2006-12-16 06:20:42 · 7 answers · asked by lesliek517 1 in Business & Finance ➔ Careers & Employment
yes it is
2006-12-16 06:25:12 · answer #1 · answered by marie 2 · 0⤊ 0⤋
Depends on what you mean by "give out financial info". There are alot of business tasks that involve salary information. If you work in a contracting environment, each time a new contract is put in place, financial spreadsheets need to be created to keep track of the contract's budget. Whoever updates the spreadsheets need the salary information. So if that's what you mean, then yes, they can give it out.
However, if the secretary is out to lunch with a co-worker and says, "You'll never believe what so-and-so is making!" Then that is an absolute no-no. More than likely, if you take a look at your companies Standard Operating Procedures, they probably state that this is grounds for termination.
2006-12-16 16:29:01 · answer #2 · answered by lilrubberducky 3 · 0⤊ 0⤋
Without a signed release from the employee or a court order, you could face serious consequences in giving out such information.
In today's world of identity theft, it's pretty obvious why that should not be done, even without possible legal actions.
Loan originators such as mortgage companies do have a need to know, but any reputable company will have a consent form from the employee and will provide that along with the request for financial information.
2006-12-16 06:39:04 · answer #3 · answered by dollhaus 7 · 0⤊ 0⤋
An employee's financial information to other than the employee is not illegal. At times it is parted with the Vigilance Department sleuths who keep a vigil on the official conduct and private conduct of an employee.
2006-12-18 23:02:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I depends on the company's policys, but usually, it is frowned upon to give out someone's financial info without that person's consent. There are so many incidences of id theft nowadays, this makes me cringe. HR should be the one's to crack down on this, along with the payroll department at your business.
2016-05-22 23:37:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋
No,it's not. Information, though, is confidential and should be provided on a "need to know" basis. This involves using judgement and discretion before divulging personal information. The main question then becomes to whom would this information be provided and what is their reason for requesting it. Good Luck!
2006-12-16 06:26:48 · answer #6 · answered by lady 3 · 0⤊ 0⤋
Absolutely NO!
2006-12-16 06:29:38 · answer #7 · answered by Lil' Gay Monster 7 · 0⤊ 0⤋