Exit Formalities for Offboarding: The Employee Exit
Only 29 percent of organizations have a formal employee exit process.
Adios. Farewell. Sayonara.
There are lots of different ways for friends and loved ones to say goodbye, but what about employers and employees? When someone is leaving your organization, do you know the right things to say and do to give them a good sendoff that protects both your firm’s interests and theirs? We’ll explain how to follow a sound employee exit process and make sure none of the exit formalities are overlooked.
What Is an Employee Exit Process? Simply put, an employee exit process consists of the policies and procedures (exit formalities) that are followed when an organization is offboarding an employee. The
steps are essentially the same whether the employee leaves voluntarily or involuntarily.
Back to Basics: What Is Continuous Performance
Even the most traditional organizations and industries are moving away from the annual review.
Why am I so passionate about continuous performance management? Simple. I’ve experienced the failings of the annual review from both sides. I experienced them early in my career as a young advertising copywriter, when I received a rating lower than what I had expected in my year-end meeting with my manager. And I experienced them as a creative manager, when the members of my team were invariably disappointed and disheartened to receive from me anything but the highest possible score during their annual review. There has to be a
better way. And there is.