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What happens if your key player leaves?

Posted on August 12, 2022 By Salome

Your business is doing well when suddenly your key employee tells you that they are leaving. They may have accepted a better deal, started their own business, or moved to another city. It doesn’t matter what the reason is. It doesn’t matter if your company can’t operate without them. This is why preventing it from happening is the best option. But what do you do right now? Everything you need to know about growth before you can grow your business
Processes can burst due to growth. What was once a good idea now has a lot of bottlenecks. This is because more business owners have to make decisions. If you don’t make changes to your work process, the growth will be unsustainable and only make things worse. This book will teach you everything you need to avoid common mistakes that business owners make when growing their businesses. We are grateful that you have subscribed! All newsletter subscribers can download this (and many other ActiveCollab Project Management Guides). Download the Ebook We are unable to subscribe you at this time. Please double-check your email address. If issue still persist, please let us know by sending an email to [email protected] Try Again 5 Things You Should Do Immediately When a Key Player Decides to Leave
It is not okay to let the fact that you have lost your key employee distract you. You must keep the wheels turning. You must keep the show going. You might not need this role anymore, and the company may be in need of restructuring. If you have a need for someone to fill in and no one on your team is available, you can post a job ad and wait. In the meantime, you can offer to hire someone who leaves on a temporary basis. This will allow you to buy time until you find a permanent replacement. You can also hire a consultant for help during the transition. The person who is leaving will typically give you their notice between two and four weeks before they leave. It is important to plan what they will do during this time. You cannot afford to lose them while their belongings are in flux. You can’t afford to lose them while all their belongings are up in the air. Together, you should make a detailed plan. They should stop accepting new assignments and focus on their current tasks. Stop spreading rumors about the employee’s departure and make it public. Wish the employee well in front of everyone. You can do what is best for them and you can do it for yourself. You can organize a farewell party, thank them for their contributions, and stay on good terms. It’s always good having friends in the industry. Do an exit interviewTalk to the person about why they are leaving and what you could have done to prevent it. You need to understand why they are leaving so you can spot potential problems in the future. You can also take this time to reflect on your company’s direction and take some time off work. Many times, people leave without transferring their archives because they were not asked. You may need a file one day and need to track down the person to obtain it. This is especially true when you are working with d

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