirement payments.

Members of the Board are appointed by the Commission, "after consultation with" the Chairman of the Federal Reserve Board and the Secretary of the Treasury.

Members may be removed by the Commission "for good cause."--------------------------------------------------------------------------------

Section 101: Establishment; Duties Of The Board.

Section 103: Auditing, Quality Control, And Independence Standards And Rules.

The Board shall:
(1) register public accounting firms;
=======================================================================================================================================================================================================
*****************************************************************
(2) establish, or adopt, by rule, "auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers;"
******************************************************************
=========================================================================================================================================================================================================
(3) conduct inspections of accounting firms;
(4) conduct investigations and disciplinary proceedings, and impose appropriate sanctions;
(5) perform such other duties or functions as necessary or appropriate;
(6) enforce compliance with the Act, the rules of the Board, professional standards, and the securities laws relating to the preparation and issuance of audit reports and the obligations and liabilities of accountants with respect thereto;
(7) set the budget and manage the operations of the Board and the staff of the Board.

Auditing standards. The Board would be required to "cooperate on an on-going basis" with designated professional groups of accountants and any advisory groups convened in connection with standard-setting, and although the Board can "to the extent that it determines appropriate" adopt standards proposed by those groups, the Board will have authority to amend, modify, repeal, and reject any standards suggested by the groups. The Board must report on its standard-setting activity to the Commission on an annual basis.

The Board must require registered public accounting firms to "prepare, and maintain for a period of not less than 7 years, audit work papers, and other information related to any audit report, in sufficient detail to support the conclusions reached in such report."

The Board must require a 2nd partner review and approval of audit reports registered accounting firms must adopt quality control standards.

The Board must adopt an audit standard to implement the internal control review required by section 404(b). This standard must require the auditor evaluate whether the internal control structure and procedures include records that accurately and fairly reflect the transactions of the issuer, provide reasonable assurance that the transactions are recorded in a manner that will permit the preparation of financial statements in accordance with GAAP, and a description of any material weaknesses in the internal controls.

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Directs the SEC to revise its regulations concerning prompt disclosure on Form 8-K to require immediate disclosure "of any change in, or waiver of," an issuer's code of ethics.

[meegbear]

3. Yes it is standard ...

as long as the 2nd job doesn't compete technology-wise and it doesn't interfere with your primary one, most dont care.

[triguy46]

4. Yes. n/t

[newportdadde]

5. Want my evil opinion?

As a software developer myself I see two things.

1) They are wanting to expand into mandatory unpaid overtime and are trying to figure out how much flack they would get if they did it. They realize they can make you flush your personal time, or your family time but another job would be harder.

2) They are wanting to fire people and it would help them sleep at night because they would justify it by saying they have another job already.

[raccoon]

6. Good points. nt

[dcfirefighter]

8. Yes, and technically I have to have permission

It comes into play for several reasons:
As a gov't employee, they look for potentiall corruption & kickbacks
If I get hurt on the job, they know where to check up on me to see that I'm not working

[lpbk2713]

9. Word of caution .......

Be careful of what you admit to and how specific you get here on DU. The weasel freeper types like to rat us out.

[Obamanaut]

11. When I worked in education dept of dept of corrections, a teacher

(at the prison) who was also a part time Baptist minister had to fill out the second job report after his name was seen on the church marquee as "interim pastor" by another staff member.

[SoCalDem]

12. Yes.. It's standard.

Employers often (need to) want to know your off-work schedule, in case they need to ask you to work more hours.. If the job you are applying for demands more than a set number of hours, they may want to hire someone who is 'available' for more scheduled work. and if you work elsewhere, THAT schedule might conflict with the job you are applying for.. and they may want to be sure that you are not working for a competitor in your off hours..

Some companies actually forbid "moonlighting"..

[Coyote_Bandit]

13. I used to work in the securities industry

moonlighting was forbidden and I was required to report all my personal trading. Ethics you know.