What can an employer do if he/ she finds that his/her employee has a conflict of interest on a file?
Terminate the hand
Depends on the state first, but also the conflict of interest.
If you are a manager at two similar type stores, any one can fire you, you could easily damage sales at one or turn over proprietary information.
Up here they generate you sign a conflict of interest clause though, otherwise it's hard to fire over it.
Besides, most employers, if they can't fire you, will cut your hours and force you to quit, it's hard to cast a shadow on behind labor laws, to many loopholes.
Depends on the conflict of interest i.e. does he/she work for a competitor or has a relationship with a vendor? What is this force position? Is he/she in a managerial position? Most importantly, where surrounded by you employee handbook does it state that conflicts of interest are against company policy? These are just a few things you want to look at besides knowing without a doubt that there is a conflict and that this employee know, and you have written and signed proof that he/she knows, that conflicts of interest are not tolerated.