Episode 31: Severance - Creating a Clean Departure
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In a recent episode, we talked about when a leader is no longer effective for your group. As we said, it’s important to engineer a clean departure for them, and a severance package can go a long way to doing that.
If your executive leader needs to be transitioned out, and it’s not voluntary on their part, a Severance Agreement can help to create a smooth landing for them. It allows you to honor their years of service, assuming most leaders have added a great deal to the group at some point in their employment history.
We work with a lot of groups who have had a leader who evolved into being ineffective. They generally contact us when they’re at a point of crisis. Emotions are high, and frequently decision-making is not terribly clear or productive.
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