Exiting Employees: The 3 Most Common Scenarios & What You Need To Know About Them --TTG148

Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®

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There are essentially three different scenarios when it comes to exiting employees. By knowing the differences between when someone leaves on good terms, and when terminating an employee makes sense, you’ll be able to respond in a way that is best for your business.
So, what are the different scenarios when someone comes to the end of their time in the business?
The first option is that you had a good employee. They were in line with your core values, and they're just moving on to different things. They have a notice period, and during that time they can add value to the company. This is the most common exit.
Then there's another option when terminating an employee. In this case, you've again got someone who’s not a bad person, but maybe they have access to sensitive information. Once they've made their decision to move on, they're moving on. You don't want to give them any more sensitive information. When exiting employees in this fashion, there could be a notice period where they're employed but don't have to come into the business. They also can't work for anyone else during that period.
Then you've got the third option. This is when an employee is made to leave immediately. This is an appropriate response when someone has been troublesome, or there's someone you're going to exit because they're not the right fit. Keeping them on during their notice period could actually be harmful to the business. They could have a negative influence on others. No goodbyes, they just leave.
When exiting employees, it’s important to know how to handle the situation. You don’t want to be caught off guard. Keeping these three scenarios in mind will make the process of terminating an employee much smoother.
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
CONNECT WITH PETER BOOLKAH:
--------------------
http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a bu...