Making an Exit: Effectively Handling Terminations

Terminating an employee can cost a company up to 150% of their salary, or more if handled in a manner that leads to legal action. Whether it's by their own accord or not, there are a lot of things a manager needs to know how to handle when it comes time for an employee to leave the organization. The stakes can be high, with potential legal issues, loss of property or proprietary company information, and the strain of picking up the slack until a replacement can be brought in. Managers must be prepared to implement a smooth transition in this important part of the employee life-cycle.