SimonStapleton.com

How Do Businesses Cope When Employees Leave?

Estimated reading time: 4 mins

At the heart of all successful businesses, there is a successful team of employees, sharing their expertise, collaborating, and embracing their passions every day. It’s no wonder that the companies that look after their employees best tend to be the most successful. Indeed, when you invest time and money to improve the work life of your employees, you ensure they can always give you their best. Consequently, it’s not uncommon to hear about companies helping their staff manage the many challenges of their lifestyle, from implementing an in-house nursery facility for young parents to providing access to healthcare specialists. By taking away worries that could affect their productivity, companies have empowered their staff to achieve their professional objectives.

This mutual relationship between employer and employee is the foundation of business success.

Consequently, when the relationship breaks and the employee leaves the company, it can be difficult for businesses to maintain their balance and momentum. After all, employees are your most important asset. Losing a member of staff when you’ve invested your company in building a mutual relationship can be unsettling. How do businesses get over the loss of their assets?

They try to understand what’s happening

Your priority as a business is to understand why your employees are leaving. It’s crucial to have an honest conversation with your staff after they’ve informed you of their decision. Some people are forced to relocate to follow their families, for instance. Others are facing personal difficulties that are affecting their work. In those situations, there was nothing in your power that you could have done. However, be attentive to what your employees tell you. Too many assets choose to quit on faulty office culture or poor office management. it’s important to listen to their opinions and address issues before they drive further members of your team away.

They protect their assets

While your employees are your best assets, not everyone plays the same role in the company. A director, for instance, has a greater influence on the business than a marketing assistant. Consequently, while a company might find it easy to replace some employees, it’s likely to struggle when it comes to essential members of the team who help to drive the business forward. More often than not, however, directors can control and fix office-based situations, so that very few would leave over office management or culture issues. However, they could be forced to leave as a result of external factors, such as a challenging health situation. A company can protect its assets and itself against such a situation with dedicated cover – click here to find more. The bottom line is that your business needs to be prepared for the sudden loss of a key person.

They invest in the whole team

Each business has a training responsibility toward its team. Indeed, investing in training is not a job perk. It’s part of your long-term strategy as a company to keep your solutions and your processes relevant to the contemporary structures and market. When the team is trained to the latest trends, tools or theories in their field, they are better equipped to bring creative and suitable ideas to everyday business. Additionally, when your work on training plans for the team, training more than one employee to the same skills means that you can have a backup plan if one of your employees left.

They outsource

Ultimately, you don’t need to do everything by yourself. When an expert quits, it takes times to replace them. But you can manage short- and mid-term projects by outsourcing the tasks to professionals on the market. You can outsource a variety of tasks, from administrative and accounting functions to marketing, It and so on. The key is not to outsource processes that you identify as your core offer to your clients. However, you can safely consider outsourcing solutions when looking at replacing highly skilled expertise at a project-basis level.

They find a partner to rely on

Last, but not least, finding someone you can work with is no easy task. But, for small businesses, finding a partner can offer new opportunities and, more importantly, provide you with the expertise you need.Admittedly, when looking for a partner, it’s a good idea to establish a solid connection first, either by sharing a project together so that you get to know each other or by investigating your financial compatibility. You want a partner you can rely on, hence someone who’s qualified and also financially stable.

The bottom line is that, while employees are your best assets, they sometimes leave. Companies use a variety of strategies to keep their business afloat when they lose an employee, from protecting themselves against the loss of a key person to investing in training at a team level.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

Post your comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Affiliate Promotion

simonstapleton.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

Polls

When answering Employee surveys, do you always answer completely honestly?

View Results

Loading ... Loading ...
My latest book: ACE Your Performance Appraisal$4.99 on
How Am I Doing?

Did this discussion solve your problem?

Then please rate this post or leave a comment.