Monday, April 18, 2016

How to handle an employee's resignation #MambaOut

Many interesting stories came out from the Lakers in the past several weeks regarding Kobe's last day in the purple and gold.  Some of which we can learn valuable lessons when dealing with employees who are resigning or retiring.



One of the more intriguing ones from my perspective actually came out after Kobe's final game was over for a few days.  The Lakers' General Manager was reflecting before a press conference regarding next year's roster.  The story goes that he has a marker board in his office where he outlines the next year's roster.  There are always changes and very few players do not get erased at some point.  Well, for twenty years Kobe's name was there.  The GM tried to erase it for the first time in a long time, and it didn't come off.  He had to get out some cleaning spray and really scrub it before it faded away.

Kobe's legacy will be forever remembered, but as any organization that loses a good long-time employee, the Lakers will have to move forward and re-build.  Here a few things to keep in mind when your organization loses an employee to a resignation or retirement:

1)  Embrace the future without forgetting the past.  Now that Kobe has finished his illustrious career, more than just the media can speculate if it was the right decision to keep him those extra two years and almost fifty million dollars.  Without focusing on the negative, it is a healthy part of the process to talk about strengths and weaknesses of the employee who is leaving.  What qualities do you want the replacement to have that the former employee may or may not have possessed themselves?  

2)  Don't try to hire the exact same thing.  Hear me out as many of you may be thinking that is precisely what you want to do.  Think of the Lakers - is there another player out there right now, either through the draft or a free agent acquisition, that is guaranteed to be the next bedrock of the franchise?  Very unlikely.  Same thing can probably be said of your organization.  If it is a good employee especially that is leaving, it may be difficult and take time to find someone even close to the same ability, price range, and skill set.  Be patient and open-minded to what might be best for the near future of the company.

3)  Treat the process with respect, even if you are glad to see the person go.  We've all had those employees that left and no tears were shed.  That does not mean you should throw a party because the office gossip leader is gone or that employee who always seemed to be complaining about something.  Others are going to resign in the future and/or may even be considering it now.  Vilifying a former employee will put some fear and disrespect into the process that is unnecessary.  It might feel good for about five minutes, but don't say or do anything you would regret later.

4)  Be quick to think about the future.  The Lakers did right by Kobe this year by many measures.  On the other hand, they have done the prudent thing and nearly immediately started talking about their future.  Who their head coach would be, what players they may want to draft, what free agents they may try to recruit, and how their efforts could impact fans, sponsors, and the overall future of the organization.  They have not forgotten about Kobe.  Not even close.  Nor have they forgotten that this is a business, and they need to get to work right away.  When you have an employee resign, that means you will have clients with un-met needs, colleagues who have to cover more work, and a management team that may be running thin for while.  You don't want any of that to last for long.

The bottom line is that far too many companies treat the resignation process as a necessary evil, but not one you need to pay too much attention to.  I am here to tell you the companies that do it right and do it well are extremely likely to have better retention rates and risk fewer resignations in the future.


Would you agree?

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